Notable ETF Movers of the Day 09/25: (RTH) Higher; (XME) (RSX) Lower
Tweet Send to a Friend
Gainers:
Market Vectors Retail ETF (NYSE: RTH) is higher by 0.3 percent to 45.17. Shares of Walgreen Co. (NYSE: WAG) gained 1.15 percent after analysts at Goldman Sachs added it to their conviction buy list. Analysts said they expect earnings growth to accelerate and that the stock had upside potential considering its low relative multiple.
Decliners:
SPDR S&P Metals & Mining (NYSE: XME) declined 1.9 percent to 43.47. Metals stocks continue to fall as investors trimmed positions for the second day in a row. On Monday Citi analysts cut their outlook for a number of metals and material names, triggering a selloff that has continued into Tuesday trading. A broad number of material stocks are trading lower today, including AK Steel (NYSE: AKS) which has declined 12 percent in the past 5 sessions.
Market Vectors Russia ETF (NYSE: RSX) declined 1.4 percent to 29.40. Equities in Russia, which are heavily weighted with energy stocks, declined as the price of crude oil continued its slide again today. The price of Brent futures hover near $110 per barrel, significantly lower than the recent high near $118. Yesterday Russia said it will consider easing extraction tax charges for hard-to-recover and depleted oil fields. Russia equities were initially higher following the report.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Market Vectors Retail ETF (NYSE: RTH) is higher by 0.3 percent to 45.17. Shares of Walgreen Co. (NYSE: WAG) gained 1.15 percent after analysts at Goldman Sachs added it to their conviction buy list. Analysts said they expect earnings growth to accelerate and that the stock had upside potential considering its low relative multiple.
Decliners:
SPDR S&P Metals & Mining (NYSE: XME) declined 1.9 percent to 43.47. Metals stocks continue to fall as investors trimmed positions for the second day in a row. On Monday Citi analysts cut their outlook for a number of metals and material names, triggering a selloff that has continued into Tuesday trading. A broad number of material stocks are trading lower today, including AK Steel (NYSE: AKS) which has declined 12 percent in the past 5 sessions.
Market Vectors Russia ETF (NYSE: RSX) declined 1.4 percent to 29.40. Equities in Russia, which are heavily weighted with energy stocks, declined as the price of crude oil continued its slide again today. The price of Brent futures hover near $110 per barrel, significantly lower than the recent high near $118. Yesterday Russia said it will consider easing extraction tax charges for hard-to-recover and depleted oil fields. Russia equities were initially higher following the report.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: 8x8 Inc. (EGHT) Misses Q4 EPS by 1c
- Best Buy (BBY) Posts Q1 adj.-EPS of 32c; Comps Down 1.1%
- Cisco Systems (CSCO) Tops Q3 EPS by 2c; Gross Margin Widens
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Goldman Sachs Conviction Buy List, Citi, Standard & Poor's, Crude Oil, Notable ETF Movers, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
