It’s a busy week for the Dow Jones Industrial Average exchange traded fund, with nine of the 30 blue-chip stocks revealing earnings over the next four days.
The SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) is up 18.6% year-to-date. DIA tracks Dow Jones Industrial Average components. The index is computed by adding up stock prices and dividing by a divisor that changes depending on stock split or stock dividends.
On Tuesday, Intel Corp. (NasdaqGS: INTC) is reporting earnings after the close. Intel is looking like a “stealthy value and growth stock” despite the weakness in personal computers, writes Jon C. Ogg for 24/7 Wall St. INTC is 1.0% of DIA.
Johnson & Johnson (NYSE: JNJ) reports Tuesday morning. Investors will watch for resolution to the major recall issues. Nevertheless, this company has provided stable growth and steadily increasing earnings and dividends. JNJ is 3.8% of DIA.
Coca-Cola (NYSE: KO) will also reveal earnings Tuesday morning. Ogg points out that KO shares have been poor since the peak in May. KO is 1.6% of DIA.
On Wednesday after the close, American Express (NYSE: AXP) will release its numbers. Investors are watching out for delinquencies in credit card repayment. AXP is 3.2% of DIA.
International Business Machines (NYSE: IBM) is also reporting after the close Wednesday. Ogg says backlog of services, which was up 3% last quarter, will warn investors that charges for restructuring and layoffs could continue. IBM is 7.8% of DIA.
On Thursday, Goldman Sachs (NYSE: GS) will reveal earnings early morning, with investors looking for trading revenues and investment banking revenues. GS is 6.7% of DIA.
UnitedHealth Group (NYSE: UNH) reports Thursday morning before the open. We will see how the health care industry fares with Obamacare in full effect. UNH is 3.1% of DIA.
Verizon Communications (NYSE: VZ) also reports Thursday morning. The Vodafone deal for Verizon has ended and a large debt offering could throw off numbers. VZ is 2.0% of DIA.
On Friday, General Electric (NYSE: GE) will report earnings in the morning. GE is a bellwether for the economy but it has a limit exposure in the DJIA after recent rebalances. GE is 1.0% of DIA. All told, nearly third of DIA’s weight delivers quarterly results this week.
SPDR Dow Jones Industrial Average ETF
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Max Chen contributed to this article.