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ETF Preview: Homebuilders Fund Gains After Sector Upgrade - Toll Brothers (TOL) and KB Home (KBH) In Focus
By: Midnight Trader   Friday, September 18, 2009 9:01 AM

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The next market session will close:

Active-volume exchange-traded funds in Thursday's regular session:

SPDR S&P 500 (SPY): -0.2%

iShares S&P 500 (IVV): -0.1%

PowerShares QQQ (QQQQ): -0.02%

Select Financial Sector SPDRS (XLF): -0.03%

iShares Russell 2000 (IWM): -0.2%

iShares Russell 1000 Growth (IWF): -0.04%

iShares MSCI Emerging Markets Index (EEM): -0.5%

United States Oil Fund (USO): +0.2%

The top ETF volume movers in pre-market action this morning:

SPY, +0.2%

SDS, -0.4%

QQQQ, -0.2%

GLD, +0.08%

UNG, +1.9% 

Winners and Losers


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The PowerShares QQQ (QQQQ), which tracks the technology-studded Nasdaq Composite, is down 0.02% this morning.

Technology Select Sector SPDR (XLK) is down 0.1%. iShares U.S. Technology (IYW) should see increased interest closer to the opening bell. iShares S&P North American Technology Semiconductor (IGW) and Semiconductor HOLDRs (SMH) could see increased upside interest closer to the bell.

Palm (PALM) is moderately lower after the stock was a mixed mover in last evening's session. Palm reported Q1 non-GAAP revs of $360.7 mln, down from $366.8 mln in the year ago quarter. Non-GAAP loss was $0.10 per share, vs. a year ago loss of $0.12 per share. The Street view was revenue of $291 mln and a loss of $0.25 per share.

The company shipped a total of 823,000 smartphone units during the quarter, representing a 134 percent increase from the fourth quarter of fiscal year 2009 and a year-over-year decrease of 30 percent. The company's planned product launches with additional carriers in the second half of its fiscal year, together with continuing sales from products launched in the first half of its fiscal year, are expected to yield stronger operating performance, resulting in non-GAAP Adjusted Revenues for fiscal year 2010 of $1.6 billion to $1.8 billion, it said. The Street view is $1.57 bln in revenue. The company's plan to sell 16 million shares provided some of the downward pressure, however.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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