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Notable ETF Movers of the Day 10/21: RTH, FXE, XLI Higher; UNG,GLD EWJ Lower

October 21, 2010 12:45 PM EDT
Gainers

  • Retail HOLDRs (NYSE: RTH) up 1.68% to $100.24. Being led today by Amazon.com (Nasdaq: AMZN), which is trading higher ahead of their third quarter earnings release after the market today. Shares are up 3.2% in afternoon trading. Overall strong earnings reports this week, coupled with decent initial claims numbers and a flat leading indicator increase may be driving consumer sentiment in the sector today, on hopes of a sustained economic recovery.

  • CurrencyShares Euro Trust (NYSE: FXE) up 0.11% to $139.12. Trading higher against the U.S. dollar today, if ever so slightly, ahead of the G-20 summit in South Korea, and a few unexpected pops in manufacturing data in Europe.

  • Industrial Select Sector SPDR (NYSE: XLI) up 0.65% to $32.44. Ironically, the industrial stocks that should be trading higher on earnings, Caterpillar (NYSE: CAT), UPS (NYSE: UPS), and Union Pacific (NYSE: UNP) are trading lower, while the rest of the holdings in the ETFs top ten are seeing a green day.


Receders

  • United States Natural Gas (NYSE: UNG) down 3.74% to $5.40. Data from the EIA shows that nat gas stockpiles increase 93 billion cubic feet for the week ended October 15, 2010. Analysts were looking for a more modest gain of 89 billion cubic feet.

  • SPDR Gold Shares (NYSE: GLD) down 1.04% to $129.96. Seeing more downward pressure today, though on lighter volume, as some investors look to cash in a bit on the 2010 rally in the commodity. WSJ notes that the most actively traded contract is up 16% since July.

  • iShares MSCI Japan Index (NYSE: EWJ) down 0.7%% to $10.13. Stocks in Japan were lower today on speculation that regulators will begin to tighten financial regulations, raising concern that banks will raise additional funds. A strategist at Mizuho notes that the yen's recent strength is a factor in the decision.


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