Active broad-market exchange-traded funds in Monday's regular session:
SPDR S&P 500 ETF Trust ( SPY ): +0.22%, with a new 52-week high
Consumer Staples Select Sector ( XLP ): +1.2%, with a new 52-week high.
iShares MSCI Emerging Markets Index ( EEM ): +0.6%
iPath S&P 500 VIX Short Term Futures TM ( VXX ): +0.5%, earlier hit 52-week low
Market Vectors Gold Miners ( GDX ): +1%
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and others, continue to make gains, with some logging fresh new 52-week highs. Actively traded PowerShares QQQ (QQQ) has turned positive, near 52 week highs.
U.S. stocks were mixed to higher as upbeat earnings reports lent support, but mixed economic data put a dent on gains. September industrial production grew 0.6% in September - the largest monthly gain in seven months and beating analysts' forecasts, but including weak numbers for manufacturing and mining. Meanwhile, the National Association of Realtors reported that pending home sales fell 5.6% in September, its fourth straight month of declines. Investors are looking forward to Apple's (AAPL) earnings report in the after hours session, as well as the two day meeting of the FOMC, which starts Tuesday.
Power Play: Consumer -
Consumer Staples Select Sector SPDR ( XLP ), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) all touched fresh 52 week highs.
In sector news, Burger King (BKW) is up 5% and nearer 52 week highs after the company reported Q3 earnings of $0.23 per share, ex one-time items, compared with the prior-year period's $0.17 per share. Revenues were $275.1 million, down 39.6% from $455.7 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.21 on revenues of $261.66 million.
Winners and Losers
Select Financial Sector SPDRs (XLF) was down 0.12%, but still near its 52-week high. Direxion Daily Financial Bull 3X shares (FAS) has turned slightly down after earlier touching fresh new 52-week highs; its bearish counterpart, FAZ, was up 0.16%, recovering a bit after earlier hitting a new 52-week low.
Among financial stocks, Loews (L) was down 0.5% but remains near 52 week highs after it reported Q3 earnings of $0.73 per share, compared with the prior-year period's $0.45 per share. Analysts polled by Capital IQ were expecting EPS of $0.78, if comparable. Revenues were $3.7 billion, down from $3.71 billion in the same period last year. There were no analyst estimates for revenues.
Tech ETFs and stocks were trailing gains in the broader market. Technology Select Sector SPDR ETF (XLK) was up 0.3%, hitting a new 52-week high. Other tech ETFs iShares Dow Jones US Technology ETF (IYW) and iShares S&P North American Technology ETF (IGM) have returned to positive turf, both also hitting new 52-week highs. iShares S&P North American Technology-Software Index (IGV) was down 0.25%.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is now up 0.2% while Semiconductor Sector Index Fund (SOXX) was up 0.8%. SPDR S&P International Technology Sector ETF (IPK) was up 1.22%, near 52-week highs.
Among stocks, Chinese online game developer Changyou.Com Ltd (CYOU) was down 19% after guiding Q4 earnings below the analyst consensus by a wide margin. The downbeat guidance overshadowed CYOU reporting Q3 non-GAAP earnings of $1.37 per ADS, down from last year's $1.42 per ADS gain but beating estimates by $0.01 per ADS.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR (XLE) both reached new 52 week highs but were mixed at last look.
In sector news, Boardwalk Pipeline Partners (BWP) was down 2.8% after it reported Q3 earnings of $0.21 per share, compared with the prior-year period's $0.26 per share. Revenues were $275.5 million, up 1.8% from $270.6 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.26 on revenues of $294.95 million.
Crude turned positive, and was up 0.59%; United States Oil Fund (USO) was up 0.45%. Natural gas was down 3.14%, and United States Natural Gas Fund (UNG) was down 3.65%.
Gold was up 0.04%, and SPDR Gold Trust (GLD) was up 0.11%. Silver was down 0.33%; iShares Silver Trust (SLV) was up 0.1%.
Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare (IYH) have all turned back positive again and all have hit new 52-week highs. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) has also turned positive, and is near 52 week highs.
Among stocks, Dendreon Corp (DNDN) was up 8.6%, trimming earlier gains of some 19%, after a Bloomberg report said the company is seeking a buyer and have hired JPMorgan Chase & Co to help with the search. Citing unnamed people with knowledge of the situation, Bloomberg said the strategic shift resulted after the company's prostate cancer treatment drug sales failed to meet expectations.
Select Sector SPDR-Industrial (XLI) was flat when last looked at, but has posted a new 52 week high. Ditto for iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ). Vanguard Industrials (VIS) also reached new 52-week highs.
Among stocks, Roper Industries (ROP) continued to see weakness, and was down some 4.7% after it reported adjusted diluted earnings per share of $1.42, missing Street estimates. The company said it expects full-year adjusted diluted earnings per share to be in the range of $5.57 - $5.63 compared to its previous guidance of $5.72 - $5.8; analysts expected $5.77 for 2013. Q4 adjusted diluted earnings per share is expected to be $1.57 - $1.63, short of the $1.74 the Street estimated.
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