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Sunday, February 5, 2023

ETFs to Watch: Dell might drive tech; Zoom huge for Cathie Wooden; Black Friday in focus

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Nastassia Samal/iStock through Getty Photographs

Subsequent week’s shortened vacation schedule could deliver decrease buying and selling volumes. Nonetheless, there might be loads of catalysts in the course of the subsequent a number of days.

Earnings will stay a key driver, with names like Dell Applied sciences (DELL) and Zoom Video Communications (ZM) set to report their quarterly outcomes. Traders not desirous to be overly leveraged to the monetary figures can nonetheless play the releases by way of ETFs.

Apart from earnings, Black Friday might be on traders’ minds as properly, placing a concentrate on retail ETFs.

ETFs hooked up to Dell

Dell Applied sciences (DELL) is ready to publish its fiscal yr 2023 third quarter outcomes on Monday after the closing bell. The consensus estimates name for DELL to report EPS of $1.61 and income of $24.62B.

The inventory is hooked up to 144 totally different trade traded funds. Listed below are a few of the funds with the biggest publicity to the PC and tech stalwart: IQ U.S. Mid Cap R&D Leaders ETF (MRND), SEI Enhanced U.S. Giant Cap Worth Issue ETF (SEIV), Pacer U.S. Money Cows 100 ETF (COWZ), Affinity World Leaders Fairness ETF (WLDR), and the First Belief Know-how AlphaDEX Fund (FXL).

ETFs hooked up to Zoom

Zoom Video Communications (ZM) is one other inventory that can ship earnings subsequent week. ZM will publish its earnings outcomes after the shut on Tuesday

Analysts are on the lookout for the web video conferencing platform to ship EPS of $0.84 and income of $1.10B. ZM is held by 174 ETFs however on the prime of the checklist are two of Cathie Wooden’s fashionable actively managed innovation funds, ARK Innovation ETF (NYSEARCA:ARKK) and ARK Subsequent Era Web ETF (NYSEARCA:ARKW).

Different ETFs to look at: International X Training ETF (EDUT), International X Cloud Computing ETF (NASDAQ:CLOU), ProShares NASDAQ-100 Dorsey Wright Momentum ETF (QQQA).

Black Friday-Associated ETFs

Thanksgiving will lower into subsequent week’s buying and selling scheduling, closing the U.S. market on Thursday and resulting in a shortened session on Friday. The final day of the week additionally represents the standard vacation season with Black Friday.

As retailers the world over look to capitalize on the busy shopper spending day, consideration will flip to big-name retailers like Amazon (AMZN), Walmart (WMT), Macy’s (M) and BestBuy (BBY).

In the meantime, ETFs tied to the sector might see motion as properly, with knowledge in regards to the Black Friday outcomes probably trickling in over the next weekend.

ETFs to look at: SPDR S&P Retail ETF (NYSEARCA:XRT), VanEck Retail ETF (RTH), Amplify On-line Retail ETF (IBUY), ProShares On-line Retail ETF (ONLN), and the Direxion Day by day Retail Bull 3X Shares (RETL).

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