A Leveraged Play For Earnings Season (UKW)

With scores of companies scheduled to deliver quarterly earnings updates in the coming weeks, one ETF that could be a good play for earnings season is the Ultra Russell MidCap Growth ProShares ETF (NYSE: UKW).

UKW delivers twice the daily performance of the Russell MidCap Growth index, which tracks hundreds of noteworthy mid-cap stocks. As a leveraged ETF, UKW's biggest holding is index swaps, but the ETF does hold plenty of stocks like Avon (NYSE: AVP), Coach (NYSE: COH) and Lorillard (NYSE: LO).

UKW's exposure to a plethora of mid-cap names that are highly regarded in their respective sectors makes the ETF worth a look as an earnings play as well as a good idea for the analyst upgrade cycle which appears to be in full swing right now.