Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
): +0.19%, with a new 52-week high of $155.60
Financial Select Sector SPDR (
): -0.08%, with a new 52-week high of $18.31
iPath S&P 500 VIX Short Term Futures TM (
iShares MSCI Emerging Markets Index (
iShares MSCI Japan Index (
): +0.24%, near its 52-week high
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, extended their gains into mid-day, hitting new 52-week
highs. Actively traded PowerShares QQQ (QQQ) was down 0.06%.
U.S. stocks continued to rally as the upbeat jobs data released
Friday indicated a positive picture of the U.S. economy. February
nonfarm payrolls were 236,000, while nonfarm private payrolls were
264,000 - both surpassing economists expectations. Unemployment
rate came in at 7.7% -- the lowest level since December 2008. This
was better than analysts' forecast of an unchanged rate of 7.9%,
according to Briefing.com. The Commerce Department also released
upbeat economic data, saying wholesale inventories for January rose
1.2%, more than the expected 0.2% increase. This was also its
widest growth since December 2011.
Winners and Losers
Select Financial Sector SPDRs (
) eased 0.08% but touched a new 52-week high of $18.31. Direxion
Daily Financial Bull 3X shares (FAS) was down 0.29%, but with a new
52-week high of $164.02. Its bearish counterpart, FAZ, was up
0.18%, with a new 52-week low of $10.63.
Among financial stocks, Barclays (BCS) reversed slight losses
and was up 0.9% at mid-day. A Financial Times report said that the
company's CEO Antony Jenkins has told investors that cost reduction
is his absolute priority and he wants to find a way for the bank to
operate with as few as 100,000 staff - a near 30% reduction on its
logged gains in mid-day action, hitting new 52-week highs: Vanguard
Industrials (VIS), up 0.64%, with a new 52-week high of $79.28;
iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ), up
0.59%, with a new 52-week high of $81.39; and Select Sector
SPDR-Industrial (XLI), up 0.60%, with a new 52-week high of
Among stocks, KMG Chemicals (KMG) slipped 3% after the company
reported Q2 earnings of $0.14 per share, ex one-time items, versus
the Capital IQ consensus of $0.16. Revenues were $56.83 mln, versus
the analyst estimate of $55.99 mln. The company expects Q3 EPS of
$0.33 versus the Street view is EPS of $0.35.
Dow Jones U.S. Energy Fund (IYE) edged higher, up 0.07% and
Energy Select Sector SPDR (XLE) was also firmer, up 0.14%.
In sector news, BPZ Resources (BPZ) was up 5.7% after it
reported Q4 GAAP EPS of $0.12, versus the Capital IQ GAAP consensus
of $0.12 loss per share. Revenues were $25.1 mln, versus the
analyst estimate of $24.77 mln. Total production from the company's
offshore Corvina and Albacora fields in Block Z-1 was 139,000
barrels of oil, or 1,516 barrels of oil per day (bopd). This
compares with 155,000 barrels of oil or 1,683 bopd for the same
period in 2011.
Crude was down 0.45%; natural gas was up 0.96%. United States
Oil Fund (USO) was down 0.30%. United States Natural Gas Fund (UNG)
was up 1.01%.
Gold was up 0.06% and silver was up 0.75%. Among rare metal
funds, SPDR Gold Trust (GLD) was down 0.02%; iShares Silver Trust
(SLV) was up 0.66%.
Healthcare ETFs continued to tick hgiher at mid-day: Health Care
SPDR (XLV), was up 0.13%, with a new 52-week high of $44.67;
Vanguard Health Care ETF (VHT), up 0.23%, with a new 52-week high
of $80.32; and iShares Dow Jones US Healthcare (IYH), up 0.14%,
near its 52-week high. Biotech ETF iShares NASDAQ Biotechnology
Index (IBB) also jumped to a new 52-week high of 155.39, edging up
In corporate news, AngioDynamics (ANGO) tumbled 11.8%, adding to
losses of 4% in Thursday's after-hours session, when the company
reported preliminary Q3 earnings between $0.04 - $0.06 per share,
below analyst consensus of $0.09 per share. ANGO expects to report
revenues of $81 million, lower than estimates of $87 million and
below prior year revenues of $83 million.
Consumer ETFs were in positive territory: Consumer Staples
Select Sector SPDR (XLP), up 0.10%, near its 52-week high; iShares
Dow Jones US Consumer Goods (IYK), off 0.01%, but with a new
52-week high of $83.32; and Vanguard Consumer Staples ETF (VDC), up
0.10%, with a new 52-week high of $97.60.
Likewise, Retail ETFs were higher: SPDR S&P Retail (XRT), up
0.7%, with a new 52-week high of $69.37; PowerShares Dynamic Retail
(PMR), up 0.34%, near its 52-week high; and Market Vectors Retail
ETF (RTH) up 0.5%, with a new 52-week high of $47.64.
In sector news, Ann (ANN) continued to log gains, up 8.6% after
it reported Q4 earnings of $0.05 per share, ex one-time items,
versus the Capital IQ consensus of $0.01. Revenues were $607.7 mln,
versus the analyst estimate of $608.10 mln. Total company
comparable sales for the quarter decreased 0.7%.
The company expects FY13 revenues of $2.565 bln, assuming a
total company comparable sales growth in the mid-single digits.
Analysts are looking for revenues of $2.37 bln. For Q1, the company
anticipates sales to be $600 mln, reflecting a total company
comparable sales increase in the low-single digits. The Street view
is $590.98 mln in revenues.
Power Play -
Tech ETFs were firmer at mid-day: Technology Select Sector SPDR
ETF (XLK), up 0.23%; iShares Dow Jones US Technology ETF (IYW), up
0.08%; and iShares S&P North American Technology ETF (IGM), up
0.07%, with a new 52-week high of $72.89. iShares S&P North
American Technology-Software Index (IGV), slipped lower, down
0.04%, but touched a new 52-week high of $70.21.
Among Semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
up 0.33% while Semiconductor Sector Index Fund (SOXX) was down
SPDR S&P International Technology Sector ETF (IPK) was
In sector news, Pandora (P) shares were up 16.5%, trimming
earlier gains of more than 25%, after it announced it will begin a
process to replace company chairman, CEO and president Joseph
Kennedy. Kennedy, who has led the company since July 2004, will
continue in his current role until his successor is named.
Pandora also reported Q4 total revenue was $125.1 million, a 54%
year-over-year increase and above the $122.8 million the Street
expected. It reports a loss of $0.04 per share for Q4, less than
the $0.05 loss analysts expected. Shares also hit a new 52-week
high of $14.70.
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