NEW YORK ( ETF Digest) -- There was little news to account for any rally on this Turnaround Tuesday given poor Industrial Production and lower than expected Housing Starts. But, bulls are looking ahead to earnings which have been much lowered and engineered to beat expectations. Goldman Sachs reported a beat ($3.92 vs $3.55 expected) and the stock rallied but now as much as the overall market. The market must smell great earnings news ahead seeing the current global economic softness as buying opportunities. There could also be some fresh money to funds as investors beat the tax deadline. That money gets invested quickly.IBM just announced earnings that missed top line revenue estimates and stock falls. Intel (INTC) beats lowered estimates but stock is lower in after-hours trading. Yahoo (YHOO) earnings beat estimates and the stock is nearly 2% higher. Of many others, Cree Inc (CREE) shares were lower by almost 8% after its report.
See more details IWM - The iShares Russell 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2,000 smallest companies in the Russell 3000 Index.
See more details QQQ - PowerShares Capital Management LLC is passionate about our goal of delivering the highest quality investment management available through one of the more benefit-rich investment vehicles ever created, the exchange-traded fund. PowerShares QQQ¿, formerly known as "QQQ" or the "NASDAQ- 100 Index Tracking Stock®", is an exchange-traded fund based on the Nasdaq-100 Index®. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The portfolio is rebalanced quarterly and reconstituted annually.
See more details Continue to U.S. Sector, Stocks & Bond ETFs