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ETF Preview; Broad Market ETFs Gain Ahead of Retail Sales Data

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

SPDR S&P 500 ( SPY ): +0.79%

iShares Russell 2000 Index ( IWM ): +2.07%

PowerShares QQQ Trust, Series 1 ( QQQ ): +1.35%

Direxion Daily Small Cap Bear 3X Shares ( TZA ): -6.22%

iShares MSCI Emerging Markets Index ( EEM ): +1.24%

Pre-Market Movers

RUSL +5.1%

DUST +1.5%

RUSS -5.5%

RUGT - 1.5%

SCO -0.9%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM and IVV were higher pre-bell after rising on Monday. Actively traded PowerShares QQQ ( QQQ ) just in the green.

U.S. stock futures were mostly flat Tuesday ahead of key retail data, after the Dow Jones and the S&P 500 closed at record highs on Monday. U.S. retail sales (8:30 a.m. ET) are poised for a third month of big gains in April, following a winter sales hit in December and January that has only now been unwound. Expectations are for increases of 0.4% for the headline and 0.6% ex-autos. Meanwhile, April import prices (8:30 a.m. ET) are expected to rise 0.4% (consensus range -0.4% to 0.6%) while export prices are seen rising 0.2% (consensus range -0.2% to 0.3%).

Power Play: Health Care

Health Care SPDR (XLV) iShares Dow Jones US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were inactive, but closed higher Monday. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was up 0.47%.

In corporate news, NeoStem, Inc. (NBS) said it has signed an exclusive license agreement with China-based Cellular Biomedicine Group to begin a Phase 2 clinical trial in patients with late stage liver cancer that could result in up to $30 million in milestone fees. Neostem shares are up more than 2% pre-market at $5.11 with a 52-week range of $4.56 - $9.89.

Winners and Losers

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 unchanged pre-market after climbing on Monday. SPDR S&P International Technology Sector ETF (IPK) is also flat and closed higher.

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were inactive after a higher close.

In corporate news, Wix.Com (WIX) is higher in pre-market trading after the company reported better-than-expected financial results for Q1 and raised its fiscal 2014 financial outlook for collections and revenues. Shares are up 6.14% at $18.50, with a 52-week range of $16.19 - $32.69.

Financial

Select Financial Sector SPDRs (XLF) edging up 0.09%. Direxion Daily Financial Bull 3X shares (FAS) was flat after turning lower after hours. Its bearish counterpart, FAZ, is down 0.2% pre-market.

Among sector news, City Office REIT (CIO) received a buy investment rating from Janney Capital Markets, which initiated coverage of the office-properties acquirer, owner and operator with a $15 fair-value estimate. "The key to our thesis is primarily the company's ability to source new investment opportunities in its target markets to drive" growth in funds from operations per share, the firm said in a note to clients.

Energy

Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR (XLE) were unchanged and closed higher Monday.

Among stocks, Encana (ECA, ECA.TO) Tuesday reported it swung to net earnings of US$116 million for Q1 ended March 31, 2014 from a net loss of US$431 million in the same period last year. Operating earnings, a non-GAAP measure, was US$515 million, or US$0.70 per diluted share, up sharply from operating earnings of US$179 million, or US$0.24 per diluted share, a year earlier. The Capital IQ consensus is for non-GAAP diluted EPS of US$0.52.

Commodities

Crude was up 0.54%; United States Oil Fund (USO) unchanged. Natural gas gained 0.56% and United States Natural Gas Fund (UNG) was up 0.5%.

Gold was down 0.3% and silver was down 0.37%. Among rare metal funds, SPDR Gold Trust (GLD) was down 0.36% and iShares Silver Trust (SLV) was down 0.4%.

Consumer

Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were all inactive pre-market.

Among stocks, CST Brands (CST), retailer of transportation fuels and convenience goods in North America, Tuesday reported net income of $11 million, or $0.14 per diluted share, down sharply from a net income of $23 million, or $0.30 per diluted share, a year earlier. The Capital IQ consensus is for diluted EPS of $0.19, if comparable. Revenue slipped to $3 billion from $3.2 billion, but is still in line with Street view, after motor fuel sales in U.S. and Canada declined by $136 million and $56 million, respectively.

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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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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