Active broad-market exchange-traded funds in Monday's regular
SPDR S&P 500 ETF Trust (
): +0.14%, but with new 52-week highs
iShares MSCI Emerging Markets Index (
iPath S&P 500 VIX Short Term Futures TM (
): -1.17%, earlier hit 52-week low
iShares Russell 2000 Index (
): +0.95%, with new 52-week highs
PowerShares QQQ Trust, Series 1 (
): -0.12%, near 52-week highs
Broad Market Indicators
Many broad-market exchange-traded funds, including SPY, IWM, IVV
and others have trimmed gains after reaching new 52-week highs
earlier. Actively traded PowerShares QQQ (
) was down 0.12%, near 52-week highs.
U.S. stocks are lower despite a 1.7% jump in factory orders for
September to $490.8 billion, in line with forecasts. For August,
factory orders fell 0.1%, while July factory orders were revised to
a decline of 2.8%. Earlier gains, which came following comments
from St. Louis Fed President James Bullard, had fizzled out as
investors await more U.S. economic data - the October payrolls
report and the advance estimate of Q3 GDP - within the week.
Power Play: Technology -
Technology Select Sector SPDR ETF (XLK) was up 0.15%, hitting a
new 52-week high. Other tech ETFs 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) were
also firmer - hitting or near new 52-week highs.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
up 0.47% while Semiconductor Sector Index Fund (SOXX) was down
0.22%. SPDR S&P International Technology Sector ETF (IPK) was
Among stocks, BlackBerry Ltd. (BBRY, BB.TO) continued to sink,
reaching a new 52-week low of $6.40 and was down some 17% at last
check. The struggling mobile-phone company said it was abandoning
plans for a sale. Instead, Fairfax Financial Holdings Ltd. (FFH.TO)
and other institutional investors will invest in BBRY through a $1
billion private placement of convertible debentures. CEO Thorsten
Heins also agreed to step down in a a management shakeup that will
also result in a new board chairman joining the company.
Winners and Losers
Select Financial Sector SPDRs (XLF) was up 0.05%, near its
52-week high. Direxion Daily Financial Bull 3X shares (FAS) was
down 0.09%. Its bearish counterpart, FAZ, was up 0.12% after
sinking to a new 52-week low.
Among financial stocks, shares in Realogy Holdings (RLGY) were
up nearly 7% after the residential real-estate company reported net
revenue for Q3 was $1.55 billion, a 21% increase compared to the
same period in 2012. Adjusted earnings per share was $1.02, up from
a $4.24 per share loss a year prior. Analysts estimates were not
Dow Jones U.S. Energy Fund (IYE) was up 0.82% and Energy Select
Sector SPDR (XLE) was up 0.63% - with both reaching new 52-week
In sector news, Tesco Corporation (TESO), technology provider to
the energy industry, was up 5% after it reported Q3 net income of
$11.7 million, or $0.29 per diluted share, up from $9 million, or
$0.23 per diluted share, in the prior-year period. Revenues totaled
$132.2 million, up from $126.4 million for the comparable period in
2012. No analyst estimates were available for comparison.
Crude was up 0.21%; United States Oil Fund (USO) was up 0.21%.
Natural gas was down 2.377%, and United States Natural Gas Fund
(UNG) was down 1.5%.
Gold was up 0.34%, and SPDR Gold Trust (GLD) was up 0.2%. Silver
was down 0.17%; iShares Silver Trust (SLV) was down 2.58%.
Health Care SPDR (XLV) was down 0.04%, but reached a new 52-week
high; Vanguard Health Care ETF (VHT) and iShares Dow Jones US
Healthcare (IYH) were higher, with fresh new 52-week highs. Biotech
ETF iShares NASDAQ Biotechnology Index (IBB) was up 0.2%.
Among stocks, Achillion Pharmaceuticals Inc. (ACHN) was up
nearly 15% after the biopharmaceutical company over the weekend
released an encouraging preclinical profile of ACH-3422, a
potential treatment of chronic hepatitis C viral infection or HCV,
with its first-in-human and proof-of-concept trials expected in the
first half of 2014. The preclinical profile detailed the potent and
specific inhibition of HCV NS5B polymerase by ACH-3422, the
demonstrated low risk for mitochondrial toxicity, and high
efficiency in the conversion of ACH-3422 into the triphosphate
within human hepatocyte cell lines, the company said.
Select Sector SPDR-Industrial (XLI) was up 0.2%, and posted a
new 52 week high. iShares Trust Dow Jones U.S. Industrial Sector
Index Fund (IYJ) and Vanguard Industrials (VIS) both also reached
new 52-week highs.
Among stocks, Delta Air Lines (DAL) was up 4.20% and hit a new
record high after the company said October consolidated passenger
unit revenue (PRASM) rose 2% year-over-year, driven by a strong
trans-Atlantic performance and business demand in Delta's Atlanta
and New York hubs. The company said the projected December quarter
fuel price per gallon is between $3.03 and $3.08.
Consumer Staples Select Sector SPDR (XLP) was flat but hit a new
52-week high of $42.71; Vanguard Consumer Staples ETF (VDC) and
iShares Dow Jones US Consumer Goods (IYK) inched higher, also with
ne 52-week highs.
Among stocks, Kellogg (K) was up 1.78% after the maker of
ready-to-eat cereal and convenience foods, reported
better-than-expected Q3 EPS and in-line revenue. The company also
provided its EPS guidance for 2013, which possibly limits gains for
the stock. Adjusted EPS rose 2.2% year-over-year to $0.95, beating
the Capital IQ consensus of $0.89. Net sales were $3.7 billion, in
line with analysts' estimate. Year-ago net sales were also $3.7
billion. For 2013, the company expects 2013 earnings to be at the
lower-end of its previous guidance of $3.75-$3.84 per share.
Analysts polled by Capital IQ are looking for $3.77. Net sales
growth is expected to be between 4% and 5%.