Stock markets logged another session in green territory as upbeat earnings results collided with optimistic speculation that Spain would soon request bailout assistance. Positive economic data at home also helped to restore investors’ confidence in the recovery; industrial production in September increased by 0.4%, marking a major improvement from the previous month’s reading, which showed a contraction of 1.4% [see 101 ETF Lessons Every Financial Advisor Should Learn]. Earnings season will continue full steam ahead and pharmaceutical giant Abbot Laboratories (ABT) will come into spotlight as the company reports quarterly performance results in the morning. As such, the iShares Dow Jones U.S. Pharmaceutical Index Fund (IHE, B+) is our ETF to watch for the day given that Abbot holds the number four spot in its top-ten holdings, accounting for 7.25% of total assets [see Free 7 Simple & Cheap All-ETF Portfolios]. Chart Analysis Analysts are expecting fiscal year earnings of $5.06 per share with quarterly revenues totaling [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs In Focus As Election Nears 10 Equity ETFs That Surged In 2011 (And Might Do The Same In 2012) New Pharma ETN (DRGS) Hits The Market The Pharma Four: Similar ETFs, Different Returns ETF Insider: Run For The Hills!
Stock markets logged another session in green territory as upbeat earnings results collided with optimistic speculation that Spain would soon request bailout assistance. Positive economic data at home also helped to restore investors’ confidence in the recovery; industrial production in September increased by 0.4%, marking a major improvement from the previous month’s reading, which showed a contraction of 1.4% [see 101 ETF Lessons Every Financial Advisor Should Learn]. Earnings season will continue full steam ahead and pharmaceutical giant Abbot Laboratories (ABT) will come into spotlight as the company reports quarterly performance results in the morning. As such, the iShares Dow Jones U.S. Pharmaceutical Index Fund (IHE, B+) is our ETF to watch for the day given that Abbot holds the number four spot in its top-ten holdings, accounting for 7.25% of total assets [see Free 7 Simple & Cheap All-ETF Portfolios]. Chart Analysis Analysts are expecting fiscal year earnings of $5.06 per share with quarterly revenues totaling [...]
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