XLG - Big tech earnings and the ETFs that can be affected
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: (MGK), (XLG), (IVW), (QQQ), and (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
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Big tech earnings and the ETFs that can be affected