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ETF Weekly Preview: The Earnings Train Arrives

Benzinga.com
0 Comments| October 12, 2015

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Last week, the S&P 500 surged 3.3 percent in what was the benchmark U.S. index's best weekly showing this year. The Nasdaq Composite climbed 2.6 percent last week, but last week's ebullience will be tested this week amid an avalanche of third-quarter earnings reports.

Most strategists are forecasting significant weakness in third-quarter earnings with the energy sector being a particularly egregious offender. Some market observers are forecasting a decline in energy sector earnings of 60 percent or more. The energy sector is the sixth-largest sector weight in the S&P 500 at almost 7.4 percent of the index's weight.

Sticking with the theme of the earnings avalanche, the Financial Select Sector SPDR (NYSE: XLF), the largest financial services exchange traded fund, and rival funds are among the must-watch ETFs for the week because bank stocks will lead the earnings parade. The fun starts with Dow component J.P. Morgan Chase & Co. (NYSE: JPM) on Tuesday.

Related Link: Earnings Crunch Begins: Big Banks In The Spotlight

On Wednesday, Bank ...

/www.benzinga.com/news/earnings/15/10/5903534/etf-weekly-preview-the-earnings-train-arrives alt=ETF Weekly Preview: The Earnings Train Arrives>Full story available on Benzinga.com

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