An ETF Play For Medtronic's Earnings (IHI)
Medtronic (NYSE: MDT), the world's largest medical device maker, reports fiscal second-quarter earnings before the bell and analysts are looking for a profit of 74c on revenue of $3.57B.
If you're looking for an ETF play on Medtronic's numbers, try the iShares Dow Jones US Medical Devices ETF (NYSE: IHI). The ETF Professor recommended IHI on November 4 and the ETF is up about 1.5% since that call.
IHI also holds St. Jude Medical (NYSE: STJ) and Boston Scientific (NYSE: BSX) among other names, but Medtronic is the largest holding at 10.71%, so keep an eye on IHI tomorrow and perhaps beyond as a longer-term play.
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