Active broad market exchange-traded funds at mid-day:
SPDR S&P 500 ETF Trust (
): -0.51%, near 52 week highs
iPath S&P 500 VIX Short Term Futures (
Financial Select Sector SPDR (
): -0.57%, with a new 52-week high
iShares MSCI Emerging Markets Index (
PowerShares QQQ Trust, Series 1 (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are lower. Actively traded PowerShares QQQ (
) is down 0.56%.
U.S. stocks are now in the negative territory in the session's
half, following a slew of mixed economic data and corporate
earnings. The latest weekly initial jobless claims was 366,000,
higher than the 360,000 that had been projected by the Briefing.com
consensus. Continuing claims rose to 3.224 million from 3.216
In Q4, unit labor costs increased by 4.5% above the growth
forecast of 2.4%. Productivity slipped 2% in the quarter. Aside
from earnings reports, same store figures from major retailers are
also in focus today. Still ahead, the December consumer credit
report will be reported at 3 pm ET.
Winners and Losers
Select Financial Sector SPDRs (
) is down 0.57%, but with a new 52-week high of $17.67. Direxion
Daily Financial Bull 3X shares (FAS) is down 1.74%, also with a new
52-week high of $148.62. Its bearish counterpart, FAZ, is up 1.84%,
with a new 52-week low of $11.89.
Among financial stocks, Cigna (CI) is now up 1.68%, climbing to
a new 52-week high of $61.23, after it reported Q4 adjusted EPS of
$1.57, ahead of estimates for $1.48. Revenue for the quarter came
in at $7.62 billion, topping the $6.72 billion consensus. Shares
closed at $59.67.
are lower at mid-day: Technology Select Sector SPDR ETF (XLK), is
down 0.44%; iShares Dow Jones US Technology ETF (IYW), down 0.28%;
iShares S&P North American Technology ETF (IGM), down 0.62%;
and iShares S&P North American Technology-Software Index (IGV),
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is
down 1.64% and Semiconductor Sector Index Fund (SOXX) is down
SPDR S&P International Technology Sector ETF (IPK) is down
In sector news, Akamai Technologies (AKAM) is now down 16% after
it reported late Wednesday Q4 sales of $378 mln, missing the Street
view of $381.30 mln. Non-GAAP EPS for the quarter was $0.54,
topping the consensus by $0.04. The company's board also said it
extended AKAM's $150 mln share buyback program to Feb 1.
Dow Jones U.S. Energy Fund (IYE) is down 0.72% and Energy Select
Sector SPDR (XLE) is down 0.63%.
In sector news, Noble Energy (NBL) is now down 0.67% but earlier
hit a new 52-week high of $114.38. It reported Q4 earnings of $1.65
per share, ex one-time items, versus the Capital IQ consensus of
$1.13. Revenues were $1.17 bln, versus the analyst estimate of
According to the latest EIA estimates, working gas in storage
was 2,684 Bcf as of Feb. 1, representing a net decline of 118 Bcf
from the previous week.
Crude was down 0.76%; natural gas was down 2.72%. United States
Oil Fund (USO) is down 0.94%. United States Natural Gas Fund (UNG)
is down 3.41%.
Gold was down 0.35% and silver was down 0.48%. Among rare metal
funds, SPDR Gold Trust (GLD) is down 0.42%; iShares Silver Trust
(SLV) is down 1.53%.
Healthcare ETFs are lower, but nearing their 52-week highs:
Health Care SPDR (XLV), down 0.56%; Vanguard Health Care ETF (VHT),
down 0.63%; and iShares Dow Jones US Healthcare (IYH), down 0.67%.
Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is down
In corporate news, Gentiva Health (GTIV) is now down 6.91% after
it reported Q4 earnings of $0.32 per share, ex $0.01 impact of
Hurricane Sandy, versus the Capital IQ consensus of $0.34. Revenues
were $425 mln, versus the analyst estimate of $433.75 mln.
Power Play -
Retail ETFs and stocks continue to see active trading today
after most major retailers reported their same store sales figures
for January 2013 in the pre-market session. Most of them are also
providing or revising their outlooks. The sector, however, is
underperforming the broader market as the same store sales were
Among those reporting, Cato (CATO) is down 5.22% after it said
that for the month of January 2013, comparable store sales
decreased 9%, reflecting the difficult retail environment the
company faced in 2012. Total sales were $63.8 million, an increase
of 26% over sales of $50.5 million for the same month last year.
The Retail Metrics consensus was for comparable store sales to
The company also said it expects to report Q4 revenues of $232
million, up 5% over sales of $221.5 million from the same period a
year ago. Comparable store sales decreased 7% from last year. CATO
is lowering its Q4 EPS guidance to $0.27 - $0.29, from the prior
guidance range of $0.34 - $0.36. Analysts polled by Capital IQ are
expecting EPS of $0.35.
Retail ETFs are inching lower: SPDR S&P Retail (XRT), down
0.63%, but touched a new 52-week high of $68.06; PowerShares
Dynamic Retail (PMR), up 1.09%, near its 52-week high; and Market
Vectors Retail ETF (RTH), down 0.37%, but also with a new 52-week
high of $46.42.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.