Notable ETF Movers of the Day 01/27: XLF, IYR, XRT Higher; GLD, XLE, XHB Lower
Gainers
Receders
- Financial Select Sector SPDR (NYSE: XLF) up 0.21% to $16.43. Being led by Goldman Sachs (NYSE: GS) on a snowy New York day. Shares appear to be trying to get back to the $166.50 price level after a gap down on Tuesday. Trading volume is relatively normal for the stock today, as well as for the financial ETF.
- iShares Dow Jones US Real Estate (NYSE: IYR) up 0.70% to $57.73. Pending home sales increased 2% in November, adding positive sentiment continuing from yesterday when new home sales numbers came in ahead of the Street.
- SPDR S&P Retail (NYSE: XRT) up 0.49% to $47.02. Higher today, led by priceline.com (Nasdaq: PCLN), which is probably seeing some upside from peer Netflix (Nasdaq: NFLX) today, following another earnings victory from the unsinkable rental service. Traders may also be gearing up for Amazon.com's (Nasdaq: AMZN) earnings after the market today, which is also expected to produce favorable results.
Receders
- SPDR Gold Shares (NYSE: GLD) down 1.80% to $128.80. Gold continues its slide today, as a continued U.S. economic recovery points to the Fed tightening rates up following expiration of their QE2 program later this summer, with an upward adjustment in interest rates expected.
- Energy Select Sector SPDR (NYSE: XLE) down 1.09% to $71.07. Oil futures seeing some pressure today as jobless numbers increased by 51K to 454K last week, from an 8.4% drop the prior week. Durable orders in December fell 2.5%, though there was a 0.5% gain excluding transportation. Both numbers missed the Street consensus. March 11 contracts are $1.41/barrel lower to $85.92/barrel. Many still see crude topping $100 per barrel in 2011.
- SPDR S&P Homebuilders (NYSE: XHB) down 1.00% to $18.13. Ryland (NYSE: RYL) is leading the group lower today, following a fourth quarter 2010 earnings miss. RYL reported a loss of $0.43 on revs of $227.1 million, compared to the consensus loss of $0.34 per share with revs of $234.48 million. New home orders dropped 19.9% for the company through Q410. RYL shares are down 4.6% on the day.
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