ETF Preview: ETFs, Futures Weaker Ahead of August Jobs Opening, Consumer Credit Data

Active broad-market exchange-traded funds in Tuesday's pre-market session:

SPDR S&P 500 ( SPY ): -0.24%

iShares MSCI Emerging Markets Index ( EEM ): -0.07%

iShares MSCI Brazil Index ( EWZ ): +1.11%

Market Vectors Gold Miners ( GDX ): - 0.28%

iPath S&P 500 VIX Short Term Futures ( VXX ): +1.20%

Broad-Market Indicators

Broad-market exchange-traded funds, including SPY, IWM, IVV and others, were lower. Actively traded PowerShares QQQ (QQQ) is down 0.15%.

U.S. stock futures are also weaker ahead of Tuesday's open, with only a couple of data releases on tap. August jobs opening data will be due out at 10 am ET, while August consumer credit will be reported at 3 pm ET.

Speeches from Federal Reserve officers are likely to be in focus: Minneapolis Fed President Narayana Kocherlakota, a voting member of the Fed policy committee, will give a talk at 2:30 pm ET at Rapid City, South Dakota, while Simon Potter, head of the markets group at the New York Fed, will speak at a conference in New York at 4:30 pm ET.

Power Play: Consumer

Consumer Staples Select Sector SPDR (XLP) was down 0.57% in pre-market trading , while other consumer funds iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were inactive.

SPDR S&P Retail (XRT) , PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were also quiet in the pre-market session.

Christopher & Banks (CBK) shares tumbled 23.19% after the women's apparel retailer cut its fiscal Q3 outlook, citing weaker-than-expected traffic and sales. It now expects total net sales for fiscal Q3 to be in the range of $114 million to $118 million, down from its prior guidance of between $122 million to $124 million, and below the year-earlier period's $118.1 million. Analysts polled by Capital IQ were predicting $124 million. The company also cut the high end of its expected range of gross-margin improvement, now seeing an improvement of about 75 to 100 basis points from the year-earlier period, compared with prior guidance for improvement of 75 to 125 basis points.

Winners and Losers


Select Financial Sector SPDRs (XLF) was down 0.13%. Direxion Daily Financial Bull 3X shares (FAS) was down 0.67% while its bearish counterpart, FAZ was up 0.79%.

Hackers who breached JPMorgan Chase & Co's (JPM) computer network also tried to infiltrate other financial institutions, the Wall Street Journal reported. Federal officials have asked financial institutions to check whether they had seen indications of a cyberattack, the Journal said. It didn't name the institutions or how many were involved. An undisclosed number of financial institutions responded that they had seen traffic from the suspect computer addresses linked to the hackers, but that they did not believe their systems had been breached, it said. Last week, J.P. Morgan said that contact information had been compromised for about 76 million households world-wide by the hacking incident. JPM shares were down 0.15%.


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. SPDR S&P International Technology Sector ETF (IPK) was also unchanged.

Semiconductor ETFs SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were also flat.

Tower Semiconductor (TSEM) was up 1.61% after it said it has developed a CMOS image sensor in collaboration with the Korea Electrotechnology Research Institute, a non-profit government-funded research institute in the Republic of Korea, that is ready for the commercial market. The maker of integrated circuits said KERI has agreements with commercial companies for technology transfer and detailed plans are under discussion. It added that KERI expects mass production to begin in 2015 for this CMOS image sensor and that sales revenue could easily reach over $10 million per year once ramp up occurs.


Dow Jones U.S. Energy Fund (IYE) was flat while Energy Select Sector SPDR (XLE) was down 0.17% in pre-market trading.

Shares of Rex Energy Corp. (REXX) climbed over 4% in pre-market trade Tuesday after the oil and gas company said it will join the S&P SmallCap 600, replacing GT Advanced Technologies (GTAT), which is no longer eligible as it filed for bankruptcy protection Monday. REXX will join the S&P SmallCap 600 after the close on Wednesday, October 8. The company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Oil & Gas Exploration & Production Sub-Industry index.


Crude was down 0.29%. United States Oil Fund (USO) was down 0.26%. Natural gas futures was down 0.38%. United States Natural Gas Fund (UNG) was down 0.43%.

Gold was down 0.02% while silver was up 0.64% . Among rare metal funds, SPDR Gold Trust (GLD) was down 0.08% while iShares Silver Trust (SLV) was down 0.06%.

Health Care

Health Care SPDR (XLV) was down 0.59% while other health care funds Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare (IYH) were flat. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was also quiet.

IsoRay (ISR) was up 37.68% after the manufacturer of isotope-based medical products for the treatment of cancer and other malignant diseases said "excellent results" were achieved by a 7-year-old Peruvian girl who received Cesium-131 seed via a stereotactic implant for inoperable glioblastoma brain tumor. The company said in March 2014, the Peruvian girl was diagnosed with a potentially life-threatening brain cancer known as a glioblastoma multiforme, with a 2.7 centimeter tumor located very close to the brainstem, making surgical removal too risky to attempt. External whole brain radiation therapy and chemotherapy resulted in no improvement to the patient's worsening condition, it noted.

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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