3 ETFs For Google Earnings (GOOG, FDN, IYW)

Thursday's major after-hours news came in the form of Google

, the largest U.S. Internet search provider, announcing its

. California-based Google said its first-quarter profit rose to $2.89 billion, or $8.75 a share, from a profit of $1.8 billion, or $5.51 a share, a year earlier. Adjusted revenue, minus total acquisition costs, was $8.14 billion with an adjusted profit of $10.08 a share. Google also announced the creation of a new share class, which it compared to stock split, but the gambit is really about founders Larry Page and Sergey Brin maintaining control of Google's shares with voting rights. In other words, the new shares may be used for acquisitions, employee compensation and other corporate uses, but those shares will have not voting rights and this does NOT amount to a split. As is the case with Apple

and Priceline

, Google trades at a price tag (over $650 in Thursday's after-hours session) that is unapproachable to many investors, making

. With that, let's have a look at some ETFs that will be in play on Friday thanks to the Google earnings report.

Even though Google's market cap is north of $200 billion, the stock doesn't get a double-digit allocation in a lot of ETFs. It does in FDN. In fact, Google is the largest component in this ETF with a weight of 10.3%. If Google rallies on Friday and Amazon

and/or Priceline pitch in, FDN should be able to follow on Thursday's strong volume gain of almost 2%. If Google sells off, FDN's ability to hold support at $36 could be tested.

As we said, not a lot of ETFs offer double-digit allocations to Google so PNQI's almost 8.1% weight to the Internet giant is at the higher end of the Google/ETF spectrum. It might burn Google's ego a bit to learn rival Baidu

is PNQI's second-largest holding. Google is the ETF's fourth-largest component.

The iShares Dow Jones U.S. Technology Sector Index Fund devotes a 6.43% weight to Google and if Google's tide lifts the tech sector's sails, then IYW could be in for a solid run over the next couple of days. On the other hand, IYW is known for one thing and that one thing isn't that Google charts this ETF's course. Rather, IYW has

for being the ETF with largest weight to Apple. That weighting stood at 22.84% at the close of trading Wednesday. In other words, if Apple is down, it's hard to imagine IYW trading higher. The same sentiment can extended to the Technology Select Sector SPDR

which gives Google a weight of 5.5%, but Apple a weight of 19.9%. For more on ETFs heavy on big name momentum stocks, please click

.