ETF Trends
08-01-2008, 05:21 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/08/broadband-icon.jpgThe broadband exchange traded fund (ETF) has been quietly putting up some pretty decent numbers lately.
The Broadband HOLDRs (BDH (http://finance.yahoo.com/q?s=bdh)) are up 2.4% year-to-date, and 12.8% in the last two weeks. The strength of top holding Qualcomm (QCOM (http://finance.yahoo.com/q?s=QCOM)), 52.3% of the fund, could have something to do with it.
Last week, the communications technology company reported third-quarter revenues of $2.8 billion for an increase of 19% from one year ago, reports Godwin Gwetu for 123jump (http://www.123jump.com/earnings-calls/Qualcomm-Earnings-Call-Third-Quarter-2008/28786/).
There is also news that Qualcomm has been working with Google for an Android phone system, in the hopes that the technology will create a worthy competitor to Apple’s iPhone, reports Jonathan Sidener for the San Diego Union-Tribune (http://www.signonsandiego.com/news/business/20080801-9999-1b1qcom.html).
Another top holding, Motorola (MOT (http://finance.yahoo.com/q?s=mot)), 11.3% of BDH, reported a return to profitability for the second quarter. The news was a surprise to Wall Street analysts, reports Miriam Marcus for Market Scan (http://www.forbes.com/2008/07/31/motorola-cellphone-earnings-closer-markets-equity-cx_mlm_0731markets42.html?partner=yahootix). One analyst, though, foresees continued problems with the company based on the information that the company’s handset sales are running at a slower rate than other vendors’.
http://www.etftrends.com/wp-content/uploads/2008/08/z2.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/352935900/broadband-etf-transmits-positive-earnings-reports.html)
http://www.etftrends.com/wp-content/uploads/2008/08/broadband-icon.jpgThe broadband exchange traded fund (ETF) has been quietly putting up some pretty decent numbers lately.
The Broadband HOLDRs (BDH (http://finance.yahoo.com/q?s=bdh)) are up 2.4% year-to-date, and 12.8% in the last two weeks. The strength of top holding Qualcomm (QCOM (http://finance.yahoo.com/q?s=QCOM)), 52.3% of the fund, could have something to do with it.
Last week, the communications technology company reported third-quarter revenues of $2.8 billion for an increase of 19% from one year ago, reports Godwin Gwetu for 123jump (http://www.123jump.com/earnings-calls/Qualcomm-Earnings-Call-Third-Quarter-2008/28786/).
There is also news that Qualcomm has been working with Google for an Android phone system, in the hopes that the technology will create a worthy competitor to Apple’s iPhone, reports Jonathan Sidener for the San Diego Union-Tribune (http://www.signonsandiego.com/news/business/20080801-9999-1b1qcom.html).
Another top holding, Motorola (MOT (http://finance.yahoo.com/q?s=mot)), 11.3% of BDH, reported a return to profitability for the second quarter. The news was a surprise to Wall Street analysts, reports Miriam Marcus for Market Scan (http://www.forbes.com/2008/07/31/motorola-cellphone-earnings-closer-markets-equity-cx_mlm_0731markets42.html?partner=yahootix). One analyst, though, foresees continued problems with the company based on the information that the company’s handset sales are running at a slower rate than other vendors’.
http://www.etftrends.com/wp-content/uploads/2008/08/z2.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/352935900/broadband-etf-transmits-positive-earnings-reports.html)