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[EZ2]

Several benchmarks to look back on as we now move forward --- into a bright, new and exciting world !

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ETF Preview: ETFs, Futures Cautious Ahead of Trump Inauguration

MIDNIGHT TRADER 9:17 AM ET 1/20/2017

Symbol Last Price Change
JNUG 8.3399 +0.0599 (+0.72%)
NUGT 9.93 +0.12 (+1.22%)
XLK 49.89 +0.36 (+0.73%)
IPK 34.96 0 (0%)
FAS 41.02 +0.43 (+1.06%)
USO 11.43 +0.26 (+2.33%)
UNG 8.25 -0.03 (-0.36%)
GLD 114.57 -0.2 (-0.17%)
VDC 136.12 +1.12 (+0.83%)
VHT 129.67 +0.36 (+0.28%)
QUOTES AS OF 09:52:46 AM ET 01/20/2017

09:17 AM EST, 01/20/2017 (MT Newswires) -- Active broad-market exchange-traded funds in Friday's pre-market session:

Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG) : +0.2%

SPDR S&P 500 (SPY): +0.4%

VanEck Vectors Gold Miners ETF (GDX): -0.04.%

SPDR Select Sector Fund - Financial (XLF): +0.5%

Direxion Daily Gold Miners Index Bull 3X Shares (NUGT) : -0.1%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM and IVV were modestly higheR. Actively traded PowerShares QQQ (QQQ) was up 0.4%.

U.S. stock futures were edging lower ahead of Donald Trump's inauguration as U.S president, with Wall Street waiting for his inaugural address to determine his economic priorities and policy changes that would affect the economy.

Investors are also expected to keep an eye on corporate earnings.

There are no economic data due for release on Friday.

Federal Reserve Presidents Patrick Harker and John Williams are scheduled to give speeches in New Jersey and San Francisco, respectively.

Power Play: Technology

Tech funds Technology Select Sector SPDR ETF(XLK) , iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were quiet in pre-market trading. SPDR S&P International Technology Sector ETF(IPK) was also flat.

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were inactive.

Skyworks Solutions (SWKS) was up 7.7% after it reported late Thursday Q1 revenue of $914.3 million, better than the analyst consensus of $902.6 million on Capital IQ. Earnings were $1.61 per share, ahead of the Street view of $1.58 per share. For Q2, the company expects revenue of $840 million, vs. the Street view of $817 million. EPS is seen at $1.40 per share, vs. expectations of $1.39 per share. The company also approved a new $500 million stock buyback program.

Winners and Losers

Financial

Select Financial Sector SPDRs (XLF) was up 0.5%. Direxion Daily Financial Bull 3X shares(FAS) was up 0.9% and its bearish counterpart, FAZ was down 0.3%.

HSBC Holdings (HSBC) was down 0.02% after Reuters reported that the bank has started cutting around 100 senior investment banking jobs this week. The report cited unnamed people with knowledge of the matter. The report said the cuts are being done at managing director and director level in the Global Banking & Markets division.

Energy

Dow Jones U.S. Energy Fund (IYE) was flat while Energy Select Sector SPDR (XLE) was up 0.5% in pre-market trade.

Abraxas Petroleum (AXAS) was down 6% after the company priced an upsized underwritten public offering of 25 million shares at $2.40 apiece, a discount of 11% on Thursday's close of $2.69. Abraxas Petroleum has granted the underwriters a 30-day option to purchase up to 3.75 million additional shares of common stock.

Commodities

Crude was up 1.7%. United States Oil Fund(USO) was up 1.9%. Natural gas was down 1.6% while United States Natural Gas Fund(UNG) was down 0.2%.

Gold was up 0.2%. SPDR Gold Trust(GLD) was down 0.1%. Silver was up 0.1% while iShares Silver Trust SLV) was down 0.3%.

Consumer

Consumer staples funds Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer Staples ETF(VDC) , and iShares Dow Jones US Consumer Goods (IYK) were unchanged.

Consumer Discretionary Select Sector SPDR (XLY) and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were also flat.

Procter & Gamble (PG) was up 2.9% after the company reported fiscal Q2 results which just beat views compiled by Capital IQ and raised its FY17 outlook on organic sales growth. For Q2 ended Dec. 31, core EPS was $1.08 per share, up from $1.04 per share a year earlier and two cents above the consensus. Revenues were $16.86 billion, down from $16.92 billion in the year-ago quarter and just above the $16.77 billion average estimate. Looking ahead, P&G expects FY17 organic sales growth of 2% to 3% compared to a prior view for 2% growth. The company also expects FY17 all-in sales to be in line with the prior year. The consumer products giant also said it continues to expect core EPS growth of mid-single digits compared to FY16 core EPS of $3.67 a share, Analysts are expecting EPS of $3.85.

Health Care

Health care funds Health Care SPDR (XLV), Vanguard Health Care ETF(VHT) and iShares Dow Jones US Healthcare (IYH) were flat. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was flat.

Concert Pharmaceuticals (CNCE) was up 7.9% as the company said the U.S. Food and Drug Administration has granted orphan drug designation to CTP-656 that is in development for the treatment of cystic fibrosis. The company started a phase 2 trial on the drug in December and expects results by year-end 2017. The designation grants incentives for companies to develop products for rare diseases affecting fewer than 200,000 people in the United States. Incentives may include tax credits related to clinical trial expenses, an exemption from the FDA user fee, FDA assistance in clinical trial design and potential market exclusivity for seven years following approval.

Price: 226.63, Change: +0.72, Percent Change: +0.32

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