Healthcare ETFs Cheer Florida Result
Tech-focused ETFs came under more
selling pressure Monday, but tradable funds focused on financial, pharmaceutical,
and cyclical sectors performed well.
The Pharmaceutical HOLDR
(
PPH |
Quote |
Chart |
News |
PowerRating)
gained 3.6%, the day’s sharpest gain among the
funds. The Dow Jones Healthcare iShares
(
IYH |
Quote |
Chart |
News |
PowerRating) added 3.2%.
Drug stocks obviously benefited from
Bush’s certification as the victor in the Florida presidential election. For
more analysis on the drug sector, check out my
The News commentary.
The top field of all charts in this
commentary uses a logarithmic price scale and displays a 50-day price average in
red. In cases where the displayed has traded long enough, the top field also
will exhibit a 200-day moving price average in black. In the second field, a
blue relative strength line represents the displayed security’s price
performance relative to the S&P 500. The third field displays vertical daily
volume bars in black with a 50-day moving average in blue for volume.
Among the Pharmaceutical HOLDR’s
components, Pfizer
(
PFE |
Quote |
Chart |
News |
PowerRating) rose 6.1%, Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) 2.5%, Johnson &
Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) 2.4%, Lilly
(
LLY |
Quote |
Chart |
News |
PowerRating) 4.6%, King Pharmaceutical
(
KG |
Quote |
Chart |
News |
PowerRating) 7.8%.
Andrx
(
ADRX |
Quote |
Chart |
News |
PowerRating) jumped 18.8%.
The Cyclicals-Transportation SPDR
(
XLY |
Quote |
Chart |
News |
PowerRating)
moved ahead 3.6%. The Dow Jones Consumer Cyclical iShares
(
IYC |
Quote |
Chart |
News |
PowerRating) 2.4%.
The Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) gained
2.9%. Some of the biotech stocks seemed to benefit from the same Bush rally cash
flows.
The financial ETFs mended a tad. The
Banking HOLDR
(
RKH |
Quote |
Chart |
News |
PowerRating) 1.5%, the Financial SPDR
(
XLF |
Quote |
Chart |
News |
PowerRating) 1.4%, the Dow Jones
Financial iShares
(
IYF |
Quote |
Chart |
News |
PowerRating) 1.0%.
On the downside, the B2B Internet
HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) fell 9.0% as analysts issued conflicting outlooks for the group.
It was the day’s sharpest loss among the tradable funds.
The Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) lost
5.5%, the Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) 2.9%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating)
2.8%, the Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 1.4%.
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