Hewlett-Packard HPQ is set to report earnings after the bell, and analysts are looking for $1.27 per share in earnings on $32.75 billion in revenue.
Some ETFs that would benefit from a strong earnings report from HP are Merrill Lynch & Co., Inc. Internet IAH, iShares S&P North Amer Technology IGM, and iShares S&P Global Technology IXN.
HP is among the largest positions in these ETF's and a short term trade in these ETF's might be beneficial for traders, looking for a quick profit in this holiday-shortened week.
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