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 203.53

+0.55 +0.27%
Volume: 13,752,219
Track AAPL

BAC 16.42

+0.39 +2.43%
Volume: 148,478,737
Track BAC

BBH 96.86

+0.91 +0.95%
Volume: 14,600
Track BBH

C 4.20

+0.02 +0.48%
Volume: 207,781,800
Track C

DNA 94.81

+0.00 +0.00%
Volume: 6,877,884
Track DNA

JPM 44.20

+0.03 +0.07%
Volume: 25,234,628
Track JPM

MOO 41.52

+0.14 +0.34%
Volume: 540,288
Track MOO

POT 102.06

+2.45 +2.46%
Volume: 4,600,601
Track POT

TAN 8.77

-0.04 -0.45%
Volume: 101,920
Track TAN

WFC 28.78

+0.68 +2.42%
Volume: 33,100,512
Track WFC

XLF 14.98

+0.21 +1.42%
Volume: 79,458,896
Track XLF

XLK 21.82

+0.09 +0.41%
Volume: 3,613,104
Track XLK


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