Among the largest underlying components of IEV, in trading today ArcelorMittal SA (Symbol: MT) is down about 0.7%, InterContinental Hotels Group plc (Symbol: IHG) is trading flat, and National Bank Of Greece S A (Symbol: NBG) is higher by about 1.4%. The chart below shows the one year price performance of IEV, versus its 200 day moving average: Looking at the chart above, IEV’s low point in its 52 learn more week range is $41.07 per share, with $50.72 as the 52 week high point – that compares with a last trade of $46.48. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
Retail ETFs Surging on Improved Q2 Earnings – ETF News And Commentary – NASDAQ.com
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 unchanged after posting gains in the previous session. Qunar Cayman Islands (QUNR) was up 5% after the Chinese travel-booking website reported late Thursday its revenue more than doubled in the second quarter. Revenue increased to RMB 400.4 million ($64.5 million) in the April-to-June period, from RMB 176.1 million a year earlier. That beat the $56 million average estimate of 8 analysts polled by Capital IQ.
Notable ETF Outflow Detected – IEV, MT, IHG, NBG – NASDAQ.com
Some are doing aggressive online advertising and community outreach. Others tout their upscale amenities like plush towels and marble baths. A bathhouse in Ohio has even added hotel rooms and a nightclub. Owners say greater acceptance of gays in society has helped lessen the need for bathhouses. Gone are the days when bathhouses drew crowds just by offering a discreet place for gays to meet, share saunas and, often, have sex.
As gay acceptance rises and hooking up goes online, US bathhouses adapt to stay in business | Fox Business
Winners and Losers Financial Select Financial Sector SPDRs (XLF) was down 0.09%; Direxion Daily Financial Bull 3X shares (FAS) was flat while its bearish counterpart, Direxion Daily Financial Bear 3X shares (FAZ), was up 0.18%. Leju Holdings (LEJU) was down 8.97% after it reported Q2 EPS that missed analyst estimates and revenues that topped expectations, fueled in large part by an increase in revenues from the e-commerce services segment. The company reported Q2 earnings per ADS of $0.15, up from $0.10 in Q2 2013 but missing analyst estimates of $0.16. Total revenues of $117.36 million were up from $71.85 million in Q2 2013 and beat analyst projections of $113.78 million. Revenues from e-commerce services increased by 159% year-over-year to $68.3 million for the quarter, while revenues from online advertising services increased by 11% and revenues from listing services decreased by 15%. The company is maintaining its previous fiscal year 2014 total revenue guidance of approximately $500 million to $520 million, which would represent an increase of approximately 49% to 55% from $335.4 million in 2013.
ETF Preview: ETFs, Futures Flat to Lower Ahead of FOMC Meeting Minutes – NASDAQ.com
The tribe that owns the country’s largest resort casino is showing new signs of strain under the weight of its billion-dollar debt, saying it has had to review its options with senior lenders as a slump batters the Foxwoods Resort Casino. The Mashantucket Pequot (mash-ehn-TUHK’-eht PEE’-kwaht) Tribal Nation has reportedly been selling off land near its reservation in southeastern Connecticut. And in a report this week, credit rating agency Standard & Poor’s lowered its rating for the tribe and said the chances of a debt default appear to be growing. The tribe has entered discussions with senior lenders over what it calls “failure to comply with certain financial covenants.” The tribe says the underlying business remains strong at Foxwoods and the recent struggles don’t affect the casino’s projected liquidity.
As gaming slump continues at Foxwoods, tribal owners show new signs of strain under debt | Fox Business
Total earnings from 91.3% of the sector’s total market capitalization reported so far are up only 2% on 5.6% revenue growth. This is, however, better than no earnings growth and 3.6% revenue growth in Q1. Earnings surprises were predominantly zero for retailers, with only 44.1% of the companies beating earnings estimates, the second lowest in the S&P 500, and 52.9% beating revenues. Though earnings beat ratio is below the four-quarter average of 54.4%, this is higher than 38.2% in Q1 (read: Can Carl Icahn Revitalize Retail ETFs? ).