ETF Outlook for Tuesday, April 22, 2014
PowerShares Dynamic Media ETF (NYSE: PBS)
After hours yesterday streaming video company Netflix (NASDAQ: NFLX) reported strong quarterly earnings and announced they would be raising the monthly subscription price.
New customers will be paying an additional dollar or two within a few months and it did not deter investors from buying into the stock as it traded higher by 6.5 percent after the announcement. The stock is the seventh largest holding in PBS, making up 4.2 percent of the portfolio. Look for PBS and NFLX to both be on the move Tuesday.
iShares U.S. Pharmaceutical ETF (NYSE: IHE)
A $45 billion deal could be in the works in the drug sector. News out that Valeant Pharmaceuticals (NYSE: p>
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