Active broad market exchange-traded funds at mid-day:
SPDR S&P 500 ETF Trust (
): +0.68%, with a new 52-week high of $148.14
Financial Select Sector SPDR (
): +0.03%, with a new 52-week high of $17.17
iShares MSCI Japan Index (
PowerShares QQQ Trust, Series 1 (
iShares Russell 2000 Index (
): +0.99%, with a new 52-week high of $88.42
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are extending their gains, with some reaching new 52-week
highs. Actively traded PowerShares QQQ (
) is up 0.55%.
U.S. stocks are also rallying, as upbeat jobs and housing data
brightened market sentiment. U.S. jobless claims fell by 37,000 to
335,000 - the lowest level since January 2008, according to
MarketWatch. U.S. construction of new homes rose 12.1% in
The better-than-expected economic data have offset
disappointment over earnings from major financial stocks,
particularly from Citibank (C) and Bank of America (BAC), whose
reports analysts have decried as "muddled" and "junk," according to
another report on MarketWatch.
Winners and Losers
are in the green: Technology Select Sector SPDR ETF (XLK), up
0.58%; iShares Dow Jones US Technology ETF (IYW), up 0.49%; iShares
S&P North American Technology ETF (IGM), up 0.52%; and iShares
S&P North American Technology-Software Index (IGV), up
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is up
0.72% and Semiconductor Sector Index Fund (SOXX) is up 1.53%.
SPDR S&P International Technology Sector ETF (IPK) is off
0.26% but near its 52-week high.
In sector news, ASML Holding N.V. (ASML) is now up 8.16%,
reaching a new 52-week high of $69.40. The company earlier reported
Q4 EPS of EUR 0.65, ex one-time items, versus the Capital IQ
consensus of EUR 0.43. Revenues were $1.023 bln, versus the analyst
estimate of $1.016 bln. The company expects Q1 net sales of EUR 850
mln, versus the analyst estimate of EUR 1.11 bln.
Industrial ETFs are firmer, reaching new 52-week highs: Vanguard
Industrials (VIS), up 0.91%, with a new 52-week high of $74.26;
iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ), up
0.79%, with a new 52-week high of $76.37; and Select Sector
SPDR-Industrial (XLI), up 0.87%, with a new 52-week high of
Among stocks, Insteel Industries (IIIN) is up 7.42%, nearing its
52-week high, after it reported Q1 earnings of $0.13 per share,
versus the Capital IQ consensus of $0.04. Revenues were $85.9 mln,
versus the analyst estimate of $80.54 mln.
Dow Jones U.S. Energy Fund (IYE) is up 0.91% and Energy Select
Sector SPDR (XLE) is up 0.79%.
In sector news, Forum Energy Technologies Inc. (FET) is now down
6.32% after the company lowered its full-year 2012 earnings
guidance. It now expects earnings per diluted share of $1.72 to
$1.74, below its previous guidance range of $1.83 to $1.88. The
company scheduled a conference call to discuss its fourth quarter
2012 financial results on February 15, 2013 at 9:00 AM CST.
Crude was up 1.26%. United States Oil Fund (USO) is up
Natural gas was up 1.22%, reaching new session highs following
inventory data, which showed a draw of 148 bcf, better than the
expectations for a draw of 136 bcf to 137 bcf. United States
Natural Gas Fund (UNG) is up 1.42%.
Gold was up 0.29%; likewise, silver was up 0.75%. Among rare
metal funds, SPDR Gold Trust (GLD) is down 0.53%; iShares Silver
Trust (SLV) is up 0.95%.
Healthcare ETFs are in the positive territory at mid-day, and
touching new52-week highs: Health Care SPDR (XLV), up 0.79%, with a
new 52-week high of $42; Vanguard Health Care ETF (VHT), up 0.83%,
with a new 52-week high of $75.61; and iShares Dow Jones US
Healthcare (IYH), up 0.70%, with a new 52-week high of $87.96.
Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is up
In corporate news, AVEO Pharmaceuticals, Inc. (AVEO) is down
5.23% after it priced its previously announced underwritten public
offering of 6,667,000 shares of its common stock at a price of
$7.50 per share to the public. The offering is expected to close on
or about January 23, 2013, subject to the satisfaction of customary
Consumer ETFs are higher in mid-day trading: Consumer Staples
Select Sector SPDR (XLP), up 0.58%, near the 52-week high; iShares
Dow Jones US Consumer Goods (IYK), up 0.66%, with a new 52-week
high of $78.76; and Vanguard Consumer Staples ETF (VDC), up
Retail ETFs are also firmer: SPDR S&P Retail (XRT), up
0.45%; PowerShares Dynamic Retail (PMR), up 0.55%; and Market
Vectors Retail ETF (RTH), up 0.62%, with a new 52-week high of
In sector news, K-Swiss (KSWS) is now up 48.12% and touched a
new 52-week high of $4.73. Korean fashion conglomerate E.Land World
Ltd. entered into a definitive agreement to acquire the company for
$4.75 per share in cash, or a total equity value of approximately
Power Play -
Select Financial Sector SPDRs (
) is up 0.03%, with a new 52-week high of $17.17. Direxion Daily
Financial Bull 3X shares (FAS) is up 0.41%, with a new 52-week high
of $137.53. Its bearish counterpart, FAZ, is up 0.84%, touching a
new 52-week low of $13.04. SPDR KBW Regional Banking (KRE), which
tracks regional banks, is also up 1.19%.
Despite gains for financial ETFs, active financial stocks have
been edging lower on disappointing earnings. Citibank (C) and Bank
of America (BAC) are both in the red, down 2.97% and 3.90%,
In financial news, JPMorgan Chase & Co. (JPM) shares are now
down 0.73% but earlier hit a new 52-week high of $46.87. Reuters
reported that the company has reached an out-of-court settlement
over its lawsuit against Javier Martin-Artajo. Martin-Artajo was
the former supervisor of Bruno Iksil, the trader known as the
"London Whale" for massive bets he made that cost the bank $6.2
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