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 140.02

-2.81 -1.97%
Volume: 13,236,264
Track AAPL

BAC 27.40

+14.35 +109.96%
Volume: 446,353
Track BAC

BBH 25.11

-68.02 -73.04%
Volume: 442,678
Track BBH

C 26.20

+23.23 +782.15%
Volume: 448,666
Track C

DNA 94.81

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

JPM 32.27

-1.50 -4.44%
Volume: 38,352,125
Track JPM

MOO 25.16

-9.46 -27.33%
Volume: 444,735
Track MOO

POT 29.90

-61.00 -67.11%
Volume: 448,747
Track POT

TAN 9.47

-0.14 -1.46%
Volume: 256,671
Track TAN

WFC 29.98

+5.84 +24.19%
Volume: 432,484
Track WFC

XLF 11.47

-0.41 -3.45%
Volume: 101,602,067
Track XLF

XLK 17.83

-0.46 -2.52%
Volume: 9,273,847
Track XLK


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