To get a sense for how ETFs such as XLE and IYE will perform post-earnings announcements, investors can evaluate the Market Vectors Oil Service ETF (NYSEArca: OIH) and the iShares U.S. Oil Equipment & Services ETF (NYSEArca: IEZ). Those ETFs are up an average of 2% since April 17, the day Schlumberger (NYSE: SLB), the world’s largest oil services company, delivered first-quarter results.
Next week is also a significant week for energy sector earnings as Occidental Petroleum (NYSE: OXY), EOG Resources (NYSE: EOG) and Anadarko Petroleum (NYSE: APC) all deliver results on May 5. Those stocks combine for almost 10.5% of XLE’s weight, according to State Street data.
Energy Select Sector SPDR
ETF Trends editorial team contribute to this post.