ETF Trends
ETF Trends

FirstEnergy (NYSE: FE) should provide a boost to utilities exchange traded funds (ETFs) on Tuesday after the company announced quarterly results and offered a long-term profit outlook that had Wall Street salivating.

The company after Monday’s closing bell said it expects to deliver earnings of between $3.20 and $3.50 a share each year from 2011 through 2013.

FirstEnergy shares jumped nearly 6% in after-hours trade Monday.

Sector ETFs that hold the stock include First Trust Utilities AlphaDEX (NYSEArca: FXU), Utilities Select Sector SPDR Fund (NSYEArca: XLU) and iShares Dow Jones U.S. Utilities (NYSEArca: IDU).

Utilities Select Sector SPDR Fund


The opinions and forecasts expressed herein are solely those of John Spence, 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.