Active broad market exchange-traded funds at mid-day:
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
Financial Select Sector SPDR (
): +1.68%, near its 52-week high
iShares MSCI Japan Index (
) +0.71% from near its 52-week high
iPath S&P 500 VIX Short Term Futures TM (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, continued to log gains. Actively traded PowerShares QQQ
(QQQ) is up 1.10%.
U.S. stocks were buoyed by upbeat earnings reports at session's
half, particularly a strong showing from the Tech sector, led by
Netflix (NFLX), which reported a Q1 profit beat late Monday.
Investors shook off global growth concerns and the weakest Markit
PMI reading in six months, focusing instead on housing data: new
home sales and FHFA pricing data were in line with expectations.
The spotlight will be on Apple (AAPL) in today's after-hours
session when the tech giant reports its earnings.
Winners and Losers
Select Financial Sector SPDRs (
) is up 1.68%. Direxion Daily Financial Bull 3X shares (FAS) was up
4.52%. Its bearish counterpart, FAZ, was down 4.38%.
Among financial stocks, Travelers Companies (TRV) was up 2.48%,
with a new 52-week high of $89 after the company reported Q1
earnings of $2.33 per share, ex one-time items, versus the Capital
IQ consensus of $2.03. Revenues were $6.3 billion, versus the
analyst estimate of $5.63 billion.
continued to post sharp gains: Technology Select Sector SPDR ETF
(XLK), up 1.39%; iShares Dow Jones US Technology ETF (IYW), up
1.62%; iShares S&P North American Technology ETF (IGM), up
1.39%; and iShares S&P North American Technology-Software Index
(IGV), up 1.31%.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
up 2.34% and Semiconductor Sector Index Fund (SOXX) was up
SPDR S&P International Technology Sector ETF (IPK) was
In sector news, Netflix (NFLX) climbed 24.44% and touched a new
52-week high of 219.38 after reporting late Monday Q1 revenue of
$1.02 billion and net income of $2.69 million, up from a $4.59
million loss the same quarter a year prior. EPS was $0.31 per
share. Analysts expected $0.20 per share in earnings on $1.02
billion in revenue, according to Capital IQ. The company added
about two million domestic subscribers in Q1. For the current
quarter, it expects subscriber counts to number about 29.4 to 30.05
million and EPS in a range of $0.23 to $0.48 per share. The Street
is at $0.29 per share.
Dow Jones U.S. Energy Fund (IYE) was up 0.81%. Energy Select
Sector SPDR (XLE) was up 0.97%.
In sector news, Total SA (TOT) was up 2.58% after the company
said it has signed a joint venture agreement with Qatar Petroleum
to build a $1.5 billion refinery, Fox Business News reports. The
joint venture will own a 10% stake, while four Japanese firms will
hold the remaining stake.
Crude was down 0.15%; natural gas was up 0.97%. United States
Oil Fund (USO) was down 0.31%. United States Natural Gas Fund (UNG)
was up 0.95%.
Gold was down 0.58% and silver was down 1.9%. Among rare metal
funds, SPDR Gold Trust (GLD) was down 0.94%; iShares Silver Trust
(SLV) was down 2.08%.
Healthcare ETFs were hitting new 52-week highs at mid-day:
Health Care SPDR (XLV), up 0.73%, with a new 52-week high of
$48.38; Vanguard Health Care ETF (VHT), up 0.79%, with a new
52-week high of $86.90; and iShares Dow Jones US Healthcare (IYH),
up 0.78%, with a new 52-week high of $101.63. Biotech ETF iShares
NASDAQ Biotechnology Index (IBB) was also pointing higher, up 0.83%
with a new 52-week high of $177.07.
In corporate news, Illumina (ILMN) was up 14.62% after it
reported late Monday that Q1 sales were $331 million, versus the
Street's estimate of $310.73 million. Non-GAAP EPS was $0.46, above
estimates for $0.39 EPS. The company also reiterated that it
expects a 2% - 4% impact as a result of sequestration although
further language suggests that impact will likely be limited.
Power Play -
Consumer ETFs were higher at mid-day: Consumer Staples Select
Sector SPDR (XLP), up 0.61%, with a new 52-week high of $41.42;
iShares Dow Jones US Consumer Goods (IYK), up 0.88%, with a new
52-week high of $87.30; and Vanguard Consumer Staples ETF (VDC), up
0.57%, with a new 52-week high of $104.62.
Retail ETFs were firmer, near their 52-week highs: SPDR S&P
Retail (XRT), up 1.22%; PowerShares Dynamic Retail (PMR), up 0.83%;
and Market Vectors Retail ETF (RTH), up 0.7% with a new 52-week
high of $50.59.
In sector news, Coach (COH) was up 11.54%, trimming earlier
gains of nearly 15% after reporting Q3 sales of $1.19 bln and EPS
of $0.84, vs. the analyst consensus on Capital IQ of $1.18 bln in
sales and earnings of $0.80 per share.
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