Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
): +0.24%, with a new 52-week high of $154.97
Financial Select Sector SPDR (
): +0.72%, with a new 52-week high of $18.20
iShares MSCI Emerging Markets Index (
iPath S&P 500 VIX Short Term Futures TM (
): -1.8%, near 52 week lows.
Market Vectors Gold Miners ETF (
Broad Market Indicators
Many broad-market exchange-traded funds, including SPY, IWM, IVV
and others, continue to log gains, even touching new 52-week highs.
Actively traded PowerShares QQQ (QQQ) is up 0.28%.
U.S. stocks are extending their gains on the heels of mostly
upbeat economic data. Weekly initial claims were 340,000, lower
than the consensus of 350,000, while continuing claims were 3.09
mln, matching the consensus of 3.1 mln, according to Briefing.com.
January trade deficit widened to $44.4 bln, vs. the expected $43
bln due to higher petroleum imports, while Q4 productivity fell
1.9%, versus the estimates of a 1.6% decline.
Winners and Losers
Select Financial Sector SPDRs (
) was up 0.72%, with a new 52-week high of $18.20. Direxion Daily
Financial Bull 3X shares (FAS) was up 1.5%, also with a new 52-week
high of $161.53. Its bearish counterpart, FAZ, is down 1.6%, with a
new 52-week low of $10.81.
Among financial stocks, Nationstar Mortgage (NSM) has reversed,
down more than 4% after the non-bank residential mortgage servicer
reported Q4 earnings of $0.71 per share, ex one-time items, versus
the Capital IQ consensus of $0.66. Revenues were $332.6 mln, versus
the analyst estimate of $302.12 mln.
are in the green: Technology Select Sector SPDR ETF (XLK), up 0.3%;
iShares Dow Jones US Technology ETF (IYW), up 0.4%; iShares S&P
North American Technology ETF (IGM), up 0.12%, with a new 52-week
high of $72.75; and iShares S&P North American
Technology-Software Index (IGV), fluctuating between positive and
negative, but did hit a new 52-week high of $70.06.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
up 0.66% and Semiconductor Sector Index Fund (SOXX) was up
SPDR S&P International Technology Sector ETF (IPK) was down
more around 1.2%.
In sector news, Ciena (CIEN) continues to see strength, now up
16% and closing in on year highs after the company reported Q1
earnings of $0.12 per share, versus the Capital IQ consensus of
$0.14 loss per share. Revenues were $453.1 mln, versus the analyst
estimate of $449.1 mln. In the same period last year, the company
reported a loss of $0.17 per share on revenues of $416.7 mln. For
Q2, the company sees revenues of $465 mln - $495 mln, versus the
$481.72 mln analysts are looking for.
Dow Jones U.S. Energy Fund (IYE) was up 0.4%, and Energy Select
Sector SPDR (XLE) was up 0.45%.
In sector news, EPL Oil & Gas (EPL) is nearing its 52-week
high, after reporting Q4 earnings of $0.67 per share, ex one-time
items, versus the Capital IQ consensus of $0.47. Revenues were
$138.9 mln, versus the analyst estimate of $136.65 mln. Oil
production in the quarter rose 43% year-over-year to 13,516 barrels
of oil per day (Bopd). The company expects 2012 exit oil production
to be at 16,500 Bopd, with Q1 and FY13 oil production guidance at
16,000 Bopd - 17,000 Bopd and 17,000 Bopd - 18,500 Bopd,
Crude was up 0.77%; natural gas was up 3.2%. United States Oil
Fund (USO) was up 0.9%. United States Natural Gas Fund (UNG) was up
Gold was up 0.11% and silver was up 0.08%. Among rare metal
funds, SPDR Gold Trust (GLD) was down 0.5%; iShares Silver Trust
(SLV) was down 0.9%.
Healthcare ETFs were firmer, some hitting or nearing new year
highs: Health Care SPDR (XLV), up 0.04%; Vanguard Health Care ETF
(VHT), up 0.06%; and iShares Dow Jones US Healthcare (IYH), flat
now but with a new 52-week high of $93.45. Biotech ETF iShares
NASDAQ Biotechnology Index (IBB) has dipped lower, down 0.1%, but
earlier touched a new 52-week high of $154.78.
In corporate news, Edap (EDAP) shares were up near 5% and have
hit a new 52 week high following the company's report that the FDA
has approved the application for its ultrasound device for treating
low-risk, localized prostate cancer. The next step for the product
is the filing review
Power Play -
Retail ETFs continue to see active trade as several retailers
reported their same store sales for February. Among gainers, Gap
(GPS) was up more than 3% and nearer year highs after confirming
comparable same store sales increased 3%, better than the retail
metrics consensus of a 2.8% increase. Among losers, Ross Stores
(ROST) was down 7% after its February same store sales slipped 1%,
missing the retail metrics consensus of a 1.3% growth.
Retail ETFs are firmer: SPDR S&P Retail (XRT), up 0.42%,
with a new 52-week high of $69.03; PowerShares Dynamic Retail
(PMR), up 0.26%; and Market Vectors Retail ETF (RTH), down 0.15%
but with a new 52-week high of $47.46.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.