Technology exchange traded fund investors will be watching the technology sector as some of the major players begin revealing their first quarter results this week, with all eyes on Netflix (NasdaqGS: NFLX) Monday.
Netflix will report first quarter earnings after the bell on Monday. Investors will be able to find clarity on the online streaming platform amid speculation of slowing subscription growth in the U.S. Nevertheless, Netflix has made an effort to expand into overseas markets where the firm may still tap into unrealized growth.
Yahoo Inc. (NasdaqGS: YHOO) will reveal its quarterly results Tuesday, a day after the reported deadline for bids to buy the internet firm’s core business.
Later in the week, Microsoft (NasdaqGS: MSFT) and Google parent company Alphabet (NasdaqGS: GOOG) will release earnings results on Thursday. Microsoft has been capitalizing on its business process and intelligent cloud segments, which may have helped offset the slid in the personal computing industry. Meanwhile, Alphabet has benefited from the shift toward mobile usage and greater ad revenue from sources like YouTube.
ETF investors can track the strength or weakness of the technology group through broad sector plays, like the Technology Select Sector SPDR (NYSEArca: XLK), which includes a 10.3% position in MSFT, 5.3% Alphabet Class A, 5.3% Alphabet Class C and YHOO 0.8%. Additionally, XLK holds a 3.6% tilt toward Visa (NYSE: V), which is slated to report earnings on Thursday, along with 14.6% in Apple (NasdaqGS: AAPL) and 6.0% in Facebook (NasdaqGS: FB), which both report first quarter earnings in the following week.