XLY - Five ETFs poised for price swings ahead of Tesla's Q1 earnings report

April, 18 2022 09:34 AM SPDR Select Sector Fund - Consumer Discretionary

Elon Musk’s Tesla (TSLA) is set to deliver its Q1 earnings report on Wednesday and five exchange traded funds with a heavy reliance on the EV maker are in poised for potential price swings. The three most significantly weighted ETFs towards TSLA are the Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY), Vanguard Consumer Discretionary ETF (NYSEARCA:VCR) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). XLY leads the way with a 21.21% weighting in TSLA. Meanwhile, VCR has a 16.65% weighting and FDIS has the company make up 16.04% of its holdings. Beyond this trio, a couple of Cathie Wood's ARK funds lean heavily on TSLA: the ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and ARK Innovation ETF (NYSEARCA:ARKK). Wood’s actively managed ETFs ARKQ and ARKK are the market’s ninth and tenth largest portfolio holders of Tesla. ARKQ holds a 10.72% weighting in TSLA while ARKK has a 10.07% stance. From a performance

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Five ETFs poised for price swings ahead of Tesla’s Q1 earnings report

Company Name:	SPDR Select Sector Fund - Consumer Discretionary
Stock Symbol:	XLY
Market:	NYSE

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