Earnings seasons is chugging along and this week brings mammoth tests for the high-flying communication services and technology sectors. Consider this week of “not fooling around” earnings reports because technology and communication services stocks combine for about 34.60% of the S&P 500’s weight.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Here's the run down of big name technology and communication services stocks reporting earnings this week: Apple (NASDAQ: AAPL) delivers results on Jan. 28. The following day, Facebook (NASDAQ: FB) and Microsoft (NASDAQ: MSFT) report. Amazon (NASDAQ: AMZN) reports on Jan. 30.” data-reactid=”19″>Here’s the run down of big name technology and communication services stocks reporting earnings this week: Apple (NASDAQ: AAPL) delivers results on Jan. 28. The following day, Facebook (NASDAQ: FB) and Microsoft (NASDAQ: MSFT) report. Amazon (NASDAQ: AMZN) reports on Jan. 30.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="And while Feb. 3 is next week, that date is worth remembering because that's when Google parent Alphabet (NASDAQ: GOOG GOOGL) steps into the earnings confessional.” data-reactid=”20″>And while Feb. 3 is next week, that date is worth remembering because that’s when Google parent Alphabet (NASDAQ: GOOG GOOGL) steps into the earnings confessional.
Here are some exchange traded funds that will be in the earnings spotlight over the next several days.
Technology Select Sector SPDR (XLK)
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="After a monster year in 2019, the Technology Select Sector SPDR (NYSE: XLK) is off to a stellar start in 2020 with a gain of 6.3%. That will be tested this week because XLK, the largest tech ETF by assets, will be under earnings scrutiny in significant fashion.” data-reactid=”23″>After a monster year in 2019, the Technology Select Sector SPDR (NYSE: XLK) is off to a stellar start in 2020 with a gain of 6.3%. That will be tested this week because XLK, the largest tech ETF by assets, will be under earnings scrutiny in significant fashion.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="View more earnings on QQQ” data-reactid=”24″>View more earnings on QQQ
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Apple and Microsoft combine for nearly 40% of this fund’s weight, exposure to those names that’s comparable among other cap-weighted tech ETFs.” data-reactid=”25″>Apple and Microsoft combine for nearly 40% of this fund’s weight, exposure to those names that’s comparable among other cap-weighted tech ETFs.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="And don't forget that Visa (NYSE: V), 5.33% of XLK’s roster, also reports later this week.” data-reactid=”26″>And don’t forget that Visa (NYSE: V), 5.33% of XLK’s roster, also reports later this week.
Communication Services Select Sector SPDR (XLC)
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Communication Services Select Sector SPDR (NYSE: XLC) is the oldest and largest ETF dedicated to this sector. More importantly, its the ETF with the largest Facebook weight as the social media giant accounts for almost 20% of XLC’s roster, according to issuer data.” data-reactid=”28″>The Communication Services Select Sector SPDR (NYSE: XLC) is the oldest and largest ETF dedicated to this sector. More importantly, its the ETF with the largest Facebook weight as the social media giant accounts for almost 20% of XLC’s roster, according to issuer data.
As noted earlier, Alphabet reports earnings next week and the GOOG and GOOGL classes of that stock combine for 23.5% of XLC’s roster.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="However, there's more to consider this week with XLC as AT&T (NYSE: T) and Verizon (NYSE: VZ), a combined 8.40% of the fund’s weight, also report earnings.” data-reactid=”30″>However, there’s more to consider this week with XLC as AT&T (NYSE: T) and Verizon (NYSE: VZ), a combined 8.40% of the fund’s weight, also report earnings.
Invesco QQQ (QQQ)
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Invesco QQQ (NASDAQ: QQQ) makes for a predictable ETF to consider over the next few days because it devotes 69% of its weight to technology and communication services stocks.” data-reactid=”32″>The Invesco QQQ (NASDAQ: QQQ) makes for a predictable ETF to consider over the next few days because it devotes 69% of its weight to technology and communication services stocks.
Apple and Microsoft combine for nearly 23% of QQQ’s weight while Amazon, Facebook and Google and combine for another 20.60%.
0
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See more from Benzinga” data-reactid=”35″>See more from Benzinga
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.” data-reactid=”38″>© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Add Comment