Notable ETF Movers of the Day 02/13: (SPY) (XLF) (USO) Higher; (TAN) (UNG) (SMH) Lower
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Gainers
- SPDR S&P 500 (NYSE: SPY) up 0.53 percent to $135.07. Markets moving higher as Greece's parliament approved a series of spending cuts aimed at improving Greece's standing in the euro-zone as well as receive another round of bailout funds to remain afloat.
But all of that exuberance is being put in check by a proposal to change the alternative minimum tax (AMT) rule, which has been pretty much the same since 1969 to target wealthier individuals.
- SPDR Select Sector Fund - Financial (NYSE: XLF) up 0.93 percent to $14.70. Financials higher overall Monday with news out of Europe. The charges is being led by Bank of America (NYSE: BAC) and J.P. Morgan (NYSE: JPM), up 2.5 percent and 1.5 percent on the session, respectively.
- United States Oil Fund (NYSE: USO) up 1.18 percent to $38.47. Crude futures higher following Greek austerity measures agreed upon over the weekend. March contracts are up $1.54 to $100.21 per barrel on the Comex. This is the highest level futures have hit since January 30th.
- Guggenheim Solar ETF (NYSE: TAN) down 1.16 percent to $3.41. Mixed ratings are hitting the ETF today. First Solar (Nasdaq: FSLR) is lower after being downgraded by Brigantine Advisors to Hold while Trina Solar (NYSE: TSL) got an upgraded to Buy at BofA/Merrill Lynch. While Trina is trading higher, First Solar and the rest of the group are down amid an overall up day in the markets.
- United States Natural Gas Fund (NYSE: UNG) down 1.52 percent to $5.19. Nat gas is lower Monday as investors continue to focus on high storage levels. Though colder weather has moved in to many parts of the U.S., production is still at all-time highs and outpaces the rate of consumption. Many analysts expect stores to end the winter season up 35 percent. March contracts are $0.034 lower to $2.443 per mmBtu on the Comex.
- Market Vectors Semiconductor ETF (NYSE: SMH) down 0.35 percent to $34.05. Lower on some tech sector pressure today. Otherwise, Benchmark downgraded Broadcom (Nasdaq: BRCM) from Buy to Hold earlier, sending the stock down 1.5 percent on the session.
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