Notable ETF Movers of the Day 04/30: (UNG) (VXX) Higher; (TAN) (XHB) Lower
Gainers
- United States Natural Gas (NYSE: UNG) up 2.55 percent to $16.10. Nat gas continuing higher from a 14 percent gain last week on expectations calling for chiller, rainy weather across much of the Midwest and East Coast. June contracts are $.068 higher to $2.254 per mmBtu.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 2.24 percent to $16.55. Volatility is higher Monday following data from Spain showing its economy shrank for the second consecutive quarter, by 0.3 percent. Two consecutive quarters of contracting in the economic definition of a recession.
Otherwise, Chicago PMI data at 56.2 came in below views calling for 60 in April.
Consumer spending in March slowed from 0.9 percent down to 0.3 percent. Economists were looking for a 0.5 percent gain.
- Guggenheim Solar (NYSE: TAN) down 1.72 percent to $21.95. The sector moving on LDK Solar (NYSE: LDK) following its fourth-quarter report. LDK reported a loss of $4.63 per share on revenue of $420.2 million, compared with views calling for a loss of 77 cents and revenue of $429.33 million.
Looking ahead, the PV maker sees Q1 sales of $190 million to $230 million, compared with consensus views calling for $397.2 million.
- SPDR S&P Homebuilders (NYSE: XHB) down 1.83 percent to $21.50. Homebuilders showing some weakness following a warnings from an MKM analyst about May housing starts and existing sales. Data for both metrics is expected to be out on May 16th and May 23rd. For more on the call, click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Valero Energy (VLO) PT Raised to $197 at UBS
- 3 reasons why you should own CrowdStrike stock - analysts
- Citi's Montagu: Positioning 'increasingly bullish in Europe' versus US
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Chicago PMI, Standard & Poor's, Notable ETF Movers, Housing StartsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!