Notable ETF Movers of the Day 05/01: (TAN) (UNG) (XHB) Higher; (GLD) Lower
Gainers
- Guggenheim Solar (NYSE: TAN) up 4.92 percent to $23.24. The solar ETF moving higher as Citi upgraded two stocks in the sector and made positive comments on several others. For a little more color, click here.
- United States Natural Gas (NYSE: UNG) up 2.01 percent to $16.74. Natural gas futures staying strong as traders keep an eye on possible production cuts. Front month contracts are up $.053 to $2.338 per mmBtu.
- SPDR S&P Homebuilders (NYSE: XHB) up 2.53 percent to $22.06. Along with overall market sentiment Tuesday, Masco (NYSE: MAS) is adding some juice to the ETF. For its first-quarter, Masco reported EPS of 11 cents on revs of $1.9 billion, besting views calling for break even earnings and revs of $1.83 billion. Masco is up 6.5 percent on the session.
- SPDR Gold Shares (NYSE: GLD) down 0.22 percent to $161.53. Gold is lower as the U.S. dollar crawled higher following manufacturing data Tuesday. Earlier, the ISM Index for April moved 140 basis points higher to 54.8, beating views calling for a 53.0 reading, which would have been a month-over-month drop.
The stronger dollar makes gold more expensive to outside investors.
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