Skip to main content

Thursday’s ETF Chart To Watch: IYE Nears Resistance Ahead Of XOM Earnings

By: ETFdb
Major equity indexes oscillated between minor gains and losses on Wednesday as earnings jitters collided with economic data. On the stock market front, tech-bellwether Apple posted lackluster results that left shares largely unchanged while durable goods orders data posted a worrisome contraction of 5.7% compared to last month’s figure of negative 3.2% [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Energy giant Exxon Mobil (XOM) is slated to report earnings later today, which brings our spotlight onto the Dow Jones U.S. Energy Sector Fund , as it allocates over 23% of its total assets to the company. Analysts are expecting for the firm to report earnings of $2.04 per share, compared to a year ago when XOM reported earnings of $2 per share [try Free ETF Stock Exposure Tool]. Chart Analysis Consider IYE’s one-year daily performance chart below. Notice how this ETF appears to have completed a healthy correction since peaking at $45.66 a share in mid-March [...] Click here to read the original article on ETFdb.com. Related Posts: Thursday’s ETF To Watch: Dow Jones U.S. Energy Sector Fund (IYE) Three ETFs To Watch This Week: EWP, IYE, XLK Thursday’s ETF To Watch: iShares Dow Jones U.S. Energy Sector Fund (IYE) Highlighting Five Free ETF Tools Three ETFs To Watch This Week: IYE, SMH, VOO
Major equity indexes oscillated between minor gains and losses on Wednesday as earnings jitters collided with economic data. On the stock market front, tech-bellwether Apple posted lackluster results that left shares largely unchanged while durable goods orders data posted a worrisome contraction of 5.7% compared to last month’s figure of negative 3.2% [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Energy giant Exxon Mobil (XOM) is slated to report earnings later today, which brings our spotlight onto the Dow Jones U.S. Energy Sector Fund , as it allocates over 23% of its total assets to the company. Analysts are expecting for the firm to report earnings of $2.04 per share, compared to a year ago when XOM reported earnings of $2 per share [try Free ETF Stock Exposure Tool]. Chart Analysis Consider IYE’s one-year daily performance chart below. Notice how this ETF appears to have completed a healthy correction since peaking at $45.66 a share in mid-March [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.