Notable ETF Movers of the Day 01/15: (XRT) (GLD) Higher; (XLK) Lower
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NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
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Gainers:
SPDR S&P Retail ETF (NYSE: XRT) gained 1.9 percent to 64.4. While strength was seen across the board, specialty retailer Genesco Inc. (NYSE: GCO) was a clear leader today, gaining 8 percent. This morning Genesco reported a 2 percent decline in comparable store sales. Genesco also guided to the low end of its range. However, the company's CEO said comparable sales trend so far in January have strengthened. He also said the planned two-week delay in the commencement of federal tax refunds recently announced by the IRS will likely shift some significant portion of sales from the last week of January into the first quarter of the new fiscal year. Express Inc. (NYSE: EXPR) is also higher today, jumping over 20 percent after boosting its Q4 outlook. More broadly, retails stock were lifted by positive retail sales data from the U.S. Census Bureau.
SPDR Gold Shares ETF (NYSE: GLD) gained 1 percent to 163. Today's spike in gold priced is being tied to fears of the U.S. debt ceiling. In an interesting development, Germany said it will be repatriating its gold reserves, which are currently stored in the U.S. and in France. Pimco's Bill Gross pondered what the move means for central banks. "Central Banks don’t trust each other?" twitted Gross.
Decliners:
Technology Select Sector SPDR (NYSE: XLK) declined 0.8 percent to 29.2. Many analysts and investors expect Apple (Nasdaq: AAPL) weakness to continue. Enough said.
SPDR S&P Retail ETF (NYSE: XRT) gained 1.9 percent to 64.4. While strength was seen across the board, specialty retailer Genesco Inc. (NYSE: GCO) was a clear leader today, gaining 8 percent. This morning Genesco reported a 2 percent decline in comparable store sales. Genesco also guided to the low end of its range. However, the company's CEO said comparable sales trend so far in January have strengthened. He also said the planned two-week delay in the commencement of federal tax refunds recently announced by the IRS will likely shift some significant portion of sales from the last week of January into the first quarter of the new fiscal year. Express Inc. (NYSE: EXPR) is also higher today, jumping over 20 percent after boosting its Q4 outlook. More broadly, retails stock were lifted by positive retail sales data from the U.S. Census Bureau.
SPDR Gold Shares ETF (NYSE: GLD) gained 1 percent to 163. Today's spike in gold priced is being tied to fears of the U.S. debt ceiling. In an interesting development, Germany said it will be repatriating its gold reserves, which are currently stored in the U.S. and in France. Pimco's Bill Gross pondered what the move means for central banks. "Central Banks don’t trust each other?" twitted Gross.
Decliners:
Technology Select Sector SPDR (NYSE: XLK) declined 0.8 percent to 29.2. Many analysts and investors expect Apple (Nasdaq: AAPL) weakness to continue. Enough said.
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William H. Gross, Pacific Investment Management Company, LLC (PIMCO), Notable ETF MoversSign up for StreetInsider Free!
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