NEW YORK (TheStreet) -- This week's earnings will have a bearing on a number of ETFs. Here are five ETFs to watch.
Market Vectors Gaming ETF (BJK)
Last week, Wynn Resorts (WYNN) reported earnings, providing investors with insight into its performance over the past quarter and outlook for the gaming industry. The numbers were strong, highlighted by double-digit revenue increases at both its Las Vegas- and Macau-based establishments.
The standout performance seemed to be overshadowed, however, by the bold comments by CEO Steve Wynn in the conference call. When discussion turned to the topic of government, Wynn said, "This administration is the greatest wet blanket to business, progress, and job creation in my lifetime."Wynn's strong earnings have set a high bar for the gaming industry and looking ahead, it will be interesting to see how other firms from this corner of the consumer sector hold up. This week, Las Vegas Sands (LVS) and International Gaming Technology (IGT) will be on tap. Both firms can be found among BJK's top five holdings. Together, they account for over 15% of the fund's assets. Materials Select Sector SPDR (XLB) The materials sector will be a big focus this when DuPont (DD), Dow Chemical (DOW), Praxair (PX), International Paper (IP) and Newmont Mining (NEM) report earnings. Already, earnings season has boded well for XLB components such as Alcoa (AA) and Monsanto (MON). Although XLB struggled during much of the closing weeks of the second quarter, it appears to have found some footing heading into the second half of the year. There are still looming macro issues for this growth-oriented industry. However, it will be interesting to see if strong earnings results can push the fund back to previous 2011 highs. iShares MSCI Israel Capped Investable Market Index Fund (EIS) This earnings season will play a major role in directing the performance of the Israel ETF. On Wednesday, both Teva Pharmaceuticals (TEVA) and Nice Systems will step up to the plate. Both companies can be found among EIS' top 10 holdings. On a number of occasions I have warned investors of the challenges that come with overexposing to top heavy products. EIS is a prime example of such a fund. Although it is designed to provide investors with expansive exposure to the Israeli marketplace, nearly a quarter of its assets are dedicated to TEVA.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV