ETF Preview: Broad Market ETFs Fall in Line With Stock Futures: Russia Bull Funds Tank, Bear Funds Gain

Active broad-market exchange-traded funds in Friday's regular session:

SPDR S&P 500 ( SPY ): +0.74%

iShares Russell 2000 Index ( IWM ): +1.26%

iShares MSCI Emerging Markets Index ( EEM ): +1.64%

iPath S&P 500 VIX ST Futures ETN ( VXX ): -6.24%

PowerShares QQQ Trust, Series 1 ( QQQ ): +1.08%

Pre-Market Movers

AGF +9.33%

RUSS +8,66%

RUSL -7%

UNG -2.1%

TNA -1.5%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM and IVV are lower pre-market on Monday; actively traded PowerShares QQQ ( QQQ ) fell 0.2%. The Direxion Daily Russia Bull Fund (RUSL) was the worst-performer amid escalating tension in the Ukraine, while its bearish counterpart, the Direxion Daily Russia Bear (RUSS) jumped.

U.S. stock futures are pointing to a lower open Monday as international condemnation grows over the downing of a Malaysian airliner by Russia-backed rebels in the Ukraine. The situation has raised the spectre of further sanctions against Russia, posing a potential risk to growth.

Power Play: Technology

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) are inactive pre-market after rising Friday. SPDR S&P International Technology Sector ETF (IPK) was also unchanged.

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) are also inactive pre-bell after a higher close.

BlackBerry (BBRY, BB.TO) added about 1% in recent U.S. pre-market trading on Monday after appointing Marty Beard as chief operating officer, responsible for cross-functional organizations, including Marketing, BlackBerry 10 application development, customer care and quality. His appointment is effective immediately.

BBRY closed at $10.04 on Friday, in a 52-week range of $5.44 - $12.18.

Winners and Losers


Select Financial Sector SPDRs (XLF) was down 0.57%. Direxion Daily Financial Bull 3X shares (FAS) was unchanged while its bearish counterpart, FAZ, was up 0.5%.

SunTrust Banks (STI) was up 1.3% after it reported Q2 results that were up from the same period in 2013 and beat analyst expectations, fueled by growth in loans.

Q2 EPS of $0.81 was up from $0.68 per share in Q2 2013 and surpassed analyst estimates of $0.77. Total revenue was $2.20 billion, up from $2.10 billion in Q2 2013 and beating analyst projections of $2.07 billion.

Finally, Community Bank System (CBU) reported Q2 results above analysts' expectations and the bank-holding company increased its quarterly dividend rate by 7.1%. Net income was $23.7 million, or $0.57 per share, up from $21.1 million, or $0.52 per share. Analysts polled by Capital IQ were looking for a profit of $0.54 per share.


Dow Jones U.S. Energy Fund (IYE) is flat, while Energy Select Sector SPDR (XLE) is edging into the green.

NRG Energy (NRG) said it bought the 4 megawatt Spanish Town Estate Solar project on the island of St. Croix in the U.S. Virgin Islands from Toshiba International Corporation. It provided no financial details. Once completed, the power will be sold to the U.S. Virgin Island Water and Power Authority under a 25-year power purchase agreement. The project also is expected to help the USVI achieve their renewable energy goals to reduce its fossil fuel based energy consumption by 60 percent over the next 10 years.


Crude was down 0.08%; United States Oil Fund (USO) rose 0.5%. Natural gas dropped 2.1% and United States Natural Gas Fund (UNG) declined 2.1%.

Gold rose 0.7%, and silver was up 1.2%. Among rare metal funds, SPDR Gold Trust (GLD) gained 0.5% and iShares Silver Trust (SLV) is up 1.1%.


Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) are unchanged. They all closed higher on Friday.

Campbell Soup Co. (CPB) has reaffirmed its full-year guidance for fiscal 2014 of growth of 3% in net sales and for adjusted EPS growth at the low end of the 2 to 4% range, but says its 2015 sales may fall short of long-term goals. President and CEO Denise Morrison, will meet with investors Monday, to outline plans to drive growth in 2015, which includes the launch of more than 200 new products. The company has also reiterated its long-term targets of 3 to 4% organic sales growth 4-6% adjusted EBIT growth and 5-7% adjusted EPS growth. However, it warned its performance in 2015 is likely to fall short of targets and it may need to further "reshape" its portfolio to achieve its aims.

Health Care

Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH) and Vanguard Health Care ETF (VHT) closed higher Friday and are inactive so far pre-bell. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is also unchanged after a higher close.

Cancer Genetics (CGIX) has signed a definitive agreement to acquire privately-held Gentris Corporation, a provider of clinical pharmacogenomics, sequencing, and biomarker testing. The company expects the acquisition to add approximately $5 to $6 million in annual sales, and bring its biopharma revenue backlog to $18 million.

Gentris provides genomic testing and pharmacogenomics services to fiveof the top ten biopharma companies globally and has participated and performed genomic analysis for over 1,000 clinical trials. The company has operations in Raleigh, North Carolina and Shanghai, China.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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