ETF Outlook for Friday, June 20, 2014:
iShares S&P Software Index ETF (NYSE: IGV)
The ETF’s largest holding reported earnings after the bell last night and the stock is trading down over five percent Friday morning. Oracle (NASDAQ: ORCL) missed earnings for the third consecutive quarter and this time the market is punishing shareholders.
The stock hit a new 13-year high before closing down on Thursday, therefore any numbers less than stellar will lead to selling. Expect IGV to open lower on the news and then follow the lead of Oracle throughout the day.
iShares MSCI Japan ETF (NYSE: EWJ)
The Japanese ETF surged yesterday with a gain of 1.75 percent ...
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