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ETF Preview: Gold ETF Mixed as Metal's Price Bobs at Record High
By: Midnight Trader   Wednesday, October 07, 2009 9:21 AM

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


SPDR S&P 500 (SPY): +1.4%

iShares S&P 500 (IVV): +1.4%

PowerShares QQQ (QQQQ): +1.8%

Select Financial Sector SPDRS (XLF): +1.3%

iShares Russell 2000 (IWM): +1.9%

iShares Russell 1000 Growth (IWF): +1.4%

iShares MSCI Emerging Markets Index (EEM): +1.7%

United States Oil Fund (USO): +1%

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


QQQQ, -0.1%

USO, +0.2%

GLD, -0.2%

SPY, -0.01%

IWM, -0.2%

Winners and Losers


Major market ETFs, including the SPY, DIA, UYG and others, are flat as the broader stock market initially looked to go for its third straight gain. Futures have since pared early gains to trade flat to just firmer.

The PowerShares QQQ (QQQQ), which tracks the technology-studded Nasdaq Composite, is down 0.1% this morning. Technology Select Sector SPDR (XLK) is up 0.7%. 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 interest closer to the bell. Microsoft (MSFT) has said it looks to resolve EU trade issues by year-end. Shares are up 0.1%.

Select Financial Sector SPDRS (XLF) is flat. The Direxion Financial Bull 3X fund (FAS) is down 1%; its bearish counterpart, FAZ, is up 0.8%.

SPDR Retail (XRT) is flat but two sector names reported results this morning. Costco Wholesale (COST) reports Q4 EPS of $0.85, including a $0.02 one-time benefit from a LIFO credit. That's down from $0.90, including a $0.02 benefit, in the year-ago period. The Thomson Reuters mean analyst estimate, usually ex-items, was for $0.58. Sales fell 3% to $21.89 billion. The Street looked for $17 billion. Family Dollar (FDO) reports Q4 EPS of $0.43 vs $0.38 a year earlier but is shy of the Thomson Reuters mean analyst estimate for $0.47. Sales rose 2.6% to $1.8 billion, about in line with the Street view.

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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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