Telecom companies boosted the exchange traded fund, Telecom HOLDRs (TTH) today. AT&T (T) and BellSouth (BLS) are top holdings in the ETF, and both companies reported solid quarterly earnings. The companies were up 5% for the day, and the ETF, 2.6%.
iShares Dow Jones U.S. Telecom (IYZ) was up today as well, but not as much. Although the ETF holds AT&T and BellSouth, they hold a smaller percentage than TTH. IYZ holds 18% of AT&T versus 28% in TTH and 5% of BellSouth versus 18%.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.