The amount of big name companies reporting quarterly earnings is heating up as both tech and financial leaders released reports in the last 24 hours.
After the bell on Tuesday, semiconductor giant Intel (NASDAQ: INTC) reported earnings that were mixed.
On Wednesday morning three large financial stocks, Bank of America (NYSE: BAC), U.S. Bancorp (NYSE: USB), and PNC Financial Services (NYSE: PNC) all beat estimates, but investors were not overly bullish.
Semiconductors
The Market Vectors Semiconductor ETF (NYSE: SMH) is a basket of 25 chip stocks with a large portion of the allocation in the top holding, Intel.
The largest semiconductor stock in the U.S. makes up 18 percent of the portfolio and therefore a big move on earnings will have a direct effect on SMH. ...
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