Notable ETF Movers of the Day 11/23: (TAN) (XRT) Higher; (XLU) Lower
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Gainers:
Guggenheim Solar ETF (NYSE: TAN) gained 2.35 percent to 13. GT Advanced Technologies Inc (Nasdaq: GTAT) was a top performing in the ETF, gained 5 percent as the stock pulled out of a 1-month, 30 percent nose dive. GTAT has a roughly 5 percent weighting in TAN.
SPDR S&P Retail (NYSE: XRT) gained 1.1 percent on reports of strong Black Friday sales, as U.S. consumers came out in force to take advantage of holiday deals. Wal-Mart (NYSE: WMT) was among today's winners, with shares gaining 1.4 percent.
Decliners:
Utilities Select Sector SPDR (NYSE: XLU) declined 0.25 to 34.1. Utility stocks have declined 7 percent in the past 30 days. Considering the relative low historical volatility in utility stocks, this could be an ominous sign for dividend lovers, as fiscal cliff fears and tax hikes loom large. Today’s utility sector dog was Exelon Corporation (NYSE: EXC), which fell 1.1 percent. Exelon pays a dividend of $2.10, yielding 7.3 percent.
Guggenheim Solar ETF (NYSE: TAN) gained 2.35 percent to 13. GT Advanced Technologies Inc (Nasdaq: GTAT) was a top performing in the ETF, gained 5 percent as the stock pulled out of a 1-month, 30 percent nose dive. GTAT has a roughly 5 percent weighting in TAN.
SPDR S&P Retail (NYSE: XRT) gained 1.1 percent on reports of strong Black Friday sales, as U.S. consumers came out in force to take advantage of holiday deals. Wal-Mart (NYSE: WMT) was among today's winners, with shares gaining 1.4 percent.
Decliners:
Utilities Select Sector SPDR (NYSE: XLU) declined 0.25 to 34.1. Utility stocks have declined 7 percent in the past 30 days. Considering the relative low historical volatility in utility stocks, this could be an ominous sign for dividend lovers, as fiscal cliff fears and tax hikes loom large. Today’s utility sector dog was Exelon Corporation (NYSE: EXC), which fell 1.1 percent. Exelon pays a dividend of $2.10, yielding 7.3 percent.
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