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Notable ETF Movers of the Day 09/26: (XLF) (UNG) (XRT) Higher; (GLD) (FXI) (TAN) Lower

September 26, 2011 12:11 PM EDT
Gainers
  • Financial Select Sector SPDR (NYSE: XLF) up 1.88 percent to $11.90. Financials getting a boost today as Buffett's Berkshire (NYSE: BRK-A) announced it plans to make another strategic investment in an undervalued company: his own. Berkshire's Class B shares are up 5.9 percent on the session.

  • United States Natural Gas (NYSE: UNG) up 2.00 percent to $9.41. Nat gas prices bouncing Monday, following October contracts hitting an 11-month low last Thursday, as expectations for a late-season spike in cooling demand have risen. Several U.S. regions, such as the South and East Coast, may crank up A/C units as temps hold above-average over the next several days. Weather.com notes "very warm/hot temperatures expected in Texas and parts of the Southeast, with record highs being threatened in Texas."

  • SPDR S&P Retail (NYSE: XRT) up 1.47 percent to $47.60. The move is being led by J.P. Penney (NYSE: JCP), which is up 4.47 percent to $26.67, as hedge fund giant Bill Ackman disclosed owning equity swaps late last Friday, which had him paying of JCP shares fell, but getting paid if they rose.


Receders

  • SPDR Gold Shares (NYSE: GLD) down 1.71 percent to $157.04. Speculation surrounds gold investors preferring to be in cash as global markets continue volatility on European debt issues and a glum outlook from the Fed last week. Potential margin calls as stocks slump is also a factor in gold prices. December contracts are down $27.8 to $1612.0 per ounce on the Comex.

  • iShares FTSE China 25 Index Fund (NYSE: FXI) down 1.61 percent to $31.75. China stocks lower as the governor of China's central bank recently commented that inflation is still the largest threat to China's economy, possibly undermining steps China has taken to ease inflation by raising interest rates over the last several months.

  • Guggenheim Solar (NYSE: TAN) down 2.19 percent to $3.57. Solars looking weak Monday as pricing negotiations are ongoing, and some speculate even increased demand for installations in the fourth-quarter won't be enough to offset evaporation of subsidies in 2012 and overall economic weakness. Oversupply issues will continue to linger. Trina Solar (NYSE: TSL) JA Solar (Nasdaq: JASO) are leading today's move in the sector.


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