Notable ETF Movers of the Day 05/03: (VXX) (XLF) (FXE) Higher; (XLE) (MOO) (USO) Lower

May 3, 2011 12:04 PM EDT
Gainers

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.30 percent to $24.19. The CBOE VIX is having a nice day today as the bin Laden rush and earnings reports begin to fade. Earnings out of Pfizer (NYSE: PFE), Beazer Homes (NYSE: BZH), and Clorox (NYSE: CLX), among others, are failing to spur investing as some begin to question how long the rally will sustain itself. THe CBOE VIX is 3.2 percent higher today.

  • Financial Select Sector SPDR (NYSE: XLF) up 0.37 percent to $16.37. Led higher by Bank of America (NYSE: BAC) today, but the ETF may also be taking a page from MasterCard (NYSE: MA), which reported strong first-quarter results this morning MasterCard reported EPS of $4.29 on revs of $1.5 billion, beating consensus views calling for EPS of $4.10 and revs of $1.46 billion. BofA shares are up 2.3 percent while MasterCard is 2.8 percent better.

  • CurrencyShares Euro Trust (NYSE: FXE) up 0.39 percent to $148.31. Traders are awaiting a monetary-policy decision from the European Central Bank on Thursday, which might point to a rate hike, making the euro a more attractive investment versus its peers. Though an increase may not come until June, ECB head Jean-Claude Trichet might signal the action.


Receders

  • Energy Select Sector SPDR (NYSE: XLE) down 1.50 percent to $78.22. The ETF is feeling pinched today following Chesapeake (NYSE: CHK) earnings. Chesapeake beat Q1 EPS views by about 5 cents, but it raised its FY11 drilling budget citing increases in oilfield service costs. Chesapeake is 3.8 percent lower on the day.

  • Market Vectors Agribusiness ETF (NYSE: MOO) down 1.26 percent to $55.63. Archer Daniels Midland (NYSE: ADM) is leading the ETF lower today, down about 5 percent itself. Archer Daniels reported an in-line first quarter EPS of $0.86 with stronger revenue results. Archer Daniels' Agricultural Services business saw pressure from "volatility in agricultural commodity markets, regional instability in the Middle East and North Africa, and the earthquake and tsunami in Japan."

  • United States Oil (NYSE: USO) down 0.51 percent to $44.70. Oil a little volatile following bin Laden news...concerns of reprisals linger from Middle Eastern nations. Uprisings in the region have caused a surge in crude prices year-to-date, and June 2011 contracts are up $0.79 to $112.73 per barrel today.


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Jean-Claude Trichet, Standard & Poor's, European Central Bank, Crude Oil, Notable ETF Movers, Earnings