Notable ETF Movers of the Day 09/25: (RTH) Higher; (XME) (RSX) Lower
Tweet
Share
E-mail
Gainers:
Market Vectors Retail ETF (NYSE: RTH) is higher by 0.3 percent to 45.17. Shares of Walgreen Co. (NYSE: WAG) gained 1.15 percent after analysts at Goldman Sachs added it to their conviction buy list. Analysts said they expect earnings growth to accelerate and that the stock had upside potential considering its low relative multiple.
Decliners:
SPDR S&P Metals & Mining (NYSE: XME) declined 1.9 percent to 43.47. Metals stocks continue to fall as investors trimmed positions for the second day in a row. On Monday Citi analysts cut their outlook for a number of metals and material names, triggering a selloff that has continued into Tuesday trading. A broad number of material stocks are trading lower today, including AK Steel (NYSE: AKS) which has declined 12 percent in the past 5 sessions.
Market Vectors Russia ETF (NYSE: RSX) declined 1.4 percent to 29.40. Equities in Russia, which are heavily weighted with energy stocks, declined as the price of crude oil continued its slide again today. The price of Brent futures hover near $110 per barrel, significantly lower than the recent high near $118. Yesterday Russia said it will consider easing extraction tax charges for hard-to-recover and depleted oil fields. Russia equities were initially higher following the report.
Market Vectors Retail ETF (NYSE: RTH) is higher by 0.3 percent to 45.17. Shares of Walgreen Co. (NYSE: WAG) gained 1.15 percent after analysts at Goldman Sachs added it to their conviction buy list. Analysts said they expect earnings growth to accelerate and that the stock had upside potential considering its low relative multiple.
Decliners:
SPDR S&P Metals & Mining (NYSE: XME) declined 1.9 percent to 43.47. Metals stocks continue to fall as investors trimmed positions for the second day in a row. On Monday Citi analysts cut their outlook for a number of metals and material names, triggering a selloff that has continued into Tuesday trading. A broad number of material stocks are trading lower today, including AK Steel (NYSE: AKS) which has declined 12 percent in the past 5 sessions.
Market Vectors Russia ETF (NYSE: RSX) declined 1.4 percent to 29.40. Equities in Russia, which are heavily weighted with energy stocks, declined as the price of crude oil continued its slide again today. The price of Brent futures hover near $110 per barrel, significantly lower than the recent high near $118. Yesterday Russia said it will consider easing extraction tax charges for hard-to-recover and depleted oil fields. Russia equities were initially higher following the report.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intermediate Capital Group (ICP:LN) (ICGUF) PT Raised to GBP22.50 at Citi
- BOK Financial (BOKF) PT Raised to $97 at DA Davidson
- Northeast Indiana Bancorp, Inc. (NIDB) Reports Q1 EPS of $0.30
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Goldman Sachs Conviction Buy List, Citi, Standard & Poor's, Crude Oil, Notable ETF Movers, EarningsSign 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!
