ETFs For This Week's Earnings Reports

This week marks the start of fourth-quarter earnings season and while only a few marquee names are due to report this week, three Dow names to be exact, it never hurts to do a little advanced planning and scope out some ETFs that may move on the back of these profit reports. For Alcoa AA today after the bell: The SPDR S&P Metals & Mining ETF XME would be the conservative play as Alcoa gets just over 4% of XME's weight, but the ambitious trader could give the newly minted Global X Aluminum ETF ALUM a whirl. A good leveraged bet would be the ProShares Ultra Industrials UXI. For Intel INTC Thursday after the close, run with the Semiconductor HOLDRs SMH, which allocates more than 20% of its weight to Intel. If Intel blows out as it has in recent quarters, go big with the Direxion Daily Semicondct Bull 3X Shares SOXL. For JPMorgan Chase JPM Friday before the open: Financial Select Sector SPDR XLF, iShares Dow Jones US Financial Sector ETF IYF and the Vanguard Financials ETF VFH.
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Posted In: EarningsLong IdeasNewsSector ETFsGuidanceShort IdeasGlobalIntraday UpdateMarketsTrading IdeasETFsAluminumFinancialsInformation TechnologyMaterialsOther Diversified Financial ServicesSemiconductors
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