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

iShares MSCI Emerging Index Fund ( EEM ): +0.4%

VelocityShares 3x Long Natural Gas ETN ( UGAZ ): -14%

SPDR Select Sector Fund - Financial ( XLF ): +0.5%

SPDR S&P 500 ( SPY ): +0.4%

ProShares Trust Ultra VIX Short Term Futures ETF ( UVXY ): -6.5%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM and IVV were firmer. Actively traded PowerShares QQQ (QQQ) was up 0.5%.

U.S. stocks were higher at session's half, ahead of a meeting between President Donald Trump and congressional leaders aimed at averting a government shutdown.

The Dow Jones Industrial Average is being kept afloat by a rally in General Electric (GE) and Boeing (BA), and also making the industrial sector one of the best performing sectors in the S&P 500.

In economic news, initial jobless claims fell by 2,000 in the latest survey week to 236,000, beating expectations for an increase of 2,000 to 240,000.

Power Play: Industrial

Industrial funds Vanguard Industrials (VIS), iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ), and Select Sector SPDR-Industrial (XLI) were higher.

General Electric's (GE) GE Power unit is cutting 12,000 jobs from its global workforce as part of the industrial conglomerate's bid to reduce costs after it slashed its dividend last month. The workforce reductions will enable Schenectady, New York-based GE Power to hit its target of $1 billion in structural cost cuts in 2018, according to a statement on Thursday. The cuts will affect both professional and production employees at the company that says it generates more than 30% of the world's electricity. GE shares rose 0.9%.

Winners and Losers

Financial

Select Financial Sector SPDRs ( XLF ) was up 0.5%. Direxion Daily Financial Bull 3X shares (FAS) was up 1.6% and its bearish counterpart, FAZ, was down 1.6%.

XL Group (XL) was down 1.6% after the company said it and its subsidiaries are forecasting losses associated with natural catastrophes for Q4 through Dec. 1 at approximately $250 million with approximately $200 million of this is associated with the California wildfires from the company's reinsurance segment. The company said the preliminary estimate is pre-tax and net of reinsurance, reinstatement and adjustment premiums and redeemable non-controlling interest. XL Group also reconfirmed its previously disclosed overall net losses related to Q3 catastrophes at approximately $1.48 billion on a pretax basis, or $1.35 billion after tax. It noted that actual losses may differ materially from these preliminary estimates given that facts are still developing and there is considerable uncertainty associated with the loss estimates for these events.

Technology

Tech funds 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 higher.

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was up 1.2% while Semiconductor Sector Index Fund (SOXX) was up 0.9%.

Digital Power (DPW) rose 22.6% after the company said it has increased its revenue guidance for 2018 to a new range of $36 million - $38 million from the previous range of $23.5 million to $25 million. Revenues for Q4 is still expected to be $4.2 million - $4.9 million. Separately, the company denied that it has received any orders or entered into any deal with Amazon.com (AMZN). The company said there has been rumors that it has signed a deal worth $450 million with Amazon for hardware related to cryptocurrency. "While DPW has made moves towards entering the cryptocurrency and digital mining spaces and has disclosed its activities in recent press releases and will continue to do so, DPW categorically denies the validity and accuracy of any such rumors," the company said.

Energy

Dow Jones US Energy Fund (IYE) was up 0.3% and Energy Select Sector SPDR (XLE) was up 0.2%.

Tallgrass Energy Partners (TEP), a provider of oil and gas transportation services, said Thursday that along with Tallgrass Energy Finance, a unit of TEP, it will offer $250 million of their 5.50% senior notes due 2028 in a private placement to eligible purchasers. The additional notes are an additional issue of TEP's existing 5.50% senior notes due 2028 that TEP issued in an aggregate principal amount of $500 million in a private placement on Sept. 15. The additional notes will be issued under the same indenture as the existing notes, will be treated as a single class of debt securities with the existing notes and will have identical terms, other than the issue date and offering price, the company said in a statement. TEP was down 0.7%.

Commodities

Crude was up 1.1%. United States Oil Fund (USO) was up 1.2%. Natural gas was down 5.2% while United States Natural Gas Fund (UNG) was down 4.2%

Gold was down 0.9%. SPDR Gold Trust (GLD) was down 0.9%. Silver was down 1%, while iShares Silver Trust (SLV) was down 1.4%.

Health Care

Health care funds Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare (IYH), were higher. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was down 1.7%.

Myomo (MYO) climbed more than 17% after the medical robotics company last night said the underwriter for its recent follow-on stock offering exercised options to buy 626,250 more shares, generating an extra $1.5 million in gross proceeds for Myomo.

Consumer

Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were weaker.

Consumer Discretionary Select Sector SPDR (XLY) and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were in the green.

Tailored Brands (TLRD) rose more than 13% after the retailer posted forecast-beating results and upbeat outlook for the full year. Q3 adjusted diluted EPS was $0.75, easily beating analysts' estimate of $0.54 in a Capital IQ poll, and up from $0.71 a year earlier. Revenue rose to $810.82 million from $846.93 million a year ago, also exceeding the $807.51 million estimate. For the full year, the company expects adjusted diluted EPS of $2.03 to $2.08, compared with consensus of $1.84 for the year.

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