ETF Movers: BBH 6.6% Higher; XLF Adds Another 2.4%, More...

July 21, 2008 11:21 AM EDT

StreetInsider.com ETF Movers:

Biotech HOLDRs (AMEX: BBH) 6.6% HIGHER: Driving the action is news Roche offered to buy the remaining shares of Genetech (NYSE: DNA) for $89 per share. Shareholders expect a higher bid.

Financial Select Sector SPDR (AMEX: XLF) 2.4% HIGHER; Bank of America (NYSE: BAC) is driving the action today after reporting better-than-expected Q2 results. Bank of America news continues last week's trend of large money center banks reporting better-than-expected results, which is mainly due to low analyst expectations. Last week, Wells Fargo (NYSE: WFC) started the trend on Wednesday by topping expectations and raising their dividend. JP Morgan Chase (NYSE: JPM) and Citigroup (NYSE: C) followed with their own beats.

Market Vectors Agribusiness ETF (AMEX: MOO) 2.6% HIGHER; Ag stocks recover after recent selling. Large holding Potash Corp. (NYSE: POT) had estimates raised at JPMorgan today.

Claymore/MAC Global Solar Energy (NYSE: TAN) 2.4% HIGHER; Solars recover after weeks of selling on news of Spain subsidy cutbacks.

Technology Select Sector SPDR (AMEX: XLK) 1.9% LOWER; Large holding Apple (Nasdaq: AAPL) reports tonight.


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Stocks Mentioned

AAPL 88.93

-3.74 -4.04%
Volume: 33,003,564
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BAC 12.85

-3.40 -20.92%
Volume: 127,420,206
Track BAC

BBH 154.45

-8.37 -5.14%
Volume: 145,000
Track BBH

C 6.45

-1.84 -22.20%
Volume: 315,145,971
Track C

DNA 71.80

-4.80 -6.27%
Volume: 4,985,952
Track DNA

JPM 26.12

-5.54 -17.50%
Volume: 70,998,439
Track JPM

MOO 23.57

-2.29 -8.86%
Volume: 400,183
Track MOO

POT 56.47

-5.17 -8.39%
Volume: 9,923,157
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TAN 6.75

-1.30 -16.15%
Volume: 348,271
Track TAN

WFC 23.41

-5.48 -18.97%
Volume: 76,574,001
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XLF 10.55

-2.11 -16.67%
Volume: 166,796,814
Track XLF

XLK 14.15

-1.10 -7.21%
Volume: 6,297,943
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