Winners & Losers
Thursday's ETF Winners & Losers
Robert Holmes
03/22/07 - 04:10 PM EDT
Bundled securities tracking the energy sector were among the best performers of the session Wednesday as the front-month May crude contract jumped $1.65 to $61.26 a barrel.
The United States Oil (USO Quote) ETF was adding 2.5% to $50. The iPath Goldman Sachs Crude Oil Index (XES Quote) ETF rose 2.3% to $36.40. The PowerShares Dynamic Energy Exploration (PXE Quote) ETF was climbing 2.3% to $20.25, and the Energy Select Sector SPDR (XLE Quote) ETF was recently up 2.2% to $60.05.
The SPDR S&P Pharmaceuticals (XPH Quote) was also rising. Holding Mylan Laboratories (MYL Quote) was recently up 5% despite a federal court ruling that prevents it from selling its own version of an epilepsy drug. The ETF was adding 50 cents, or 1.5%, to $34.42.
On the other hand, the Broadband HOLDRs (BDH Quote) ETF was one of the biggest losers. Holding Motorola (MOT Quote) was shedding 6.6% a day after saying that it would post a first-quarter loss and fall short of analysts' sales targets by a wide margin. The ETF was giving back 38 cents, or 2.4%, to $15.86.
Motorola's weakness spilled over into semiconductor names, dragging related ETFs lower. The PowerShares Dynamic Semiconductors (PSI Quote) was losing 1.4% to $18.18. The iShares Goldman Sachs Semiconductor (IGW Quote) was down 1.4% to $61.40, and the SPDR Semiconductor (XSD Quote) ETF eased 1.2% to $49.70. The Semiconductors HOLDRs (SMH Quote) ETF was off by 1.2% to $34.19.