Notable ETF Movers of the Day 01/07: OIH, USO, XHB Higher; XLF, FXI, UNG Lower

• Oil Services HOLDRs (NYSE: OIH) up 2.09% to $139.29. Being led by Baker Hughes (NYSE: BHI) today, which is soaring 4.74% today as Goldman Sachs upgraded the shares from Neutral to Buy, setting a price target of $70 on the stock.
  
  
• United States Oil (NYSE: USO) up 0.82% to $37.99. Oil may be seeing a jump today as economic data points to an increase in nonfarm payrolls by 103K. The better number is a 3 point drop in the unemployment rate from 9.7% in November to 9.4% last month. More workers communing to work, as well as infrastructure projects and further economic expansion, points to more crude use.
  
  
• SPDR S&P Homebuilders (NYSE: XHB) up 0.34% to $17.75. The ETF today seeing a boost from KB Home (NYSE: KBH), who reported their Q410 earnings today, and topped estimates for the most part. An EPS of $0.23 included a $2 million benefit, but revs of $451 million outshone estimates calling for revs of $442 million.

• Financial Select Sector SPDR (NYSE: XLF) down 1.45% to $16.12. Lower today as Wells Fargo (NYSE: WFC) and US Bancorp (NYSE: USB) lost a foreclosure case in Massachusetts which said that two foreclosures were invalid because the banks couldn't prove that they owned the mortgages. Wells is feeling the ruling even more, being down 3.4%.
  
  
• iShares FTSE China 25 Index Fund (NYSE: FXI) down 1.00% to $43.53. Still feeling pressure from interest rate increase concerns, as the government moves to stem inflation. One bullish analyst on China, from S&P, said the Shanghai Composite Index could rise as much as 345 in 2011, as much of the interest rate concern is already priced in to the market, according to Bloomberg. She expects interest rates to increase three to four times in 2011.
  
  
• United States Natural Gas (NYSE: UNG) down 1.00% to $5.94. Nat gas futures lower as chillier weather straight though mid-January is already accounted for, and some predict warmer temps towards the end of the month an into February.

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