ETF Outlook For Tuesday, April 29, 2014 (IHE, TAN, XRT, SOCL, TWTR)

Benzinga.com
0 Comments|April 29, 2014

ETF Outlook for Tuesday, April 29, 2014

iShares U.S. Pharmaceutical ETF (NYSE: IHE)

The news regarding U.S.-based drug companies continues to be heavy as earnings hit the wires this morning along with more merger news. Bristol-Myers Squibb (NYSE: BMY) reported earnings above estimates, but revenue below what analysts were looking for. The stock is trading down on the news.

Pfizer (NYSE: PFE) is on the move higher Tuesday as it still attempts a takeover of AstraZeneca (NYSE: AZN). The combo of earnings and merger news will keep IHE in play all day as volatility increases.

Guggenheim Solar ETF (NYSE: TAN)

A downgrade of several China-based solar stocks by Credit Suisse put pressure on the sector and TAN closed the day down 4.4 percent. Even though the move to the downside ...

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