Big Blue-Chip Earnings Week Puts Dow ETF in Focus | ETF Trends

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.