Big tech earnings and the ETFs that can be affected
Apr. 27, 2021 9:13 AM ET Vanguard Mega Cap Growth ETF (MGK) By: Jason Capul, SA News Editor
The five largest companies in the S&P 500 index are set to report their earnings for the first quarter of 2021. Alphabet, Microsoft, Facebook, Apple, and Amazon, representing north of $8T in market capitalization, will disclose Q1 earnings throughout the week. Below is their earning schedule.
Alphabet: Afternoon of April 27th, 2021.
Microsoft: Afternoon of April 27th, 2021.
Facebook: Afternoon of April 28th, 2021.
Apple: Afternoon of April 28th, 2021.
Amazon: Afternoon of April 29th, 2021.
With such a significant impact on markets, it's only natural that these companies will affect exchange traded funds and have a ripple out effect. There are many FAANG related ETFs that will be affected, a few ETFs to keep an eye on are the following: (NYSEARCA: MGK), (NYSEARCA: XLG), (NYSEARCA: IVW), (NASDAQ: QQQ), and (NYSEARCA: VUG).
The above are just a few ETFs that are heavily weighted to the tech giants. Below is a spreadsheet outlining the total weighted average each ETF has in the above FAANG names. 
Technology and growth carried a strong performance throughout the 2020 COVID-19 pandemic. Market participants will now see how they moved in 2021 and what their momentum can signify moving forward. |
