Rochester,NY 7/10/2009 9:09:19 PM
Morning Stock Report - STT - Alcoa Earnings Lift Basic Materials ETF - Sourced WhisperFromWallStreet.com
State Street Corp.
Morning Stock Report - STT - Alcoa Earnings Lift Basic Materials ETF - Sourced WhisperFromWallStreet.com
Sign in to ensure your settings are saved for next time.X
There is an error saving your settings to your User ID. Please try again later.X
settings
Scrollingonoff
Speedslowmedfast
DisplaySave
9:41am ET: 44.61 Down 0.55 (1.22%)
State Street Corp. STT
Alcoa's (AA - commentary - Trade Now) earnings exceeded Wall Street estimates, helping kick off earnings season on a positive note. The company's CEO also noted that signs of strengthening could be seen in the aluminum market, part of the badly-beat-up basic materials sector tracked by ETFs such as iShares Dow Jones U.S. Basic Materials (IYM - commentary - Trade Now) and Materials Select Sector SPDR ETF (XLB - commentary - Trade Now).
Alcoa comprises 3.93% of XLB and 3.61% of IYM. XLB and IYM slumped over the last year, falling 36.26% and 46.65%, respectively, in the one-year period ending July 8. The funds have shown signs of recovery in 2009, however, and IYM has risen 9.36% year-to-date while XLB has recovered 7.88%. IYM's top three holdings are Praxair (PX - commentary - Trade Now), DuPont (DD - commentary - Trade Now) and Freeport McMoRan (FCX - commentary - Trade Now), while XLB has Monsanto (MON - commentary - Trade Now), Praxair and DuPont.
Last Trade: 44.61
Day's Range: 44.41 - 44.98
52wk Range: 14.43 - 74.85
Volume 157,812
ABOUT - State Street Corp. STT
State Street Corporation, through its subsidiaries, provides a range of products and services for the institutional investors worldwide. It operates in two divisions, Investment Servicing and Investment Management. These divisions provide a range of products and services, which include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and other investment pools, and investment managers. The Investment Servicing division offers a range of services, including custody, product- and participant-level accounting, daily pricing, and administration; master trust and master custody; recordkeeping; shareholder comprising mutual fund and collective investment fund shareholder accounting; foreign exchange, brokerage, and other trading; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and hedge fund manager operations outsourcing; and performance, risk, and compliance analytics.
During 2009 we have sent 40+ alerts with an average gain of over 80%. Below are a few alerts sent only to our whisperfromwallstreet.com members.
SPNG 1800%
AMNG 241%
RKBD 300%
UTRM 169%
TLLE 266%
Sign up now to receive free stock alerts
---
Please Read Our Disclaimer at http://whisperfromwallstreet.com/disclaimer.php
