Notable ETF Movers of the Day 12/17: SMH, KBE, UNG Higher; SPY, TAN, FXE Lower

December 17, 2010 1:00 PM EST
Gainers

  • Semiconductor HOLDRs (NYSE: SMH) up 0.25% to $32.60. The ETF is receiving a little push from Applied Materials (Nasdaq: AMAT), which received an upgrade at Barclays from Equal Weight to Overweight today, and price target increased from $12 to $17. Shares of AMAT are up 1.83% to $13.62 today.

  • SPDR KBW Bank (NYSE: KBE) up 0.89% to $24.80. Higher as Regions Financial (NYSE: RF) is still moving higher on takeover talks. Shares are up 3.7% this morning.

  • United States Natural Gas (NYSE: UNG) up 0.58% to $5.57. Amid the transition from autmn to winter, ample supplies, as reported by the EIA yesterday, are helping keep prices depressed. The EIA also doubled its "technically recoverable" unproved nat-gas in the U.S., from 347 trillion cubic feet in October to 827 trillion cubic feet.


Receders
  • SPDR S&P 500 (NYSE: SPY) down 0.10%% to $124.04. The Dow is doing a little pullback today after closing at a two-year high of 11,499.25 yesterday. No economic data, save for leading indicators, are out today to shake up the market. Investors are weighing the passage of a $850 billion extension to Bush-era tax breaks for all.

  • Guggenheim Solar (NYSE: TAN) down 1.22% to $7.29. Led by First Solar, Inc. (Nasdaq: FSLR) which is down today after reports a circulating that they have delayed the construction of a solar panel factory near Bordeaux, France. The report was initially made in Les Echos, and is due to questions about French regulations. The paper cites FSLR CEO Rob Gillette.

  • CurrencyShares Euro Trust (NYSE: FXE) down 0.66% to $131.01. Moody's downgraded
    Ireland
    five notches to Baa1 today, adding pressure to the euro despite strong economic data out of Germany.


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