B2B HOLDR Revives
The B2B Internet HOLDR led the
tradable funds Monday as business-to-business stocks rallied ahead of earnings
reports by some of the HOLDR components and bullish analyst remarks about
PurchasePro.com.
The basket of B2Bs jumped 8.1%, the day’s biggest gain among the
funds. Ariba
(
ARBA |
Quote |
Chart |
News |
PowerRating) jumped 8.0%, Commerce One
(
CMRC |
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Chart |
News |
PowerRating)
9.3%, and PurchasePro.com
(
PPRO |
Quote |
Chart |
News |
PowerRating) 28.0%.
Among the other Internet ETFs, the Dow
Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) gained 2.7%, the Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) 2.5%, Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) 2.0%.
The Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) gained
3.0%, boosted by a sympathetic rally with HOLDR component, Human Genome Sciences
(
HGSI |
Quote |
Chart |
News |
PowerRating). The company said Monday that SmithKline Beecham
(
SB |
Quote |
Chart |
News |
PowerRating) exercised its option to jointly develop and market repifermin, a protein
spray that helps to heal sores that plague elderly patients. Human Genome surged
10.5%. Among the other Biotech HOLDR stocks, Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) jumped 9.0%,
Gilead Sciences
(
GILD |
Quote |
Chart |
News |
PowerRating) 2.9%.
On the downside,
the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) diverged from the other Net funds, falling 2.8%.
The HOLDR took a hit from component, Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating), which slumped 7.9%.
The Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) fell
5.7%, the sharpest loss among the ETFs as component, Intel
(
INTC |
Quote |
Chart |
News |
PowerRating), fell 11.6%
on concerns of a price war with rival and HOLDR component, Advances Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating), down 6.9%.
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