With the fourth quarter earnings season well on its way, investors once again faced a slew of mixed reports last week. Bellwether Goldman Sachs (GS) rallied after the company posted fourth quarter earnings that nearly tripled expectations. JP Morgan Chase (JPM) shares, however, declined even after the financial giant exceeded earnings estimates, in part due to the company’s increased mortgage lending profit. Financial giants Bank of America (BAC) and Citigroup (C) both missed expectations, while BlackRock (BLK) and Fifth Third Bancorp (FITB) beat analysts’ forecasts. Meanwhile in economic news, U.S. housing starts popped in December, bucking economists’ expectations. Despite the plethora of seemingly positive data, investors remain cautious as Washington continues its talks concerning the nation’s debt ceiling. Below, we outline three ETFs that should see a fair amount of activity during the week ahead [see also 7 Simple & Cheap ETF Model Portfolio]: 1. CurrencyShares Japanese Yen Trust Why FXY Will Be In Focus: This [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Data Back In Focus As Stimulus Hopes Fade ETF Insider: Beware Of Earnings Volatility ETF Insider: Will Holiday Cheer Be Enough? Daily ETF Roundup: Japan Makes Bold Move 3 ETFs To Watch This Week: EWJ, RTH, XHB
With the fourth quarter earnings season well on its way, investors once again faced a slew of mixed reports last week. Bellwether Goldman Sachs (GS) rallied after the company posted fourth quarter earnings that nearly tripled expectations. JP Morgan Chase (JPM) shares, however, declined even after the financial giant exceeded earnings estimates, in part due to the company’s increased mortgage lending profit. Financial giants Bank of America (BAC) and Citigroup (C) both missed expectations, while BlackRock (BLK) and Fifth Third Bancorp (FITB) beat analysts’ forecasts. Meanwhile in economic news, U.S. housing starts popped in December, bucking economists’ expectations. Despite the plethora of seemingly positive data, investors remain cautious as Washington continues its talks concerning the nation’s debt ceiling. Below, we outline three ETFs that should see a fair amount of activity during the week ahead [see also 7 Simple & Cheap ETF Model Portfolio]: 1. CurrencyShares Japanese Yen Trust Why FXY Will Be In Focus: This [...]
Click here to read the original article on ETFdb.com.
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