Notable ETF Movers of the Day 01/18: GLD, TAN, XLI Higher; VXX, FXI, XLF Lower
Gainers
Receders
- SPDR Gold Shares (NYSE: GLD) up 0.59% to $133.47. As markets creep into the green ahead of Apple, Inc. (Nasdaq: AAPL) and IBM (NYSE: IBM) earnings after the close today, investors are seeking a safe haven in gold. Some may also be looking at gold as a bargain, as prices have slipped from highs above $1400/ounce in early January, as the U.S. dollar is weaker today. February 11 contracts, the most actively traded, are $7.6/ounce better today, to $1368.1/ounce on the Comex.
- Guggenheim Solar (NYSE: TAN) up 3.32% to $8.08. Led today by Yingli Green Energy (NYSE: YGE) and Trina Solar
(NYSE: TSL), as the two are well above 6% better on the day. No specific news is causing movement in the two, though First Solar (Nasdaq: FSLR) received regulatory approval to construct a 230-MW solar plant in California.
- Industrial Select Sector SPDR (NYSE: XLI) up 0.67% to $36.15. Caterpillar (NYSE: CAT) and Boeing (NYSE: BA) are leading industrials higher today, as Boeing put the third quarter, 2011, as a target for delivery of its first 787 Dreamliner, and CAT is seeing some strong buying above the $94.75 price level.
Receders
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.34% to $30.83. Lower today as markets are overall positive today ahead of earnings out of Apple and IBM. The NAHB index stayed firm at 16, and the Empire Manufacturing index rose to 11.92 from 9.89 in December.
- iShares FTSE China 25 Index Fund (NYSE: FXI) down 0.99% to $44.11. Lower today as China's central bank increased reserve requirements for banks over the weekend, and property prices rose 6.4% in December, extending a 19-month streak.
- Financial Select Sector SPDR (NYSE: XLF) down 0.87% to $16.58. Led lower by Citigroup (NYSE: C) today, as the financial company missed
fourth quarter views on the top and bottom. C posted Q410 EPS of
$0.04 with revs of $18.37 billion, missing the consensus EPS of $0.08 and revs of $20.45 billion. C Shares are down 5.5% this afternoon.
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