FNGS - ETFs on the radar as big tech gears up for earnings

Netflix (NFLX) was the first of the FAANG names to report their financial results during this earnings cycle. Now, the Core Four are on deck, putting a handful of exchange traded funds on the radar for potential price swings. Earnings are due out next week from Alphabet (GOOG) (GOOGL), Meta Platforms (FB), Apple (AAPL) and Amazon (AMZN). Listed below are the top three ETFs that have the largest weightings towards each of those stocks: Alphabet: GOOG’s three largest portfolio holding are the Fidelity MSCI Communication Services Index ETF (FCOM) at 23.65%, iShares Global Comm Services ETF (IXP) at 23.60%, and the Vanguard Communication Services ETF (VOX) weighted at 22.98%. YTD price action: GOOG -12.2%, FCOM -18.8%, IXP -15.7%, and VOX -18.6%. Meta Platforms: Mark Zuckerberg’s FB finds itself most heavily weighted within the Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) at 19.22%, followed by the Fidelity MSCI Communication Services Index ETF (FCOM)

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ETFs on the radar as big tech gears up for earnings