Wednesday's ETF Winners & Losers
Exchange-traded funds tracking the Internet sector were surging Wednesday on the back of Amazon.com's (AMZN) blowout quarter.
Following Thursday's close, Amazon easily beat analysts' expectations for the second quarter. After several firms upgraded its stock early Wednesday, Amazon was soaring by 24%.
The Internet HOLDRs (HHH) was adding $3.31, or 5.6%, to $62.22. The First Trust Dow Jones Internet Index (FDN) was recently up 61 cents, or 2.4%, to $25.99. The Internet Infrastructure HOLDRs (IIH) tacked on 7 cents, or 1.3%, to $5.57.
Insurance-related ETFs were also trading higher after both The Chubb Corporation (CB) and Aflac (AFL) posted better-than-expected second-quarter earnings. Both Chubb and Aflac shares were jumping by more than 6%.The KBW Insurance (KIE) ETF was rising 81 cents, or 1.4%, to $57.12. The iShares Dow Jones U.S. Insurance (IAK) ETF was adding 68 cents, or 1.3%, to $53.88. The PowerShares Dynamic Insurance (PIC) ETF was gaining 16 cents, or 0.9%, to $18.03. Elsewhere, biotech ETFs were celebrating a 16% jump in shares of Alexion Pharmaceuticals (ALXN), which narrowed its second-quarter loss compared to a year ago and came in ahead of Wall Street's expectations. The First Trust Amex Biotechnology Index (FBT) was climbing 40 cents, or 1.7%, to $24.47. The SPDR S&P Biotech (XBI) was higher by 54 cents, or 1.1%, to $52.04. The iShares Dow Jones U.S. Aerospace & Defense (ITA) ETF was also gaining ground after holding General Dynamics (GD) beat estimates with its quarterly earnings report. General Dynamics was recently up almost 3%, and the ETF was adding 64 cents, or 1%, to $65.97. Basic materials-related bundled securities were among the biggest losers of the session. Among individual stocks, U.S. Steel (X), Nucor (NUE), DuPont (DD), Consol Energy (CNX) and Arch Coal (ACI) slumped 2% or more. The Ultra Basic Materials ProShares (UYM) ETF dropped $2.78, or 3%, to $91.48. The Materials Select Sector SPDR (XLB) was losing 94 cents, or 2.2%, to $40.96. The iShares Dow Jones U.S. Basic Materials (IYM) ETF was down $1.47, or 2%, to $71.02. The Vanguard Materials (VAW) ETF was shedding $1.62, or 1.9%, to $85.41.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV