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Notable ETF Movers of the Day 05/02: (XLV) (UNG) (XLY) Higher; (SLV) (TAN) (SMH) Lower

May 2, 2011 12:01 PM EDT
Gainers

  • Health Care Select Sector SPDR (NYSE: XLV) up 1.15 percent to $35.65. Getting a boost from Humana (NYSE: HUM) today, which reported Q1 EPS of $1.86 on revs of $9.19 billion, both topping consensus views. Additionally, M&A activity between Teva Pharma (Nasdaq: TEVA) and Cephalon (Nasdaq: CEPH) is drawing positive investor sentiment.

  • United States Natural Gas (NYSE: UNG) up 0.58 percent to $12.13. Investors are betting on a nat gas shortfall as nuclear power shutdowns and maintenance are likely to spur demand for the energy source. Futures jumped last week, following EIA data showing an increase in inventories, but by less than expected. The Nuclear Regulatory Commission reported that nuclear plants generated 72 percent of capacity for the week ended April 26th, the lowest in 4.5 years.

  • Consumer Discret Select Sector SPDR (NYSE: XLY) up 0.74 percent to $40.85. Led higher by Amazon.com Inc. (Nasdaq: AMZN) today, which may be seeing some strength following the upgrade of Netflix (Nasdaq: NFLX) at Citi from Hold to Buy. Amazon shares are up 1.8 percent so far today. Of course, with names like Disney (NYSE: DIS), McDonald's (NYSE: MCD), and Ford Motor (NYSE: F) being held by the ETF, this could be the bin Laden trade today.


Receders

  • iShares Silver Trust (NYSE: SLV) down 2.56 percent to $45.68. Silver futures plunging today as traders and investors are eying the U.S. dollar on possible bin Laden bounce. In addition, margins requirements were raised on silver.

  • Guggenheim Solar (NYSE: TAN) down 1.48 percent to $8.67. Led lower by SunPower Corporation (Nasdaq: SPWRA) today, as the ETF traces-back from a huge jump higher late last week on M&A in the sector. Today, Societe Generale downgraded SunPower from Buy to Hold. SunPower shares are down 1.8 percent today.

  • Semiconductor HOLDRs (NYSE: SMH) down 0.95 percent to $36.31. Lower today, led by Applied Materials Inc. (Nasdaq: AMAT), which is off 3.4 percent from a downgrade at JPMorgan.


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