SPRX - ETFs to Watch: Earnings from Zoom Video Lowe's Nvidia and Dell Technologies

2023-05-21 18:10:54 ET

The upcoming week features earnings from multiple high-profile names, including Zoom Video ( NASDAQ: ZM ), Lowe's ( NYSE: LOW ), Nvidia ( NASDAQ: NVDA ) and Dell ( NYSE: DELL ). Beyond the impact on the individual stocks, these results could also deliver potential movements in exchange traded funds tied to the stocks

With that in mind, here are some key ETFs to keep an eye on during next week's round of earnings:

ETFs attached to Zoom Video

Zoom ( ZM ) will announce its latest quarterly earnings update on Monday, May 22. The video communications software firm is expected to deliver EPS of $0.99 along with revenue of $1.08B.

ZM can be found in 175 exchange traded funds. Below are the five funds that have the heaviest concentrations toward the stock (listed along with ZM's weighting within the ETF):

• ARK Innovation ETF ( ARKK ) at 7.76%.
• ARK Next Generation Internet ETF ( ARKW ) at 6.52%.
• Spear Alpha ETF ( SPRX ) at 5.68%.
• Global X Education ETF ( EDUT ) at 4.87%.
• TD Capital Fund ( DIP ) at 4.61%.

ETFs attached to Lowe’s Companies

Retailing giant Lowe’s ( LOW ) is scheduled to announce its quarterly numbers on Tuesday, May 23. Wall Street experts project that the organization will disclose EPS of $3.46 and revenue of $21.66B.

LOW can be observed in 293 exchange traded funds. Here are the five funds that have the most significant portfolio position towards the stock:

• VanEck Retail ETF ( RTH ) at 4.85%.
• Pacer BioThreat Strategy ETF ( VIRS ) at 4.47%.
• iShares U.S. Consumer Focused ETF ( IEDI ) at 4.26%.
• iShares U.S. Home Construction ETF ( ITB ) at 4.11%.
• Invesco BuyBack Achievers ETF ( PKW ) at 4.10%.

ETFs attached to Nvidia

Wednesday, May 24, will see Nvidia ( NVDA ) release with its latest financial figures. Analysts anticipate a bottom-line result of $0.92 per share. Meanwhile, Wall Street also projects revenue of $6.52B.

There are currently 408 different exchange traded funds that contain shares of NVDA. Here are the five funds that provide investors with the heaviest concentration toward the stock:

• ProShares Ultra Semiconductors ( USD ) at 22.10%.
• VanEck Semiconductor ETF ( SMH ) at 15.09%.
• AXS Esoterica NextG Economy ETF ( WUGI ) at 14.18%.
• Pacer Data and Digital Revolution ETF ( TRFK ) at 13.09%.
• Simplify Volt RoboCar Disruption and Tech ETF ( VCAR ) at 10.99%.

ETFs attached to Dell Technologies

Also scheduled to post earnings data is Dell Technologies ( DELL ). The tech stalwart is slated to announce its latest figures on Friday, May 16. DELL is anticipated to disclose EPS of $0.86 and revenue of $20.31B.

DELL can be observed in 138 exchange traded funds. Below are the five funds that have the biggest weightings in the firm:

• IQ U.S. Mid Cap R&D Leaders ETF ( MRND ) at 2.88%.
• Janus Henderson Small/Mid Cap Growth Alpha ETF ( JSMD ) at 2.00%.
• SRH U.S. Quality ETF ( SRHQ ) at 1.99%.
• Newday Ocean Health ETF ( AHOY ) at 1.22%.
• Defiance Next Gen Connectivity ETF ( FIVG ) at 1.10%.

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