ETF Trends
04-23-2008, 04:20 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/23/green_apple_logo.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/23/green_apple_logo.jpg)Two highly anticipated earnings reports came out after the market close, and the good news could lift related exchange traded funds (ETFs).
First, Amazon.com (AMZN (http://finance.yahoo.com/q?s=AMZN)) came out with its numbers. The web retailer says its first-quarter profit rose 29%, beating expectations on Wall Street. The numbers were helped by overseas sales, reports the Associated Press (http://biz.yahoo.com/ap/080423/earns_amazon.html). The numbers are up 31% from one year ago.
Apple (AAPL (http://finance.yahoo.com/q?s=aapl)) also blasted through expectations with its numbers, announcing earnings of $1.16 a share, reports CNBC (http://www.cnbc.com/id/24278456). Analysts had been expecting $1.07 a share. The stock was trading nearly 4% higher in after-hours tradings.
This news follows Yahoo's (YHOO (http://finance.yahoo.com/q?s=yhoo)) positive numbers from yesterday (http://www.etftrends.com/2008/04/yahoomicrosoft.html), and Google's (GOOG (http://finance.yahoo.com/q?s=goog)) strong earnings report from last week (http://www.etftrends.com/2008/04/google-gives-ea.html). Microsoft (MSFT (http://finance.yahoo.com/q?s=msft)) is going to report its earnings tomorrow after the closing bell.
The technology sector could be something to watch tomorrow.
Amazon and Apple are major components of several ETFs, including:
Retail HOLDRs (RTH (http://finance.yahoo.com/q?s=RTH)): Amazon is 5%; up 1% year-to-date
Internet HOLDRs (HHH (http://finance.yahoo.com/q?s=hhh)): Amazon is 21.7%; down 3% year-to-date
Technology Select Sector SPDR (XLK (http://finance.yahoo.com/q?s=xlk)): Apple is 5%, down 10.5% year-to-date
iShares Dow Jones US Technology (IYW (http://finance.yahoo.com/q?s=iyw)): Apple is 6.6%, down 10.3% year-to-date
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/276430619/apple-amazon-co.html)
http://www.etftrends.com/images/2008/04/23/green_apple_logo.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/23/green_apple_logo.jpg)Two highly anticipated earnings reports came out after the market close, and the good news could lift related exchange traded funds (ETFs).
First, Amazon.com (AMZN (http://finance.yahoo.com/q?s=AMZN)) came out with its numbers. The web retailer says its first-quarter profit rose 29%, beating expectations on Wall Street. The numbers were helped by overseas sales, reports the Associated Press (http://biz.yahoo.com/ap/080423/earns_amazon.html). The numbers are up 31% from one year ago.
Apple (AAPL (http://finance.yahoo.com/q?s=aapl)) also blasted through expectations with its numbers, announcing earnings of $1.16 a share, reports CNBC (http://www.cnbc.com/id/24278456). Analysts had been expecting $1.07 a share. The stock was trading nearly 4% higher in after-hours tradings.
This news follows Yahoo's (YHOO (http://finance.yahoo.com/q?s=yhoo)) positive numbers from yesterday (http://www.etftrends.com/2008/04/yahoomicrosoft.html), and Google's (GOOG (http://finance.yahoo.com/q?s=goog)) strong earnings report from last week (http://www.etftrends.com/2008/04/google-gives-ea.html). Microsoft (MSFT (http://finance.yahoo.com/q?s=msft)) is going to report its earnings tomorrow after the closing bell.
The technology sector could be something to watch tomorrow.
Amazon and Apple are major components of several ETFs, including:
Retail HOLDRs (RTH (http://finance.yahoo.com/q?s=RTH)): Amazon is 5%; up 1% year-to-date
Internet HOLDRs (HHH (http://finance.yahoo.com/q?s=hhh)): Amazon is 21.7%; down 3% year-to-date
Technology Select Sector SPDR (XLK (http://finance.yahoo.com/q?s=xlk)): Apple is 5%, down 10.5% year-to-date
iShares Dow Jones US Technology (IYW (http://finance.yahoo.com/q?s=iyw)): Apple is 6.6%, down 10.3% year-to-date
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/276430619/apple-amazon-co.html)