GFOF - ETFs to Watch: Earnings from BRK.B PYPL RIVN and DIS on tap

2023-05-05 16:49:06 ET

Market participants will continue to keep their eyes on key earnings in the upcoming trading week. This time around, names like Berkshire Hathaway ( NYSE: BRK.B ), PayPal ( NASDAQ: PYPL ), Rivian Automotive ( NASDAQ: RIVN ) and Disney ( NYSE: DIS ) will find themselves in the spotlight, with each set to announce its latest quarterly figures during the period.

The results from these high-profile companies could produce ripples throughout the market, especially in exchange traded funds tied to the names. Here are some key exchange-traded funds to look out for during next week's round of earnings:

ETFs attached to Berkshire Hathaway

Berkshire Hathaway ( BRK.B ) will announce its latest earnings report at the beginning of the week. Economists foresee BRK.B delivering EPS of $5,460.52 along with revenue of $78.97B.

Berkshire Hathaway is embedded into 215 ETFs. Here are the five names that offer the largest weightings towards BRK.B:

• Financial Select Sector SPDR Fund ( XLF ) at 14.32%
• iShares U.S. Financials ETF ( IYF ) at 12.94%
• Direxion Daily Financial Bull 3x Shares ( FAS ) at 11.14%
• Davis Select U.S. Equity ETF ( DUSA ) at 9.90%
• Fidelity MSCI Financials Index ETF ( FNCL ) at 8.56%

ETFs attached to PayPal

PayPal ( PYPL ) is positioned to deliver its latest earnings numbers on Monday. The Street is anticipating that the payment processing firm will deliver EPS of $1.10 and revenue of $6.98B.

PYPL can be seen observed in 282 exchange traded funds. Below are the five funds that have the heaviest weightings in the company:

• Grayscale Future of Finance ETF ( GFOF ) at 6.69%
• Global X FinTech ETF ( FINX ) at 6.23%
• ETFMG Prime Mobile Payments ETF ( IPAY ) at 5.51%
• First Trust SkyBridge Crypto Industry and Digital Economy ETF ( CRPT ) at 4.17%
• Gabelli Growth Innovators ETF ( GGRW ) at 4.08%

ETFs attached to Rivian Automotive

On Wednesday, Rivian Automotive ( RIVN ) will post its Q1 earnings. Analysts expect the EV maker to post a loss of $1.61 per share on revenue of around $655.51M.

There are currently 132 different exchange traded funds that contain RIVN. Here are the five funds that provide investors with the largest weightings:

• First Trust NASDAQ Clean Edge Green Energy Index Fund ( QCLN ) at 4.42%
• SoFi Social 50 ETF ( SFYF ) at 4.15%
• Innovator Loup Frontier Tech ETF ( LOUP ) at 4.08%
• ALPS Clean Energy ETF ( ACES ) at 3.01%
• VanEck Green Infrastructure ETF ( RNEW ) at 2.91%

ETFs attached to Disney

Walt Disney ( DIS ) will report its quarterly earnings on Wednesday May 10. The entertainment giant is forecasted to record EPS of $0.95 and revenue of $21.8B.

DIS can be found in 242 different exchange traded funds. Listed below are some of the funds that have the most significant portfolio position towards the stock:

• Invesco NASDAQ Internet ETF ( PNQI ) at 7.55%
• Vanguard Communication Services ETF ( VOX ) at 6.17%
• Fidelity MSCI Communication Services Index ETF ( FCOM ) at 6.14%
• iShares Global Comm Services ETF ( IXP ) at 5.32%
• Invesco S&P 500 Equal Weight Communication Services ETF ( EWCO ) at 4.64%

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