ETFs for Netflix Earnings

October 21st at 4:13pm by Todd Shriber

Quick reminder: Netfix (NasdaqGM: NFLX), the online streaming entertainment firm, reports third-quarter results Monday evening. Analysts are expecting EPS of 48 cents, or 55 cents on a non-GAAP basis, on revenue of $1.1 billion.

Here is a quick rundown of the ETFs with decent allocations to the stock, a thin group given the company’s almost $21 billion market value and year-to-date gain of almost 270%.

PowerShares NASDAQ Internet Portfolio (NasdaqGS: PNQI): Netflix is PNQI’s seventh-largest holding with a weight of 4.1%.

First Trust Dow Jones Internet Index Fund (NYSEArca: FDN): Netflix is FDN’s ninth-largest holding at a weight of almost 3.7%.

First Trust ISE Cloud Computing Index Fund (NasdaqGS: SKYY): Yes, Netflix meets the parameters of a cloud-computing play. The stock is SKYY’s third-largest holding at weight of 4.3%.

Year-to-date, those ETFs are up an average of 37.5% with PNQI being the top-performer with a  gain of 50%. [These ETFs House Triple-Digit Divas]

PowerShares NASDAQ Internet Portfolio