Active broad-market exchange-traded funds in Wednesday's regular
SPDR S&P 500 (
iPath S&P 500 VIX ST Futures ETN (
Select Financial Sector SPDRs (
iShares Russell 2000 Index (
Select Industrial Sector SPDRs (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM and IVV
were mostly higher. Likewise, actively traded PowerShares QQQ (QQQ)
was edging higher.
U.S. stock futures are pointing to a higher open ahead of
jobless claims data and the beginning of a meeting of central
bankers in Jackson Hole. Initial jobless claims for the week ended
August 16, due at 8:30 a.m. ET, are expected to see a decrease of
11,000 to 300,000. Federal Reserve Chair Janet Yellen will speak at
the Jackson Hole meeting on Friday with investors looking for clues
on how authorities plan to balance the winding down of economic
stimulus with continued support for the economy.
Power Play: Health Care
Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH)
and Vanguard Health Care ETF (VHT) were inactive and ended in the
red Wednesday, while Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) was up 0.22%.
Astrazeneca (AZN) firms after Bloomberg reports that Pfizer
(PFE) isn't giving up on striking an overseas takeover to cut its
tax rate and gain a new pipeline of drugs, even as the potential
cost of an AZN buyout rises.
PFE abandoned a 69.5-billion-pound ($116 billion) effort to buy
London-based AZN on May 26, and under U.K. takeover rules it can
make the first steps toward a renewed bid next week, on Aug. 26.
While it weighs that approach, PFE also is looking at other
possible targets, including Actavis Plc (ACT), said people familiar
with the matter, the story said.
Winners and Losers
Select Financial Sector SPDRs (
) was flat. Direxion Daily Financial Bull 3X shares (FAS) was up
0.33% while its bearish counterpart, FAZ, was down 0.3%.
Coverage of investment management company AllianceBernstein
Holding L.P (AB) has been initiated by analysts at Jefferies with a
hold rating and a price target of $27 a share.
In Thursday's pre-market session, shares of AB are unchanged
from their Wednesday close of $26.76, and trade within a 52-week
range of $19.25 - $28.18.
Technology Select Sector SPDR ETF (XLK), 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 inactive after closing mostly lower. SPDR S&P
International Technology Sector ETF (IPK) also closed lower and is
inactive so far.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) bucked the trend among tech
ETFs to close higher Wednesday, but are unchanged so far
Shares of Chinese online marketer 58.com (WUBA) were falling in
this morning's pre-market trade after forecasting revenue during
the current quarter trailing Wall Street expectations, upstaging Q2
adjusted earnings and revenue that beat the analyst consensus.
For the current quarter ending next month, the company is
projecting revenue in a range of $66 million to $68 million,
representing as much as 63% growth over the same quarter last year
but trailing the Street view expecting over 74% growth by at least
$4.6 million. The shares are down more than 6%.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) turned around to end higher Wednesday and are unchanged
Oil States International (OIS) shares advanced in late trading
after the energy services company announced an extension of its
stock buyback authorization to September 1, 2015.
Shares of the Houston, Texas-based company rose as much as 1% to
$63.33. The stock has slumped 38% through the close of regular
trading on Wednesday. This authorization replaces the prior share
buyback authorization which was set to expire on September 1,
Crude was down 0.7%; United States Oil Fund (USO) fell 0.6%.
Natural gas was up 2.2% and United States Natural Gas Fund (UNG)
Gold was down 1.17%, while silver was down 0.7%. Among rare
metal funds, SPDR Gold Trust (GLD) was down 0.8% and iShares Silver
Trust (SLV) fell 0.5%.
Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US
Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) were
inactive after a mixed close.
Dollar Tree (DLTR), a discount retailer, reported adjusted Q2
EPS that missed Wall Street's expectations even as same-store sales
increased 4.5%. Net income fell to $121.5 million in the 13-week
ended August 2, from $126.1 million a year earlier. Diluted EPS
increased by 5.4% to $0.59.
Excluding acquisition-related costs, diluted Q2 EPS increased
8.9% to $0.61, trailing the $0.64 average estimate of 24 analysts
surveyed by Capital IQ. The shares are down almost 2%