ETF Outlook for Wednesday, April 16, 2014
Market Vectors Semiconductor ETF (NYSE: SMH)
The ETF’s largest holding, Intel (NASDAQ: INTC), reported earnings Tuesday night after the bell that came in a penny better than expectations. Revenue was in line with consensus, an increase of 1.7 percent year-over-year.
The numbers were good enough to send the stock higher by a dollar after the announcement. The stock makes up 18 percent of the ETF and will have a direct impact on how SMH trades throughout the day. Because INTC is a heavily traded stock, expect volatility between the opening and closing bell as investors digest the quarterly numbers.
iShares U.S. Regional Bank ETF (NYSE: IAT)
Before the opening bell today the two largest holdings of the ETF, which make up 32 percent of the portfolio report quarterly earnings. U.S. Bancorp (NYSE: USB)andPNC ...
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