Sure, Friday's trading is probably going to be held hostage by the January jobs report, but that doesn't mean there aren't other opportunities for traders to take advantage of today. Here are a few ETFs that are going to be in play on the back of earnings reports from some of their top holdings.
1) Market Vectors Gaming ETF
BJK:
Let's see, Las Vegas Sands
LVS reported disappointing fourth-quarter revenue numbers after the bell Thursday and that name equals more than 11% of BJK's weight. The Las Vegas Sands news could be a drag on rival Wynn Resorts
, which accounts for 7% of BJK.
2) iShares MSCI All Peru Capped Index Fund
EPU:
Credicorp
BAP, Peru's largest financial holding company and EPU's third-largest constituent at almost 14% of the ETF's weight reported a 6% jump in fourth-quarter profits on Thursday night, but how the market reacts to a 10.5% jump in operating costs and 9.7% rise in loan-loss provisions will be critical for Credicorp's and perhaps EPU's Friday performance.
3) Guggenheim Timber ETF
CUT and/or the iShares S&P Global Timber & Forestry Index Fund
WOOD: Weyerhaeuser
WY reports earnings before the bell and the company is the top holding in both CUT and WOOD, though the stock gets a bigger weight in WOOD at almost 9.5% compared almost 5.5% in CUT.
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BAPCredicorp Ltd
$223.900.38%
Edge Rankings
Momentum
86.35
Growth
80.43
Quality
42.16
Value
Not Available
Price Trend
Short
Medium
Long
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