3 ETFs To Consider For The Week Ahead: Big Earnings For Airlines, Chips And Consumers

3 ETFs To Consider For The Week Ahead: Big Earnings For Airlines, Chips And Consumers

This week is a holiday-shortened affair, but that doesn't diminish earnings-driven trading opportunities over the next four days. With the S&P 500 coming off a gain of almost 2% last week and a broad swath of its member firms delivering earnings reports this week, an array of exchange-traded funds could be in play this week.

Here are a few of the big-name ETFs that are worth monitoring this week as earnings season ramps up.

SPDR Dow Jones Industrial Average ETF (DIA)

The SPDR Dow Jones Industrial Average ETF DIA, the tracking ETF for the blue-chip index, comes into this week residing near all-time highs and up almost 3% since the start of the year.

Enthusiasm for DIA will be put to the earnings test this week with International Business Machines (IBM) reporting on Tuesday. That's followed by Johnson & Johnson (JNJ) on Wednesday.

Thursday is a potentially big day for DIA with Dow components Intel (INTC), Procter & Gamble (PG) and Travelers (TRV) reporting. And for good measure, American Express (AXP) delivers fourth-quarter results in Friday.

Bottom line: about 14% of DIA's holdings are reporting earnings this week.

VanEck Vectors Semiconductor ETF (SMH)

Coming off a great report by Taiwan Semiconductor (TSM), the largest holding in the VanEck Vectors Semiconductor ETF (SMH), the fund is up 3.3% to start 2020 after ranking as one of last year's best-performing ETFs.

Semiconductor ebullience will be tested this week when Intel and Texas Instruments (TXN), two stocks that combine for over 15% of SMH's roster, report earnings on Thursday and Wednesday, respectively.

U.S. Global Jets ETF (JETS)

Starting Tuesday with United Airlines (UAL), this is an epic earnings week for the U.S. Global Jets ETF (JETS). Alaska Air Group (ALK) reports Wednesday.

Thursday brings a big test for JETS with American Airlines (AAL), Southwest (LUV), and JetBlue Airways (JBLU) reporting. Translation: about 43% of JETS' lineup is reporting this week providing the ideal time to consider the lone airline ETF.

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