The Internet Architecture HOLDRs (IAH Quote) was one of Thursday's best performing exchange-traded funds, as holdings IBM (IBM Quote) and Juniper Networks (JNPR Quote) jumped on better-than-expected earnings.
Following Thursday's close, IBM said it had a second-quarter profit of $1.50 a share, excluding a gain from the sale of its printing division, which beat the Thomson Financial average estimate by 3 cents a share. Shares of IBM were up more than 4%. Meanwhile, Juniper surged 12% after the networking company raised its sales forecast. The Internet Architecture HOLDRs was recently up $1.37, or 2.7%, to $51.58. The Software HOLDRs (SWH Quote) ETF also benefited from strong tech earnings results. German business software giant SAP (SAP Quote), which is one of the ETF's holdings, saw second-quarter revenue and operating income jump 10%, and shares rose 7%. The ETF was recently up $1.06, or 2.5%, to $42.94. Bundled securities tracking utilities were also among the winners of the day. Among individual names, Exelon (EXC Quote), FirstEnergy (FE Quote) and FPL Group (FPL Quote) were higher by 1.7% or more. The Ultra Utilities ProShares (UPW Quote) was rising $2.78, or 3.3%, to $85.98. The PowerShares FTSE RAFI Utilities (PRFU Quote) was adding $1.15, or 2%, to $60.07. The Utilities Select Sector SPDR (XLU Quote) gained 46 cents, or 1.1%, to $40.96. On the losing side, health care-related bundled securities were losing ground, pressured by a second-quarter revenue miss by UnitedHealth Group (UNH Quote). The iShares Dow Jones U.S. Healthcare Provider (IHF Quote) was recently down 71 cents, or 1.2%, to $59.64. The Health Care Select Sector SPDR (XLV Quote) was losing 30 cents, or 0.8%, to $35.45. While most tech earnings results were benefiting ETFs, concerns about online operations hampered eBay's (EBAY Quote) stock following its second-quarter earnings report. eBay, which is a holding of the Internet HOLDRs (HHH Quote), was recently down 1.5%. The ETF was shedding 65 cents, or 1.1%, to $60.90.- Loading Comments...
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