Active broad market exchange-traded funds at mid-day:
SPDR S&P 500 ETF Trust (
iShares MSCI Emerging Markets Index (
Financial Select Sector SPDR (
): -0.41%, near its 52-week high
iShares MSCI Japan Index (
PowerShares QQQ Trust, Series 1 (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, have turned weaker. Actively traded PowerShares QQQ (
) is down 0.62%.
U.S. stocks are slipping into negative territory at session's
half, reversing modest gains earlier in the morning trade. The
University of Michigan-Thomson Reuters reported that its consumer
sentiment gauge declined to 71.3 in January, below the forecast of
74.2, according to MarketWatch. While earnings from General
Electric (GE) and Morgan Stanley (MS) were generally upbeat, they
did little to life market sentiment.
Winners and Losers
Select Financial Sector SPDRs (
) is down 0.41%, near its 52-week high. Direxion Daily Financial
Bull 3X shares (FAS) is down 1.02%. Its bearish counterpart, FAZ,
is up 1.15%.
Among financial actives, State Street (STT) is up 5.76%,
reaching a new 52-week high of $54.17. The company reported Q4
non-GAAP earnings of $1.11 per share, versus the Capital IQ
consensus of $1.01. Non-GAAP revenues were $2.46 b
are in the red: Technology Select Sector SPDR ETF (XLK), down
0.58%; iShares Dow Jones US Technology ETF (IYW), down 0.75%;
iShares S&P North American Technology ETF (IGM), down 0.69%;
and iShares S&P North American Technology-Software Index (IGV),
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is
down 0.86%, and Semiconductor Sector Index Fund (SOXX) is down
SPDR S&P International Technology Sector ETF (IPK) is down
0.18%, but near its 52-week high.
In sector news, Wipro Limited (WIT) is down 6.86%. The IT
services company reported Q4 EPS of $0.13 on revenue of $1.996
billion. The Street was looking for EPS of $0.13 on revenue of
$2.01 billion. Shares are up 1% at $10.01 in pre-market.
Dow Jones U.S. Energy Fund (IYE) is down 0.05% while Energy
Select Sector SPDR (XLE) is up 0.03%.
In sector news, Schlumberger (SLB) is now 3.18% after it
reported Q4 earnings of $1.08 per share, ex one-time items, in line
with the Capital IQ consensus of $1.08. Revenues were $11.17 bln,
versus the analyst estimate of $10.8 bln.
Crude was down 0.36%; natural gas was up 0.69%. United States
Oil Fund (USO) is down 0.14%. United States Natural Gas Fund (UNG)
is up 0.87%.
Gold was down 0.14% and silver was up 0.19%. Among rare metal
funds, SPDR Gold Trust (GLD) is up 0.07%; iShares Silver Trust
(SLV) is up 0.42%.
Healthcare ETFs are weaker, but near their 52-week highs: Health
Care SPDR (XLV), down 0.14%; Vanguard Health Care ETF (VHT), down
0.20%; and iShares Dow Jones US Healthcare (IYH), down 0.37%.
Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is down
In corporate news, Life Technologies (LIFE) is up 10.51%, with a
new 52-week high of $62, after its board of directors retained
Deutsche Bank Securities Inc. and Moelis & Company LLC to
assist in its annual strategic review. The board of directors has
not decided on any specific course of action.
Consumer ETFs are lower, but trading at the higher end of their
52-week ranges: Consumer Staples Select Sector SPDR (XLP), down
0.14%; iShares Dow Jones US Consumer Goods (IYK), down 0.42%; and
Vanguard Consumer Staples ETF (VDC) down 0.22%.
In sector news, Johnson Controls (JCI) is down 3.79% after the
company reported Q1 earnings of $0.52 per share, versus the Capital
IQ consensus of $0.51. Revenues were $10.4 bln, versus the analyst
estimate of $10.25 bln. The company expects Q2 EPS of $0.40 -
$0.42, below the analyst estimate of $0.51 EPS. It reaffirmed its
previously released FY13 guidance of $2.60 - $2.70 EPS on revenues
of about $43.5 bln. The Street view is EPS of $2.63 on revenues of
Power Play -
Industrial ETFs are inching higher, touching new 52-week highs:
Vanguard Industrials (VIS), up 0.13%, with a new 52-week high of
$74.86; iShares Trust Dow Jones U.S. Industrial Sector Index Fund
(IYJ), up 0.13%, with a new 52-week high of $76.91; and Select
Sector SPDR-Industrial (XLI), up 0.05%; with a new 52-week high of
Among stocks, General Electric Company (GE) is steady higher,
now up 3% after it reported Q4 operating EPS of $0.44, vs. the
analyst consensus of $0.43 per share on Capital IQ. Revenues were
$39.3 billion, which is above the $38.7 billion consensus estimate.
In the same period last year, net income was $3.7 billion, or $0.37
per diluted share, on revenues of $38 billion.
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