Three ETFs to Watch This Week: PPH, FAA, HHH
Monday, July 19th, 2010ETF Database submits:
With investors divided over the prospects for equity markets heading into the second half of 2010, another highly anticipated earnings season kicked off last week, with mixed results. After a flat Monday, markets surged higher following a slew of impressive reports, only to retreat after some disappointing numbers from the financial sector and a shockingly low reading from the consumer confidence index to close the week. That caused many who had been banking on a stellar earnings season to reevaluate their outlook, and hope for a new catalyst to emerge from reports still to come.
This week, earnings season continues with a number of bellwethers due to release second quarter results; among the biggest names reporting are Johnson & Johnson, Coca-Cola, 3M, Apple and Microsoft. Additionally, the European Union looks to release figures regarding its bank stress program on Friday, so look for financials to again be in focus to finish this week. Finally, central bank meetings in Canada and Brazil could make for some interesting developments in what is shaping up to be one of the most active trading weeks of the year. Look for another rocky, wild week on Wall Street as bulls and bears continue to duke it out. Below, we profile three ETFs that look to be in focus over the next several days as earnings season kicks into high gear:
