Active broad-market exchange-traded funds in Thursday's regular
SPDR S&P 500 (
): +0.03%, with a new 52-week high
iShares MSCI Japan Index (
): -1.01%, near its 52-week high
iPath S&P VIX Short Term Futures (
): +0.76%, near its 52-week low
iShares Russell 2000 (
): -0.09%, near its 52-week high
iShares MSCI Emerging Markets Index (
): +1.72% , near its 52-week low
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, continued to see weakness. Actively traded PowerShares QQQ
(QQQ) is up 0.23%, with a new 52-week high of $72.90.
U.S. stocks slipped lower at session's half, despite the upbeat
economic data released earlier. The Labor Department reported that
initial jobless claims for the week declined 4,000 to 323,000 - the
lowest level since 2008. This beat the economists' expectations for
jobless claims to rise to 335,000. Wholesale inventories grew 0.3%
in March, up from a 0.3% decline in February, and in line with
estimates. Despite the earnings season winding down, earnings are
still spurring active trade in mid-day action. NVIDIA (NVDA) is set
to report its earnings in today's after hours session.
Winners and Losers
Select Financial Sector SPDRs (XLF) was down 0.54%, near its
52-week high. Direxion Daily Financial Bull 3X shares (FAS) was
down 1.25%, but with a new 52-week high of $64.19. Its bearish
counterpart, FAZ, was up 1.23%, near its 52-week low.
Among financial stocks, Walter Investment Management (WAC) pared
its earlier gains of nearly 9%, and was up 4.48% at last check. The
company reported Q1 core earnings of $0.71 per share, versus the
Capital IQ consensus of $0.47. Revenues were $291.8 million, versus
the analyst estimate of $267.44 million. In the same period last
year, the company reported EPS of $0.64 on revenues of $152.8
slipped lower at mid-day: Technology Select Sector SPDR ETF (XLK),
is off 0.17%, but near its 52-week high; iShares Dow Jones US
Technology ETF (IYW), up 0.08%; iShares S&P North American
Technology ETF (IGM) up 0.16%, with a new 52-week high of $75.11;
and iShares S&P North American Technology-Software Index (IGV),
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
with a new 52-week high of $52.12; and Semiconductor Sector
Index Fund (SOXX) was up 0.92%, with a new 52-week high of
SPDR S&P International Technology Sector ETF (IPK) was
In sector news, Groupon (GRPN) was up 9.12% after it reported Q1
revenue of $601.4 million and non-GAAP EPS $0.03 per share.
Analysts expected $0.03 per share in earnings on $591 million in
revenue. Groupon reaffirms its guidance that full year 2013 GAAP
operating income will exceed $100 million. Groupon anticipates
incremental investments of between $15 million and $30 million in
customer incentives and marketing in the second quarter 2013. As a
result, for Q2 2013, revenue is expected to be between $575 million
and $625 million, in line with the $618 analysts estimate.
Dow Jones U.S. Energy Fund (IYE) was up 0.09% and Energy Select
Sector SPDR (XLE) was up 0.14%, near its 52-week high.
In sector news, Apache (APA) was up 4.5% after the independent
energy company reported Q1 EPS of $2.02, missing the Capital IQ
consensus estimate of $2.21. Revenues of $4.08 billion also fell
short of the consensus of $4.31 billion. The company said it plans
to divest $4 billion in assets by the end of 2013. Initial proceeds
of $2 billion from the divestiture will be used to reduce debt and
enhance the company's financial flexibility.
Crude was down 0.64%, natural gas was up 0.68%. United States
Oil Fund (USO) was down 0.73%. United States Natural Gas Fund (UNG)
is up 0.09%.
Gold was down 0.33% and silver was hovering near even. Among
rare metal funds, SPDR Gold Trust (GLD) is down 0.25%; iShares
Silver Trust (SLV) is down 0.13%.
Healthcare ETFs were mostly higher: Health Care SPDR (XLV), up
0.38%; Vanguard Health Care ETF (VHT), up 0.38% and iShares Dow
Jones US Healthcare (IYH), up 0.91%. Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) was up 0.57%.
In corporate news, Sarepta Therapeutics (SRPT) was up 6.24%,
adding to early gains of some 2%, after it reported non-GAAP net
loss for Q1 2013 was $13.0 million, or $0.41 per share, compared to
a net loss from Q1 2012 of $6.0 million, or $0.27 per share. Total
revenues from grants were $4.5 million versus $11.2 million a year
prior. Analyst estimates were not available.
Power Play -
Consumer ETFs were weaker: Consumer Staples Select Sector SPDR
(XLP), down 0.47%, nearing its 52-week high; iShares Dow Jones US
Consumer Goods (IYK), down 0.03%, with a new 52-week high of
$88.84; and Vanguard Consumer Staples ETF (VDC), down 0.29%. also
near its 52-week high.
In sector news, Green Mountain (GMCR) continued to gap higher,
and was up 23.76% at last check. Late Wednesday, the company
reported net sales of $1.00 billion, a 14% increase over $885.1
billion a year ago. Non-GAAP income was $140.9 million, up from
$101.7 million a year prior and income per share was $0.93, up from
$0.64. The Street Consensus was $0.72 per share up on $1.0 billion
in revenue. The company raised its fiscal 2013 non-GAAP EPS
estimates to $3.05 to $3.15, which is well ahead of the $2.82 the
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