Walmart's (WMT) recent investor day highlighted some of its plans for the rest of fiscal 2017 and 2018. But its upcoming third-quarter results will let investors know just how well it's actually going at the world's largest retailer. 

In early October, Walmart highlighted several key initiatives, including continuing to make shopping easier for consumers, focusing on expenses, being the most trusted retailer and delivering "results and position the company to win." Part of this can be attributed to the company's recent acquisition of Hoboken, N.J.-based Jet.com to help it compete for urban consumers in an effort to ward of Amazon (AMZN) .

KeyBanc Capital Markets analyst Edward Yruma said the analyst day helped keep in mind that e-commerce is key for the Bentonville, Ark.-based Walmart.

"Walmart's analyst day reinforced our view that investments in e-commerce will help the Company more effectively compete with [Amazon]," Yruma wrote in a note to clients. "In particular, we think that Marc Lore/Jet.com can turbocharge already completed foundational work to accelerate e-commerce growth to the targeted 20-30% annual growth rate."

Analysts surveyed by Yahoo! Finance expect the company to earn 96 cents a share on $118.61 billion in sales.

In addition to the acquisition of Jet and perhaps more importantly, Lore (who will now run Walmart's e-commerce business), investors will be looking to hear how the company's focus towards remodeling stores as opposed to opening new locations is going.

There will also be particular interest to hear which areas of its business are outperforming others, i.e. areas like apparel, electronics or groceries. 

These three ETFs may benefit if investors like what Walmart has to say about the past 90 days and the upcoming holiday season, as well as its battle against Amazon.

iShares Edge MSCI Multifactor Consumer Staples ETF

The iShares Edge MSCI Multifactor Consumer Staples ETF  (CNSF)  has Walmart make up 8.17% of its $2.4 million portfolio and charges investors a 0.35% expense ratio.

KeyBanc Capital's Yruma, who has an overweight rating and a $90 price target, highlighted just how important Lore will be going forward in Walmart's efforts to combat Amazon. 

"We think the combination of Lore's e-commerce perspective, dynamic pricing basket (6.9 average items per Jet.com shipment) and Jet.com brand will extend the gap between Walmart and its traditional retail competitors," Yruma wrote in a note to clients. "We also think that potential moves like delivery to store and grocery pickup will help differentiate it from AMZN. At this stage, we think both can take share from other competitors."

VanEck Vectors Retail ETF

Walmart makes up 6.48% of the VanEck Vectors Retail ETF (RTH)  which has $107.7 million in assets under management and has a 0.35% expense ratio.

BMO Capital Markets analyst Wayne Hood noted that Walmart's pricing actions in the U.S. have been more measured or moderate recently. "Over the measured period (10/3/16 to 11/1/16) ... , we see that the sequential level of price reductions in Grocery, Hard-lines, and Apparel were moderately lower while Health & Wellness, Entertainment and Home were flat," Hood wrote to clients.
 
Hood rates Walmart shares underperform with a $63 price target.

First Trust Nasdaq Retail ETF

The First Trust Nasdaq Retail ETF  (FTXD) has Walmart make up 6.43% of its $1.9 million portfolio and charges investors a 0.6% expense ratio.

Walmart has been working on expanding its remodeling of stores and continuing to strengthen its portfolio of e-commerce chops, something which Yruma believes will help the company in the long run.

Yruma said he's "particularly impressed by the efforts around fresh and grocery pickup," while adding that "[b]oth should help WMT capture a more affluent consumer."

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