Active broad market exchange-traded funds in Friday's regular
SPDR Trust Series I (
) +1.24%, hitting new 52-week high
iShares MSCI Emerging Index Fund (
iShares Russell 2000 Index Fund (
) +2.21%, with a new 52-week high
Financial Select Sector SPDR (
) +1.31%, with a new 52-week high
iPath S&P 500 VIX Short Term Futures (
) -2.30%, near its 52-week low
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, rallied higher. Actively traded PowerShares QQQ (QQQ) was
up 1.35%, with a new 52-week high of $72.32.
U.S. stocks strengthened their gains at session's half, with the
Dow and S&P 500 hitting record highs. The gains were spurred by
the earlier reports that the U.S. economy added 165,000 jobs in
April, and unemployment fell 7.5% from 7.6%. This beat the
forecasts that 135,000 jobs would be added for April, while
unemployment would stay steady at 7.6%, according to a poll by
The largely upbeat jobs data offset other economic data released
earlier, which missed expectations - March factory orders fell
4%,versus the Briefing.com consensus of a 2.5% decline, and the
April ISM Services came in at 53.1, below the expected reading of
Winners and Losers
Select Financial Sector SPDRs (
) was up 1.31%, with a new 52-week high of $18.94. Direxion Daily
Financial Bull 3X shares (FAS) was up 3.40%, with a new 52-week
high of $60.79. Its bearish counterpart, FAZ, was down 3.38%, with
a new 52-week low of $36.94.
Among financial stocks, Royal Bank of Scotland (RBS) was down
5.43% after it reported Q1 net attributable profit of GBP 393
million or $611.07 million, compared with a loss of GBP 1.55
billion or $2.41 billion in the comparable quarter a year ago.
Revenues were GBP 5.45 billion, or $8.47 billion, versus the
Capital IQ consensus estimate of GBP 6.12 billion or $9.5 billion.
In the prior-year period, the company reported revenues of GBP 7.13
billion or $11.08 billion.
Dow Jones U.S. Energy Fund (IYE) was up 1.95%, nearing its
52-week high; Energy Select Sector SPDR (XLE) was up 1.95%.
In sector news, Duke Energy (DUK) was down 0.44% after reporting
Q1 adjusted diluted earnings per share were $1.02, compared to
$1.13 for Q1 2012, and below the $1.04 per share analysts expected.
It reported total revenues of $5.89 million versus $3.63 billion
last year. That's in line with the $5.9 billion analysts expected.
For 2013, the company guides for EPS of $4.20 to $4.45, vs. the
Street view of $4.34 per share.
Crude was up 1.87%; natural gas was up 0.34%. United States Oil
Fund (USO) was up 2.03%. United States Natural Gas Fund (UNG) was
Gold was down 0.25% and silver was up 0.17%. Among rare metal
funds, SPDR Gold Trust (GLD) is up 0.04%; iShares Silver Trust
(SLV) is up 0.83%.
Health Care SPDR (XLV), up 0.71%; Vanguard Health Care ETF (VHT),
up 0.61%; and iShares Dow Jones US Healthcare (IYH), up 0.73%.
Biotech ETF iShares NASDAQ Biotechnology Index (IBB) jumped to a
new 52-week high of $179.04, and was up 1.89%.
In corporate news, Delcath Systems (DCTH) continued to crater at
mid-day, down 45.74% in afternoon trade, after the company
disclosed the FDA's Oncologic Drugs Advisory Committee (ODAC) voted
16 to 0 with no abstentions that benefits of treatment with
Delcath's Melblez Kit (Melblez (melphalan) for Injection for use
with the Delcath Hepatic Delivery System) for the treatment of
patients with unresectable ocular melanoma metastatic to the liver
do not outweigh the risks associated with the procedure. Shares hit
a new 52-week low of $0.38.
Consumer ETFs were in positive territory in mid-day action:
Consumer Staples Select Sector SPDR (XLP), up 0.56%; iShares Dow
Jones US Consumer Goods (IYK), up 1.08%, with a new 52-week high of
$88.34; and Vanguard Consumer Staples ETF (VDC), up 0.67%, wit a
new 52-week high of $104.86.
In sector news, Furniture Brands (FBN) trimmed earlier losses of
some 16% and was down 13.76% at last check after the company
reported a Q1 loss of $0.38 per share, which includes one-time
items, and may not be comparable to the Capital IQ consensus of
$0.02 loss per share. Revenues were $254.7 million, versus the
analyst estimate of $290.27 million.
In the same period last yer, the company posted EPS of $0.01 on
revenues of $287.2 million. Q1 same-store sales at the 46
Thomasville stores that the company has owned for more than 15
months were down 2.3% compared to the same quarter in 2012, when
same-store sales were flat.
Power Play -
Tech ETFs were firmer at mid-day, tracking broader market gains:
Technology Select Sector SPDR ETF (XLK), up 1.1%; iShares Dow Jones
US Technology ETF (IYW), up 1.23%; and iShares S&P North
American Technology ETF (IGM), up 1.29%, with a new 52-week high of
$74.29; and iShares S&P North American Technology-Software
Index (IGV), up 1.40% .
Semiconductor ETFs were also spiking up - SPDR S&P
Semiconductor (XSD) was up 2.28% and Semiconductor Sector Index
Fund (SOXX) was up 1.42%. Both funds touched new 52-week highs.
SPDR S&P International Technology Sector ETF (IPK) was up
1.63%, with a new 52-week high of $28.76.
In sector news, Vocera Communications (VCRA) was down 35.19%,
hitting a new 52-week low of $11.99. The company reported late
Thursday a Q1 loss per share of $0.07, ex one-time items, missing
the Capital IQ consensus estimate of $0.02 loss per share. Revenues
of $22.4 million also missed the consensus of $24.3 million. In
FY13, the company expects to report a loss per share of $0.05 to
EPS of $0.18, ex non-recurring items, versus the consensus of
$0.42. It sees revenues of $100 million - $110 million, below the
$122.8 million analysts are looking for.