This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ETFs Look for Boost From Apple's Earnings

NEW YORK ( TheStreet) -- Last week, technology-hungry investors were treated to a deluge of news as household names including IBM (IBM), Intel (INTC), Microsoft (MSFT) and Google (GOOG) stepped up to the earnings plate to report their quarterly performance numbers and provide guidance for the months ahead.

The showing was mixed: While IBM, Intel, and Microsoft managed to please the markets, Google's sub-par showing doused any optimism with cold water.

This week, the tech-related festivities will continue. Today is particularly important as Apple (AAPL - Get Report) will take to the stage to report its fiscal first-quarter earnings.

An exciting event for stock pickers, ETF investors should also keep a close watch on Apple's performance. Given the firm's size and influence, its showing will heavily impact a wide collection of popular products.

It has been an interesting and trying few months for the Cupertino, California-based consumer technology giant. In today's disclosure, investors, tech fans, and consumers around the globe will discover not only how the company fared over the tumultuous past three months, but also how Tim Cook has handled his new role as CEO following the passing of Apple's iconic and charismatic founder, Steve Jobs.

Despite its challenges, Apple has seen some impressive strength during the waning days of 2011 and opening weeks of 2012. In addition to brushing against the $400 billion market cap, the company's stock price has managed to lock in all-time highs. The firm continues to face off against Exxon Mobil (XOM - Get Report) for the title of largest public U.S. Company by market valuation.

Given this showing, it is understandable that many market forecasters appear optimistic heading into the report. Analysts are predicting a standout quarter for the firm, helped greatly by the introduction of the iPhone4S. A strong showing would be welcomed; in the previous quarter the firm failed to meet analyst expectations.

Broad-based technology ETFs like the iShares Dow Jones U.S. Technology Sector Index Fund (IYW), the Technology Select Sector SPDR (XLK), and the PowerShares QQQ (QQQ - Get Report) will be most heavily influenced by the tech giant's earnings. All three of these funds list Apple as their largest position. The company accounts for over 16% of IYW; 15% of XLK; and 14% of QQQ.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
XLK $41.19 -0.36%
IYW $104.05 -0.36%
QQQ $105.21 0.10%
AAPL $123.41 -0.67%
GOOG $550.45 -0.85%


DOW 17,687.01 +8.78 0.05%
S&P 500 2,058.22 +2.07 0.10%
NASDAQ 4,875.3990 +12.0370 0.25%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs