Retek, CheckFree Boost B2B HOLDR
Strong fundamental news in the B2B
group Tuesday lifted the B2B HOLDR while the rest of tech-focused
exchange-traded funds had a good day.
The B2B HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) rose 10.5%, the
day’s largest
gain among the U.S.-focused exchange-traded
funds.
The basket of business-to-business
Nets got help from news-triggered price gains among the components. Retek
(
RETK |
Quote |
Chart |
News |
PowerRating)
reported Q4 revenue rose 181% to $32.0 million. Excluding non-cash items, the
software company realized a loss of eight cents a share vs. 18 cents in the
fourth quarter of 1999. The stock surged 16.7%.
After the close, online billing
services provider CheckFree
(
CKFR |
Quote |
Chart |
News |
PowerRating) Dec. 31 second quarter showed an operating loss of
six cents a share, a penny better than estimates, according to First
Call/Thomson Financial. Revenue increased 48% to $107.7 million.
Among the other B2B Internet HOLDR
stocks, Commerce One
(
CMRC |
Quote |
Chart |
News |
PowerRating) advanced 19.4%, Ariba
(
ARBA |
Quote |
Chart |
News |
PowerRating) 13.5%.
FreeMarkets
(
FMKT |
Quote |
Chart |
News |
PowerRating) failed to benefit from the group strength. The stock
lost 18.7% after the company posted strong Q4 results but failed to repeat its
common practice of raising future guidance.
Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
added 6.0%, the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) 4.4%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating)
4.2%, the Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 3.5%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating)
3..3%.
The top field of all charts in this
commentary uses a logarithmic price scale and displays a 50-day price average in
red. 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.