ETF

Five ETFs to Watch This Week

Stock quotes in this article:ITB, XRT, FXE 

NEW YORK (TheStreet) -- Friday's GDP report is the economic highlight of the week, while earnings announcements and industry reports will have a bearing on these ETFs.

iShares Dow Jones U.S. Home Construction Index(ITB)

Lennar(LEN) represents 8% of this ETF and it reports earnings before the bell on Wednesday. Analysts are looking for a loss of 30 cents a share, which is up from an expected loss of 46 cents a share three months ago. Estimates for 2010 full year earnings have also moved higher, from a loss of 72 cents a share to a loss of 32 cents a share.

In addition to the earnings news, a report on existing home sales for February will be released on Tuesday and new home sales for the same month will be released Wednesday.

The homebuilder ETF has been strong of late: It matched its 52-week intraday high of $13.93 last Wednesday, while setting a new 52-week closing high on the same day.

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