Active broad-market exchange-traded funds at Thursday's regular
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
Select Financial Sector SPDRs (
Market Vectors Gold Miners (
iShares MSCI Japan (
): -0.04%, shy of its 52-week high
PowerShares QQQ Trust, Series 1 (QQQ): -0.73%, reaching a new
Broad Market Indicators
Broad market exchange-traded funds were mixed, but most were
still near their record or multi-year highs. Actively traded
PowerShares QQQ (QQQ) was down 0.73% but still near its 13-year
U.S. stocks extended their losses into the session's half as
mixed economic data weighed on market sentiment. The Federal
Housing Finance Agency reported a 0.1% rise in home prices during
November, down from 0.5% gain in the prior month. Earlier, U.S.
economic data were much more upbeat, with existing-home sales up 1%
in December to 4.87 million, while 2013 sales hit 5.09 million, the
most since 2006. Jobless claims rose by 1,000 at 326,000 - a slight
change from the prior week, while leading economic indicators
increased 0.1%, as expected. The January Markit PMI fell to 53.7
versus forecasts of 55.0. Investors are digesting news out of
China, as the world's second largest economy reported disappointing
manufacturing data - possibly indicating a slow down in global
Power Play: Healthcare
Health Care SPDR (XLV) and Vanguard Health Care ETF (VHT) and
iShares Dow Jones US Healthcare (IYH) and Biotech ETF iShares
NASDAQ Biotechnology Index (IBB) were all lower, but still near
In corporate news, Hill-Rom Holdings (HRC) was down some 14%
after the company reported lower-than-expected financial results
for Q1 ended Dec. 31, 2013, and lowered its outlook for FY14. It
also provided details on its planned restructuring program. HRC
will reduce European manufacturing capacity, and plans to close one
facility and downsize capacity throughout its remaining European
manufacturing network. It will streamline operations in the U.S.
and Europe, including establishing a shared services center in
Europe. These actions will result in the elimination of
approximately 350 net positions in the U.S. and Europe,
representing 5% of its global work force.
Winners and Losers
Select Financial Sector SPDRs (
) and Direxion Daily Financial Bull 3X shares (FAS) were both down.
FAZ, was up 4.02% and was near an all-time low.
Among financial stocks, Union Pacific Corp. (UNP) were up 3.12%
and reached a new 52-week high of $174.82 after the railroad and
transportation company posted a 13% rise in Q4 profit that topped
analysts' expectations as revenue climbed, boosted by the first
increase in overall volume in six quarters.
Technology Select Sector SPDR ETF (XLK) was down 0.59%. iShares
Dow Jones US Technology ETF (IYW), iShares S&P North American
Technology ETF (IGM) and iShares S&P North American
Technology-Software Index (IGV) were also weaker. SPDR S&P
International Technology Sector ETF (IPK) was down 1.32%.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
down 1.21%, near 52-week highs. Semiconductor Sector Index Fund
(SOXX) was down 1.12%.
In stocks news, Silicom (SILC) were up nearly 30%, reaching a
record high of $62.67 after the company posted Q4 EPS of $0.94 on
revenue of $25.4 million, comfortably beating the Street view of
EPS of $0.56 on revenue of $18.42 million.
Dow Jones U.S. Energy Fund (IYE) was down 0.93%; likewise,
Energy Select Sector SPDR (XLE) was lower, down 0.96% at last
In corporate news, CMS Energy Corp. (CMS) was down 0.30% after
the company said it increased the quarterly dividend on its common
stock by 5.9% to $0.27 per share, beginning with the energy
company's dividend payable Feb. 28 to shareholders of record Feb.
7. Previously, the quarterly dividend was $0.255 per share. With
the new payment, the dividend gives the stock an annualized yield
of about 4%.
Crude was up 0.99%; United States Oil Fund (USO) was up 0.84%.
Natural gas was up 1.47%, after hitting a new 52-week high and
United States Natural Gas Fund (UNG) was up 2.04%. Gold was up
1.77% and silver was up 1.16%. Among rare metal funds, SPDR Gold
Trust (GLD) was up 2.11%; iShares Silver Trust (SLV) was up
Consumer Staples Select Sector SPDR (XLP) was down 0.81%; other
consumer ETFs Vanguard Consumer Staples ETF (VDC) and iShares Dow
Jones US Consumer Goods (IYK) were also lower.
In stocks news, Arctic Cat (ACAT) was down almost 19% after
posting Q3 EPS of $0.89, down from $1.30 last year and missing the
Capital IQ consensus estimate of $1.33. Sales came in at $225.8
million, up from net sales of $218.0 million in the same quarter
last year but below the $239.38 million consensus mean. For fiscal
2014, the company is lowering its sales and earnings guidance. The
company now estimates full-year earnings to be in the range of
$2.90 to $3.00 per diluted share on anticipated sales in the range
of $740 million to $750 million. Previously, the company estimated
full-year earnings in the range of $3.27 to $3.37 per diluted share
on sales in the range of $754 million to $768 million. The Street
is expecting $3.25 EPS on $749.87 million in revenue.
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