By Stoyan Bojinov
Most markets inched higher last week, but hit a bit of road bump on Friday after investors digested news of declining consumer sentiment for January and a worse-than-expected GDP report. Gold and oil both traded lower during the week, but both commodities were able to stage small rallies on Friday amidst all the uncertainty that weighted down equities. International markets didn’t fare too well last week either, with civil unrest continuing to develop in Egypt, Standard and Poor’s downgrading Japan , and a suicide bomber attack in Moscow’s Domodedovo airport, which killed at least 35 people and injured more than 100.
This week is stacked with earnings reports from major industry leaders as well a handful of economic reports including the ISM Manufacturing Index, personal income, and construction spending. Below we profile three ETFs that will be in for an active week:
Vanguard Energy ETF (VDE)
Why VDE Will Be In Focus: This fund has Exxon Mobil Corporation (XOM) as its top individual holding at just over 20% allocation, and the industry heavyweight is scheduled to report earnings results on Monday before the opening bell. VDE tracks the MSCI US Investable Market Energy 25/50 Index, which consists of large, medium, and small U.S. companies in the energy sector. Analysts are expecting the oil giant to deliver earnings per share somewhere in the range of $1.36 to $1.72. Likewise, revenues are expected to come in at around $97 billion compared with last year's results of $89 billion. As
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