ETF Winners and Losers From The Second Week Of Earnings Season

The first week of earnings season brought mixed results from many bellwethers and did not help to give the market any direction heading into the third quarter. The financials sector took a hit with Citigroup and Bank of America both reporting weak revenues numbers while Internet and consumer sectors also slumped on the back of poor outlooks for the rest of 2010. The semiconductor industry was one of the few winners from week one, with Intel announcing strong guidance and posting record quarterly profits. With the mixed results from week one, investors put a variety of big names under the microscope last week in order to give the choppy market some direction going forward. Some of the key companies reporting included Goldman Sachs, Johnson & Johnson, Apple, and Halliburton which overall produced a slightly more upbeat outlook which helped to send the market higher on the week [see ETF Winners And Losers From First Week Of Earnings Season]. Although [...] Click here to read the original article on ETFdb.com. Related Stories: ETF Winners And Losers From First Week Of Earnings Season Earnings Season Kicks Off: ETF Winners And Losers Technology ETFs In Focus As Yahoo And Apple Report Earnings