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 196.97

-2.94 -1.47%
Volume: 16,626,910
Track AAPL

BAC 15.90

+0.05 +0.32%
Volume: 143,182,449
Track BAC

BBH 98.23

+0.94 +0.97%
Volume: 36,884
Track BBH

C 4.10

-0.01 -0.24%
Volume: 246,046,401
Track C

DNA 94.81

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

JPM 42.22

-0.27 -0.64%
Volume: 39,217,005
Track JPM

MOO 44.11

+1.30 +3.04%
Volume: 2,099,012
Track MOO

POT 116.59

+4.17 +3.71%
Volume: 7,970,104
Track POT

TAN 9.60

+0.31 +3.34%
Volume: 222,957
Track TAN

WFC 27.99

-0.05 -0.18%
Volume: 33,170,973
Track WFC

XLF 14.67

+0.01 +0.07%
Volume: 86,711,581
Track XLF

XLK 22.10

+0.35 +1.61%
Volume: 8,527,053
Track XLK


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