Notable ETF Movers of the Day 09/12: (XHB) (EWJ) Higher; (GDX) Lower
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Gainers:
SPDR S&P Homebuilders (NYSE: XHB) gained 1.3 percent to 24.7. Shares of PulteGroup (NYSE: PHM) climbed 6 percent after analysts at Williams Financial Upgraded the company to Buy. Analysts said they were encouraged by the company’s results which show that the company can improve sales and operations, allowing it to continue to participate in the ongoing bullish trend for stocks in this sector. iShares Dow Jones US Home Construction (NYSE: ITB) is a related ETF and is higher by 1.97 percent today.
iShares MSCI Japan Index (NYSE: EWJ) gained 1.20 percent to 9.22. Shares in Japan climbed to their highest level in two weeks on expectations that policy makers in the U.S. and China will continue to move forward with stimulus efforts. Japanese equities were also boosted by economic data that showed machine orders increased by 1.7 percent in July compared to estimates of a contraction. In the past 5 trading sessions, EWJ has gained 3.9 percent
Decliners:
Market Vectors Gold Miners ETF (NYSE: GDX) is lower by 0.40 percent to 49.61. Gold related stocks are flat to slightly lower ahead of an announcement by the Fed tomorrow. Most analysts expect the Fed to detail plans for a new round of quantitative easing. However, questions remain about the extent of the program.
SPDR S&P Homebuilders (NYSE: XHB) gained 1.3 percent to 24.7. Shares of PulteGroup (NYSE: PHM) climbed 6 percent after analysts at Williams Financial Upgraded the company to Buy. Analysts said they were encouraged by the company’s results which show that the company can improve sales and operations, allowing it to continue to participate in the ongoing bullish trend for stocks in this sector. iShares Dow Jones US Home Construction (NYSE: ITB) is a related ETF and is higher by 1.97 percent today.
iShares MSCI Japan Index (NYSE: EWJ) gained 1.20 percent to 9.22. Shares in Japan climbed to their highest level in two weeks on expectations that policy makers in the U.S. and China will continue to move forward with stimulus efforts. Japanese equities were also boosted by economic data that showed machine orders increased by 1.7 percent in July compared to estimates of a contraction. In the past 5 trading sessions, EWJ has gained 3.9 percent
Decliners:
Market Vectors Gold Miners ETF (NYSE: GDX) is lower by 0.40 percent to 49.61. Gold related stocks are flat to slightly lower ahead of an announcement by the Fed tomorrow. Most analysts expect the Fed to detail plans for a new round of quantitative easing. However, questions remain about the extent of the program.
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