The past week was a relatively unstable one for major equities, as markets teetered back and forth based on economic data and outlooks from all over the world. But earnings season will go into full throttle this week, as some of the world’s biggest and most significant firms detail their most recent quarter. So far, we have seen big news from companies like Google, who beat their marks and also announced a share split, shooting the stock upwards. Friday watched both Wells Fargo and JP Morgan beat their targets, though China’s weak GDP result overshadowed any win in the financial sector. With the coming week packed full of major earnings, we will keep a close eye on three sector SPDRs that would make any arachnophobic cringe [see also 12 High-Yielding Commodities For 2012]. Financial Select Sector SPDR (XLF) XLF is one of the most popular financial funds in the world, with nearly $7 billion in [...] Click here to read the original article on ETFdb.com. Related Posts: AdvisorShares Rolls Out SectorSAM ETF (SSAM) ETFs & Sector Rotation: Large Cap, Small Cap, Or International? Sector ETFs During The Correction: XLE Slides, XLP Holds Ground Nine Twists On Sector ETF Investing All Better Now? Many ETFs Climb Back Near Pre-Recession Levels
The past week was a relatively unstable one for major equities, as markets teetered back and forth based on economic data and outlooks from all over the world. But earnings season will go into full throttle this week, as some of the world’s biggest and most significant firms detail their most recent quarter. So far, we have seen big news from companies like Google, who beat their marks and also announced a share split, shooting the stock upwards. Friday watched both Wells Fargo and JP Morgan beat their targets, though China’s weak GDP result overshadowed any win in the financial sector. With the coming week packed full of major earnings, we will keep a close eye on three sector SPDRs that would make any arachnophobic cringe [see also 12 High-Yielding Commodities For 2012]. Financial Select Sector SPDR (XLF) XLF is one of the most popular financial funds in the world, with nearly $7 billion in [...]
Click here to read the original article on ETFdb.com.
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