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Notable ETF Movers of the Day 03/05: (XHB) (DIA) (XLU) Higher; (VXX) (USO) Lower

March 12, 2012 12:10 PM EDT
Gainers
  • SPDR Series Trust SPDR Homebuilders (NYSE: XHB) up 0.33 percent to $20.68. Being led by PulteGroup (NYSE: PHM), which is up over 1 percent on the session following an upgrade by Barclays from Neutral to Overweight, with the firm setting a $14 price target. Lowe's Companies (NYSE: LOW) was also nudged higher at Nomura from Neutral to Buy today, its price target boosted from $30 prior to a fresh $40 level. Homebuilders have been making some strong moves following positive jobs and housing data over the last several weeks.

  • SPDR Dow Jones Industrial Average (NYSE: DIA) up 0.12 percent to $129.30. The sole U.S. market in positive territory, Caterpillar (NYSE: CAT) appears to be the only negative equity Monday. The stock might be seeing a dip as China reported a $31.5 billion move into negative territory for its February trade balance, suggesting more imports than exports. The level is the largest trade deficit in close to a decade.

  • SPDR Select Sector Fund - Utilities (NYSE: XLU) up 0.98 percent to $35.52. The sector getting a boost from Exelon (NYSE: EXC), which announced today it has closed the acquisition of Constellation Energy. Following the release, Exelon is up about 2 percent on the session.
Receders
  • iPath S&P 500 VIX Short Term Fund (NYSE: VXX) down 2.01 percent to $22.87. The CBOE VIX is 9 percent lower on the session Monday ahead of the EU meeting on Greece as well as data from China showing surprising deficit numbers.

  • United States Oil Fund (NYSE: USO) down 1.12 percent to $40.62. Crude doing a short-term pullback Monday following China trade data. Crude prices have been hovering above $100 per barrel on generally strong economic data over the last few weeks. Traders might expected a little slowdown in demand as China is importing more now, cutting some of its spending power. WTI April contracts are $1.12 lower to $106.28 per barrel on the Comex.


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