ETF Outlook for Thursday June 26, 2014
iShares U.S. Home Construction ETF (NYSE: ITB)
The ETF’s largest holding, Lennar (NYSE: LEN), is scheduled to report earnings before the bell this morning. With a 10 percent allocation with a niche sector ETF there is a high probability that ITB will move in the direction of LEN once the opening bell rings.
The ETF had a solid day yesterday and any good news could send it back to its best close in three months. The action will also be a good indicator if Wall Street believes the /www.benzinga.com/topic/housing-market">housing market is continuing its comeback.
SPDR Technology ETF (NYSE: XLK)
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