Active broad market exchange-traded funds at mid-day:
SPDR S&P 500 ETF Trust (
): +0.13, with a new 52-week high of $152.61
Financial Select Sector SPDR (
): +0.03%, with a new 52-week high of $17.87
iPath S&P 500 VIX ST Futures ETN (
iShares MSCI Emerging Markets Index (
PowerShares QQQ Trust, Series 1(
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are firmer. Actively traded PowerShares QQQ (
) is up 0.30%.
U.S. stocks are trimming earlier gains following December
business inventories data, which showed an increase of 0.1%, below
growth expectations. Earlier, market sentiment was boosted by
upbeat retail sales data, with January retail sales grew 0.1%,
in-line with the analysts' consensus on Briefing.com. Excluding
autos, retail sales increased 0.2%, just above forecasts. Import
and export price index data were also upbeat, with export prices in
January, excluding agriculture, rising by 0.5%; excluding oil,
import prices increased by 0.2%.
Winners and Losers
Select Financial Sector SPDRs (
) is down 0.18% but with a new 52-week high of $17.87%. Direxion
Daily Financial Bull 3X shares (FAS) is down 0.17%, also with a new
52-week high. Its bearish counterpart, FAZ, is down 0.17%, with a
new 52-week low of $11.54.
Among financial stocks, ING (ING) is down 3.45% after posting a
Q4 net profit of EUR 1.43 billion. According to Dow Jones
Newswires, analysts were expecting EUR 1.52 billion. The Dutch bank
says it will cut 1,400 jobs by the end of 2015, and aims to cut
costs by EUR 120 million per year.
are lower, underperforming the broader market at mid-day:
Technology Select Sector SPDR ETF (XLK), down 0.10%; iShares Dow
Jones US Technology ETF (IYW), down 0.22% iShares S&P North
American Technology ETF (IGM), down 0.10%; and iShares S&P
North American Technology-Software Index (IGV) , down 0.79.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is
down 0.62% and Semiconductor Sector Index Fund (SOXX) is also down
SPDR S&P International Technology Sector ETF (IPK) is
In sector news, Trulia (TRLA) is up 24.25% and hit a new 52-week
high of $29.89. It reported late Tuesday Q4 revenue of $20.6 mln
and a pro forma loss of $0.03, compared to a loss of $0.25 for the
comparable period last year. The Capital IQ analyst consensus
estimate was for an EPS loss of $0.02 on revenue of $19.04 mln. Q1
revenue is expected to be in the range of $20.8 - $21.2 million,
above the current $19.25 mln Street view.
Dow Jones U.S. Energy Fund (IYE) is up 0.13%, nearing its
52-week high. Energy Select Sector SPDR (XLE) is up 0.19%, hitting
a new 52-week high of $78.75.
In sector news, Talisman Energy (TLM) is now up 2.56% after it
posted a Q4 loss per share of $0.10. The Street was looking for
earnings of $0.05 per share, although it's not clear if this is
comparable. Last year, the company posted earnings of $0.11 per
share. Revenue for the quarter came in at $1.61 billion, missing
the $1.76 billion consensus.
Petroleum inventory data showed that U.S. commercial crude oil
inventories increased by 0.6 mln barrels from the previous week.
U.S. crude oil inventories, which are at 372.2 mln barrels, are
well above the upper limit of the average range for this time of
Crude was down 0.03%; natural gas was up 2.60%. United States
Oil Fund (USO) is down 0.11%. United States Natural Gas Fund (UNG)
is up 2.03%.
Gold was down 0.25%; likewise, silver was down 0.83%. Among rare
metal funds, SPDR Gold Trust (GLD) is down 0.43%; iShares Silver
Trust (SLV) is down 0.76%.
Healthcare ETFs are weaker: Health Care SPDR (XLV), down 0.23%,
nearing its 52-week high; Vanguard Health Care ETF (VHT), down
0.17%; and iShares Dow Jones US Healthcare (IYH), down 0.18, also
nearing its 52-week high. Biotech ETF iShares NASDAQ Biotechnology
Index (IBB),on the other hand, is up 0.20%.
In corporate news, Pharmacyclics (PCYC) is up now up 7.55% and
touched a new 52-week high of $76 after its investigational oral
agent ibrutinib monotherapy for the treatment of patients with
relapsed or refractory mantle cell lymphoma and for the treatment
of patients with Waldenstrom's macroglobulinemia, has been granted
Breakthrough Therapy Designation by the U.S. Food and Drug
Relapsed or refractory mantle cell lymphoma (MCL) and
Waldenstrom's macroglobulinemia (WM) are both B-cell malignancies.
Pharmacylics, together with Johnson & Johnson's (JNJ) Janssen
unit is working with the FDA to determine the implications of this
Breakthrough Therapy Designation to the ongoing and planned
development and the filing requirements for the use of ibrutinib in
patients with MCL and WM. The company expects to finalize the MCL
filing before the year ends and will provide guidance on the WM
filing after further discussions with the FDA. JNJ is currently
Consumer ETFs are in the positive territory at mid-day: Consumer
Staples Select Sector SPDR (XLP), up 0.05%; iShares Dow Jones US
Consumer Goods (IYK), up 0.04%, with a new 52-week high of $80.95;
and Vanguard Consumer Staples ETF (VDC), down 0.03% but near its
In sector news, Dean Foods (DF) is down 8.16% after it reported
Q4 adjusted earnings of $0.40 per share, ex one-time items, versus
the Capital IQ consensus of $0.29. Revenues were $3.42 bln, versus
the analyst estimate of $3.37 bln. The company expects Q1 EPS of
$0.22 - $0.27, ex special items, versus the Street view of $0.30.
DF also anticipates FY13 EPS of $1 - $1.10, ex non-recurring items,
versus the consensus of $1.25.
Power Play -
ETFs with exposure to Comcast (CMCSA) and General Electric
Company (GE) continue to see active trading following news released
late Tuesday that the two companies have reached an agreement under
which Comcast will acquire GE's entire 49% common equity stake in
the NBCUniversal joint venture for approximately $16.7 billion.
Also, NBCUniversal will purchase from GE the properties used by
NBCUniversal at 30 Rockefeller Plaza and CNBC's headquarters in
Englewood Cliffs, NJ for approximately $1.4 billion.
CMCSA and GE both reached new 52-week highs, with Comcast up
4.46% at $42 and GE up 3.08% at $23.44.
ETFs with exposure to CMCSA are firmer:: Consumer Discretionary
SPDR (XLY), up 0.24%, with a new 52-week high of $51.18; iShares
Dow Jones US Consumer Index (IYC), up 0.14%, with a new 52-week
high of $93.83; PowerShares Dynamic Media (PBS), up 0.39%, with a
new 52-week high of $17.90; Vanguard Consumer Discretionary ETF
(VCR), up 0.09%, also with a new 52-week high of $81.99; and
iShares S&P Global Consumer Discretionary Sector Index (RXI),
up 0.61%, with a new 52-week high of $65.93.
ETFs with exposure to GE, mostly from the industrial sector, are
higher: Vanguard Industrials (VIS), up 0.47%, with a new 52-week
high of $77.71; iShares Trust Dow Jones U.S. Industrial Sector
Index Fund (IYJ), up 0.44%, with a new 52-week high of $79.83; and
Select Sector SPDR-Industrial (XLI), up 0.44%, also with a new
52-week high of $41.11.
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