Mid-Day ETF Update: ETFs, Stocks Gains as Sentiment Brightens on Global Growth Signals

By MidnightTrader.com Staff,

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Active broad-market exchange-traded funds in Wednesday's regular session:

SPDR S&P 500 ETF Trust ( SPY ): +0.3%, with a new 52-week high.

iShares MSCI Emerging Markets Index ( EEM ): -0.2%

iPath S&P 500 VIX Short Term Futures TM ( VXX ): -1.3%

Market Vectors Gold Miners ( GDX ): +4.25%

Select Financial Sector SPDRs ( XLF ): flat again, still near 52-week highs

iShares FTSE/Xinhua China 25 Index (FXI): -1.3%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM, IVV and others, were on the whole higher, but some were flat to negative. Actively traded PowerShares QQQ (QQQ) is up 0.6%, near 52-week highs.

U.S. stocks extended their gains as data from the U.S. and China boosted investor confidence. U.S. weekly jobless claims fell by 12,000 to 350,000 while the U.S. trade deficit grew to $38.8 billion in August from a revised $38.6 billion in July. Earlier, HSBC's flash reading of China's PMI was at a seven-month high. Earnings are still in focus, with Microsoft (MSFT) and Amazon.com (AMZN) scheduled to report their financial results in the after hours session.

Power Play: Technology

Tech ETFs and stocks continue to post gains, outperforming the narrower gains in the broader market. Tech giant Microsoft (MSFT), online retailer Amazon (AMZN) and social game services provider Zynga (ZNGA) are slated to release their earnings in today's after hours session. Technology Select Sector SPDR ETF (XLK), 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) are leaning higher.

Semiconductor ETFs, SPDR S&P Semiconductor (XSD) was down 0.2% while Semiconductor Sector Index Fund (SOXX) was up 1.1%. SPDR S&P International Technology Sector ETF (IPK) was flat.

Among stocks, NXP Semiconductors NV (NXPI) rose nearly 12%, hitting a new record high after the maker of semiconductors posted adjusted third-quarter earnings above analysts' expectations while its guidance range for the fourth quarter was mostly above Street estimates.

Winners and Losers

Financial -

Select Financial Sector SPDRs ( XLF ) was flat, but still near its 52-week high. Direxion Daily Financial Bull 3X shares (FAS) was up 0.4%, also near 52-week highs; its bearish counterpart, FAZ, was down 0.5%, with a new new 52-week low.

Among financial stocks, World Acceptance (WRLD) was down 9.4% after the small-loan consumer finance company reported Q2 earnings of $1.80 per share, versus the Capital IQ consensus of $2. Revenues were $150 million, versus the analyst estimate of $151.93 million.

Energy -

Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR (XLE) both reached new 52 week highs of $48.93 and $86.18, respectively.

In sector news, Clayton Williams Energy (CWEI) was up 13%, with a new 52-week high of $81.33, after the independent oil and gas company reported Q3 earnings of $0.90 per share, versus the Capital IQ consensus of $0.73. Revenues were $111.17 million, versus the analyst estimate of $97.51 million.

Commodities -

Crude was down 0.14%; United States Oil Fund (USO) has turned slightly positive. Natural gas was up 0.03%, and United States Natural Gas Fund (UNG) was up 0.5%.

Gold was up 1.20%, and SPDR Gold Trust (GLD) was up 1.22%. Silver was up 0.88%; iShares Silver Trust (SLV) was up 1%.

Consumer -

Consumer Staples Select Sector SPDR (XLP) has turned slightly negative. iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were slightly higher and slightly lower respectively - but both did touch fresh 52 week highs today.

In sector news, ITT Educational Services (ESI) was up 7% but is nearly $3 off an early new 52-week high of $41.40. The provider of postsecondary degree programs reported Q3 GAAP earnings of $0.80 per share on revenues of $259.4 million, above Street estimates. The company adjusted its 2013 internal goal for earnings per share to $4.00 - $4.20. from the range of $3.50 - $4.00.


Health Care SPDR (XLV) and Vanguard Health Care ETF (VHT) were both slightly lower at last look having both hit new 52-week highs; iShares Dow Jones US Healthcare (IYH) also reached a new 52-week high but was weaker. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was up 1% and closer to 52 week highs.

Among stocks, Natus Medical Inc. (BABY) jumped nearly 30% to a new 52-week high of $19.98. The provider of health-care products for newborns swung to a bigger-than-expected third-quarter profit and raised its fourth-quarter and full-year guidance.

Industrial -

Select Sector SPDR-Industrial (XLI) was up 0.6% at a new 52 week high; iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ) and Vanguard Industrials (VIS) also reached new 52-week highs.

Among stocks, Generac Holdings Inc. (GNRC) was up near 15%, climbing to a fresh new 52-week high of $48.50 after the generator manufacturer reported Q3 earnings and revenue that beat analyst expectations. It also raised its FY13 guidance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: EEM , GDX , SPY , VXX , XLF

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