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Notable ETF Movers of the Day 01/18: (SMH) (UNG) (SPY) Higher; (VXX) (UUP) Lower

January 18, 2012 11:39 AM EST
Gainers
  • Market Vectors Semiconductor ETF (NYSE: SMH) up 3.60 percent to $32.77. The move being led by Linear Technology Corp. (Nasdaq: LLTC), which issued mixed second-quarter 2012 numbers late Tuesday, but third-quarter sales guidance of $306.1 million to $317.8 million tops consensus views calling for revs of $302.5 million. Linear Tech shares are up 10.9 percent on the session.

  • United States Natural Gas (NYSE: UNG) up 0.74 percent to $5.41. Nat gas seeing a little bounce Wednesday, as traders might be eying a little bit of cooler weather moving through much of the U.S. as snowstorms move in, starting with the Northwest. Stockpiles are still at record highs, but prices in the mid -$2 range might cause more consumers to turn up the hear.

  • SPDR S&P 500 (NYSE: SPY) up 0.56 percent to $130.07. U.S. markets are on the rise today, as Goldman Sachs (NYSE: GS) kept the financials rolling with a surprise earnings beat (though revs were largely in-line). Goldman's EPS was $1.84 on rev of $6.05 billion, versus Street views calling for EPS of $1.24 and revs of $6.54 billion. Additionally, the International Monetary Fund is estimating that it needs about $600 billion to lend to eurozone members with sovereign debt issues. The number and estimates are adding stability to the situation, which has been absent over the last several months. Dow is up about 0.5 percent, Nasdaq is 0.9 percent better, and the S&P 500 is up 0.6 percent.
Receders
  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 1.99 percent to $30.60. The CBOE VIX is down about 2.3 percent on Wednesday's session, following strong numbers from Goldman Sachs as well as core PPI numbers, which were offset by PPI and industrial production metrics.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.62 percent to $22.53. The U.S. dollar is being eschewed in favor of the euro on IMF news today. As the IMF seeks a nine-digit expansion of its bailout fund, investors are getting more confident in the euro situation. Currently, the euro is up 1.3 percent to $1.2814.


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