Q2 Earnings Effect: 5 Must-Watch ETF Charts

Roundhill Sports Betting & iGaming ETF BETZ

The digital shift has led to the rapid adoption of esports and increased video game usage, pushing revenues and profits higher. This ETF is designed to offer retail and institutional investors exposure to sports betting and iGaming industries. It has surged 21.3% in a month on strong Q2 earnings.

First Trust Nasdaq Transportation ETF FTXR

This fund provides exposure to the 31 most-liquid U.S. transportation securities based on volatility, value and growth. It has gained 16.1% in the past month on strong Q2 earnings. Total earnings for 100% of the sector’s market capitalization that have been reported so far are down 145.7% on 38.4% lower revenues. Although growth ratios seem disappointing, the earnings and revenue beat ratio of 62.5% and 75%, respectively, led to solid trading in the sector. The sector has gained 2.2% (average price difference between a day before and after the earnings announcement of a stock) post results. FTXR has a Zacks ETF Rank #4 (Sell).

First Trust NASDAQ Global Auto ETF CARZ

This fund offers a pure-play global exposure to auto stocks. It has gained 16.4% mainly driven by soaring Tesla share price. The electric carmaker has been on a crazy ride after reporting the longest streak of profitability in the company’s history and a 5-for-1 stock split announcement. The euphoria surrounding growing electric-vehicle sales and Tesla’s possible inclusion in the S&P 500 Index has added to the strength in the Tesla stock. TSLA has gained more than 56% in a month and takes the top spot in the CARZ portfolio with 11.6% exposure.

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