DEMZ - ETFs to Watch: Earnings from BAC LMT IBM PG and more can impact many ETFs

2023-04-14 14:19:43 ET

Wall Street investors will closely be watching key earnings in the upcoming trading week as some of the largest companies are set to deliver Q1 results. Some of those names include Bank of America ( NYSE: BAC ), Lockheed Martin Corporation ( NYSE: LMT ), IBM ( NYSE: IBM ), and Procter & Gamble Company ( NYSE: PG ).

As companies announce their earnings results, they may be poised for price swings which in turn will ripple out into the exchange traded fund space as many funds are heavily weighted towards these names. Here are some key exchange traded funds to look out for during next week's round of earnings:

ETFs attached to Bank of America

Bank of America ( BAC ) is set to deliver its latest earnings figures on Tuesday April 18th. Wall Street is expecting EPS of $0.82 and revenue of $25.35B.

BAC can be seen in 258 exchange traded funds. Below are the five funds that have the heaviest weightings in the financial institution.

ETFs to Watch:

• Invesco KBW Bank ETF ( KBWB ) at 7.19%.
• iShares U.S. Financial Services ETF ( IYG ) at 6.40%.
• Financial Select Sector SPDR Fund ( XLF ) at 6.04%.
• Vanguard Financials ETF ( VFH ) at 5.27%.
• Fidelity MSCI Financials Index ETF ( FNCL ) at 5.17%.

ETFs attached to Lockheed Martin Corporation

Shares of Lockheed Martin Corporation ( LMT ) will also report its quarterly earnings on Tuesday, April 18th. Analysts are looking for the defense contractor to post EPS of $6.12 and revenue of $15.12B.

LMT can be found in 273 different exchange traded funds, but outlined below are some of the ETFs that have the largest weightings towards the stock.

ETFs to Watch:

• iShares U.S. Aerospace & Defense ETF ( ITA ) at 15.41%.
• Direxion Daily Aerospace & Defense Bull 3X Shares ( DFEN ) at 10.67%.
• First Trust Indxx Aerospace & Defense ETF ( MISL ) at 8.14%.
• Invesco Aerospace & Defense ETF ( PPA ) at 6.70%.
• Constrained Capital ESG Orphans ETF ( ORFN ) at 5.52%.

ETFs attached to IBM

On Wednesday April 19th IBM ( IBM ) will post its Q1 earnings for investors which are anticipating the tech firm to deliver EPS of $1.60 and revenue of around $14.37B.

There are currently 306 different exchange traded funds that have a claim in IBM but listed below are the five funds that provide investors with the largest weightings.

ETFs to Watch:

• First Trust NASDAQ Technology Dividend Index Fund ( TDIV ) at 6.98%.
• Invesco Dow Jones Industrial Average Dividend ETF ( DJD ) at 6.35%.
• VanEck Durable High Dividend ETF ( DURA ) at 4.82%.
• Democratic Large Cap Core ETF ( DEMZ ) at 4.27%.
• First Trust Morningstar Dividend Leaders Index Fund ( FDL ) at 3.82%.

ETFs attached to Proctor & Gamble Company

Also set to deliver earnings on the week are shares of Proctor & Gamble Company ( PG ) which is planned to post its earnings results on Friday April 20th. PG is projected to provide EPS of $1.32 on revenue of $19.25B.

PG can be observed in 315 exchange traded funds, see the top holders below.

ETFs to Watch:

• iShares U.S. Consumer Staples ETF ( IYK ) at 15.56%.
• Consumer Staples Select Sector SPDR Fund ( XLP ) at 14.77%.
• Fidelity MSCI Consumer Staples Index ETF ( FSTA ) at 12.33%.
• Vanguard Consumer Staples ETF ( VDC ) at 12.26%.
• iShares Global Consumer Staples ETF ( KXI ) at 8.49%.

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