Market Overview

Five ETFs For Apple Earnings


Those not living under a rock know that Apple (Nasdaq: AAPL) reports its fiscal fourth-quarter results today. To say the iPad maker manages its earnings well is a vast understatement. Analysts expect Apple to post a profit of $7.27 per share on revenue of $29.3 billion in what will be the first earnings report since the passing of Steve Jobs.

There are no shortage of issues investors will be keeping an eye on when Apple delivers results after the close. Cash on hand and iPad and iPhone sales chief among them. Fortunately, there's no shortage of ETFs with which to trade on Apple's earnings report. You know, just in case you don't want to pay $420 for a stock.

PowerShares QQQ (Nasdaq: QQQ): The Nasdaq tracking ETF devotes over 15% of its weight to Apple. QQQ will also be in play because Intel (Nasdaq: INTC) reports today after the bell and Amazon (Nasdaq: AMZN) reports next Tuesday. The ETF has already put in a monster October run, but a move above $60 would signal that run isn't over.

Technology Select Sector SPDR (NYSE: XLK): Apple also accounts for over 15% and Intel is another top-10 holding, so nearly 20% of XLK's weight steps into the earnings confessional today after the close. Trading just below $26, XLK is a tad overbought, but that would mean nothing if the ETF can jump to $27.

First Trust ISE Cloud Computing Index Fund (Nasdaq: SKYY): Apple only accounts for about 3.4% of the newly minted First Trust ISE Cloud Computing Index Fund and Amazon gets another 4.7%, so the next week could be an interesting one for this ETF. After a double bottom at $15, SKYY is facing stiff resistance at $18. Will Apple help SKYY reach for the sky? We shall see.

Vanguard Information Technology ETF (NYSE: VGT): Apple accounts for over 14% of VGT's weight and Intel is another top-10 holding. In other words, we're seeing a pattern here and that is Tuesday afternoon is pivotal to the near-term fortunes of the tech sector. On a percentage basis, VGT might be offering some value as it could run to from just over $62 back to the $67 area or higher by year-end.

iShares S&P Global Technology Sector Index Fund (NYSE: IXN): The iShares S&P Global Technology Sector Index Fund devotes 13.5% of its weight to Apple and almost 4.4% to Intel. Support looks to be firming at $58 and a break of resistance at $62 probably takes IXN back to its 52-week just below $66.

Posted-In: Earnings Long Ideas News Sector ETFs Broad U.S. Equity ETFs Short Ideas Specialty ETFs New ETFs


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