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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. ...
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