ETF Outlook for Thursday, April 24, 2014
SPDR Technology ETF (NYSE: XLK)
The ETF’s largest holding, Apple (NASDAQ: AAPL), reported earnings last night after the bell that impressed investors and is sending the stock higher by seven percent Thursday morning.
The stock makes up 13.5 percent of the portfolio and not only will it lift the price of XLK, it will also help bring money back into the technology sector. In pre-market trading XLK is up about two percent.
Global X Social Media ETF (NYSE: SOCL)
Another popular technology company reported earnings after the bell on Wednesday, Facebook (NASDAQ: FB). The numbers were impressive and the stock is higher by ...More...