FTXR - ETFs to Watch: Earnings from ADBE and FDX; Treasury ETFs look to CPI data

2023-03-10 16:51:33 ET

The peak of the quarterly earnings season is now well in the rearview. Still, quarterly earnings from a couple of high-profile names could lead to action in some widely held exchange traded funds, with quarterly results due out from Adobe Systems ( NASDAQ: ADBE ) and FedEx ( NYSE: FDX ).

Beyond earnings, a new inflation report is due out next week as well. Following the previous week's volatile trading, this data could provide another catalyst for ETFs tied to Treasuries.

Here are some key ETFs to look out for during next week's round of earnings and economic releases:

U.S. Treasury ETFs

U.S. Treasuries will find themselves front and center in the upcoming trading week as Wall Street awaits the latest CPI data.

The report is due out on Tuesday. Last month's release showed that consumer prices climbed 6.4% in January compared to the previous year. This was slightly higher than economist had predicted.

The upcoming report could create volatility in exchange traded funds tied to the Treasury market. This would follow volatile trading the week before, when markets digested hawkish remarks from Federal Reserve Chair Jerome Powell and the failure of Silicon Valley Bank.

ETFs to Watch:

• iShares 20+ Year Treasury Bond ETF ( NASDAQ: TLT )
• iShares 10-20 Year Treasury Bond ETF ( NYSEARCA: TLH )
• iShares 7-10 Year Treasury Bond ETF ( NASDAQ: IEF )
• iShares 3-7 Year Treasury Bond ETF ( NASDAQ: IEI )
• iShares 1-3 Year Treasury Bond ETF ( NASDAQ: SHY )

ETFs attached to Adobe Systems

Adobe Systems ( ADBE ) will report its quarterly earnings on Wednesday. Analysts expect the company to deliver EPS of $3.68 on revenue of $4.62B.

Shares ADBE can be found in 335 different exchange traded funds. Outlined below are some of the ETFs that have the largest concentrations towards the stock (listed along with the weighting within the fund).

ETFs to Watch:

• iShares Expanded Tech-Software Sector ETF ( IGV ) at 7.95%.
• Direxion Daily Software Bull 2X Shares ( SWAR ) at 6.36%.
• UPHOLDINGS Compound Kings ETF ( KNGS ) at 6.11%.
• Grizzle Growth ETF (GRZZ) at 5.66%.
• Optimize AI Smart Sentiment Event-Driven ETF ( OAIE ) at 5.00%.

ETFs attached to FedEx

FedEx ( FDX ) is set to deliver its latest earnings figures on Thursday. Wall Street is expecting EPS of $2.74 on revenue of around $22.73B.

FDX can be seen in 209 exchange traded funds. Below are the five funds that have the heaviest weightings in the package delivery giant.

ETFs to Watch:

• iShares U.S. Transportation ETF ( IYT ) at 5.08%.
• Optimize AI Smart Sentiment Event-Driven ETF ( OAIE ) at 4.90%.
• ProShares Supply Chain Logistics ETF ( SUPL ) at 4.89%.
• First Trust Nasdaq Transportation ETF ( FTXR ) at 4.36%.
• AdvisorShares Drone Technology ETF ( UAV ) at 3.84%.

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