This article was originally published on ETFTrends.com.
Q3 Earnings Versus the October Effect
Believe it or not, Q3 earnings are upon us! Will it be trick? Or treat? Traders will be watching as the busiest earnings week of the year (October 22nd-26th) takes place during one of the most historically (and notoriously) volatile months of the year. Total Q3 earnings for the S&P 500® Index are expected to be up 17.6% from the same period last year on +7.3% higher revenues. That would be the 6th time in the last 7 quarters of double-digit earnings growth.
Here’s a table identifying the percentage of names in each index that is reporting, arranged by trading week. Below that table is a list of Top Ten Holdings for key indexes, along with their earnings announcement dates, and corresponding bold trades using Direxion Leveraged ETFs.
(Data Source: Bloomberg)
Q3 2018 Earnings Season
Q3 Quarterly Earnings Calendar
(All index data as of 9/30/2018)
|Russell 1000 Financial Services Index (RGUSFLA)||Russell 2000® Index (RU20INTR)|
|Top 10 Weights||Ticker||Weight in the index||Earnings Release Date||Top 10 Weights||Ticker||Weight in the index||Earnings Release Date|
|BERKSHIRE HATHAWAY INC-CL B||BRK/B UN||7.56%||11/2/2018||FIVE BELOW||FIVE UW||0.30%||11/28/2018|
|JPMORGAN CHASE & CO||JPM UN||6.98%||10/12/2018||INTEGRATED DEVICE TECH INC||IDTI UW||0.27%||10/29/2018|
|BANK OF AMERICA CORP||BAC UN||5.11%||10/15/2018||LIVANOVA PLC||LIVN UW||0.27%||10/31/2018|
|VISA INC-CLASS A SHARES||V UN||4.81%||10/24/2018||ETSY INC||ETSY UW||0.26%||11/1/2018|
|WELLS FARGO & CO||WFC UN||4.21%||10/12/2018||HAEMONETICS CORP/MASS||HAE UN||0.26%||11/6/2018|
|MASTERCARD INC – A||MA UN||3.68%||10/25/2018||LIGAND PHARMACEUTICALS||LGND UQ||0.25%||11/5/2018|
|CITIGROUP INC||C UN||3.33%||10/12/2018||HUBSPOT INC||HUBS UN||0.25%||10/31/2018|
|PAYPAL HOLDINGS INC||PYPL UW||1.93%||10/24/2018||TELADOC HEALTH INC||TDOC UN||0.23%||10/31/2018|
|US BANCORP||USB UN||1.49%||10/17/2018||PRIMERICA INC||PRI UN||0.23%||11/6/2018|
|GOLDMAN SACHS GROUP INC||GS UN||1.47%||10/16/2018||HEALTHEQUITY INC||HQY UW||0.22%||12/4/2018|
|Related Funds:||Related Funds:|
S&P 500 Index (SPXT) Energy Select Sector Index (IXETR) Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date APPLE INC AAPL UW 4.15% 11/1/2018 EXXON MOBIL CORP XOM UN 23.07% 10/26/2018 MICROSOFT CORP MSFT UW 3.56% 10/25/2018 CHEVRON CORP CVX UN 16.15% 10/26/2018 AMAZON.COM INC AMZN UW 3.30% 10/25/2018 CONOCOPHILLIPS COP UN 6.20% 10/25/2018 BERKSHIRE HATHAWAY INC-CL B BRK/B UN 1.72% 11/2/2018 EOG RESOURCES INC EOG UN 4.63% 11/2/2018 FACEBOOK INC-A FB UW 1.64% 10/31/2018 OCCIDENTAL PETROLEUM CORP OXY UN 4.47% 10/31/2018 JPMORGAN CHASE & CO JPM UN 1.59% 10/12/2018 SCHLUMBERGER LTD SLB UN 4.37% 10/19/2018 JOHNSON & JOHNSON JNJ UN 1.52% 10/16/2018 VALERO ENERGY CORP VLO UN 3.56% 10/25/2018 EXXON MOBIL CORP XOM UN 1.48% 10/26/2018 PHILLIPS 66 PSX UN 3.48% 10/26/2018 ALPHABET INC-CL C GOOG UW 1.48% 10/25/2018 MARATHON PETROLEUM CORP MPC UN 2.70% 10/25/2018 ALPHABET INC-CL A GOOGL UW 1.45% 10/25/2018 HALLIBURTON CO HAL UN 2.60% 10/22/2018 Related Funds:
- Daily S&P 500 Bear 1X Shares
- Daily S&P 500 Bull 2X Shares
- Daily S&P 500 Bull 3X Shares
- Daily S&P 500 Bear 3X Shares
Health Care Select Sector Index (IXVTR) Technology Select Sector Index (IXTTR) Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date JOHNSON & JOHNSON JNJ UN 10.16% 10/16/2018 APPLE INC AAPL UW 19.88% 11/1/2018 PFIZER INC PFE UN 7.03% 10/30/2018 MICROSOFT CORP MSFT UW 17.08% 10/25/2018 UNITEDHEALTH GROUP INC UNH UN 6.90% 10/16/2018 VISA INC-CLASS A SHARES V UN 5.18% 10/24/2018 MERCK & CO. INC. MRK UN 5.12% 10/25/2018 CISCO SYSTEMS INC CSCO UW 4.34% 11/14/2018 ABBVIE INC ABBV UN 3.90% 11/2/2018 INTEL CORP INTC UW 4.13% 10/25/2018 AMGEN INC AMGN UW 3.66% 10/23/2018 MASTERCARD INC – A MA UN 3.96% 10/25/2018 MEDTRONIC PLC MDT UN 3.64% 11/20/2018 NVIDIA CORP NVDA UW 3.15% 11/15/2018 ABBOTT LABORATORIES ABT UN 3.45% 10/17/2018 ORACLE CORP ORCL UN 2.85% 12/17/2018 ELI LILLY & CO LLY UN 2.77% 10/23/2018 INTL BUSINESS MACHINES CORP IBM UN 2.71% 10/16/2018 BRISTOL-MYERS SQUIBB CO BMY UN 2.74% 10/25/2018 ADOBE SYSTEMS INC ADBE UW 2.55% 12/13/2018 Related Funds:
S&P Utilities Select Sector Index (IXUTR) S&P Industrial Select Sector Index (IXITR) Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date NEXTERA ENERGY INC NEE UN 11.46% 10/24/2018 BOEING CO/THE BA UN 8.18% 10/24/2018 DUKE ENERGY CORP DUK UN 8.21% 11/2/2018 3M CO MMM UN 5.20% 10/23/2018 DOMINION ENERGY INC D UN 6.65% 10/31/2018 HONEYWELL INTERNATIONAL INC HON UN 5.15% 10/19/2018 SOUTHERN CO/THE SO UN 6.36% 10/31/2018 UNION PACIFIC CORP UNP UN 5.07% 10/25/2018 EXELON CORP EXC UN 6.02% 10/31/2018 UNITED TECHNOLOGIES CORP UTX UN 4.40% 10/23/2018 AMERICAN ELECTRIC POWER AEP UN 5.02% 10/25/2018 GENERAL ELECTRIC CO GE UN 4.15% 10/25/2018 SEMPRA ENERGY SRE UN 4.47% 11/2/2018 CATERPILLAR INC CAT UN 3.83% 10/23/2018 PUBLIC SERVICE ENTERPRISE GP PEG UN 3.77% 10/26/2018 LOCKHEED MARTIN CORP LMT UN 3.56% 10/16/2018 XCEL ENERGY INC XEL UW 3.47% 10/25/2018 UNITED PARCEL SERVICE-CL B UPS UN 3.38% 10/24/2018 P G & E CORP PCG UN 3.45% 10/25/2018 CSX CORP CSX UW 2.51% 10/16/2018 Related Funds:
S&P Retail Select Industry Index (SPSIRETR) S&P Biotechnology Select Industry Index (SPSIBITR) Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date DSW INC-CLASS A DSW UN 1.22% 11/20/2018 ACADIA PHARMACEUTICALS INC ACAD UW 1.88% 11/6/2018 CAMPING WORLD HOLDINGS INC-A CWH UN 1.20% 11/8/2018 VIKING THERAPEUTICS INC VKTX UR 1.81% 11/7/2018 KROGER CO KR UN 1.20% 12/6/2018 ALEXION PHARMACEUTICALS INC ALXN UW 1.43% 10/25/2018 FOOT LOCKER INC FL UN 1.20% 11/16/2018 SANGAMO THERAPEUTICS INC SGMO UW 1.38% 11/7/2018 EXPRESS INC EXPR UN 1.19% 11/21/2018 IONIS PHARMACEUTICALS INC IONS UW 1.37% 11/6/2018 NUTRISYSTEM INC NTRI UW 1.18% 10/24/2018 ARRAY BIOPHARMA INC ARRY UQ 1.36% 10/30/2018 MURPHY USA INC MUSA UN 1.18% 10/31/2018 TESARO INC TSRO UW 1.36% 11/6/2018 TRACTOR SUPPLY COMPANY TSCO UW 1.18% 10/25/2018 ANAPTYSBIO INC ANAB UW 1.34% 11/8/2018 WALGREENS BOOTS ALLIANCE INC WBA UW 1.18% 10/11/2018 LIGAND PHARMACEUTICALS LGND UQ 1.31% 11/5/2018 ABERCROMBIE & FITCH CO-CL A ANF UN 1.18% 11/21/2018 AMICUS THERAPEUTICS INC FOLD UQ 1.31% 11/5/2018 Related Funds:
S&P Oil & Gas Exploration and Production Index (SPSIOP) S&P Regional Banks Select Industry Index (SPSIRBKT) Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date CALIFORNIA RESOURCES CORP CRC UN 2.04% 11/1/2018 KEYCORP KEY UN 1.85% 10/18/2018 DENBURY RESOURCES INC DNR UN 1.93% 11/6/2018 REGIONS FINANCIAL CORP RF UN 1.81% 10/23/2018 CHESAPEAKE ENERGY CORP CHK UN 1.88% 11/1/2018 SUNTRUST BANKS INC STI UN 1.81% 10/19/2018 OASIS PETROLEUM INC OAS UN 1.87% 10/31/2018 PNC FINANCIAL SERVICES GROUP PNC UN 1.79% 10/12/2018 CONTINENTAL RESOURCES INC/OK CLR UN 1.86% 11/6/2018 STERLING BANCORP/DE STL UN 1.79% 10/23/2018 ENERGEN CORP EGN UN 1.82% 11/6/2018 BB&T CORP BBT UN 1.79% 10/18/2018 DIAMONDBACK ENERGY INC FANG UW 1.82% 10/30/2018 PACWEST BANCORP PACW UW 1.79% 10/16/2018 CARRIZO OIL & GAS INC CRZO UW 1.81% 11/6/2018 SVB FINANCIAL GROUP SIVB UW 1.79% 10/25/2018 MARATHON OIL CORP MRO UN 1.80% 10/31/2018 COMERICA INC CMA UN 1.79% 10/16/2018 SOUTHWESTERN ENERGY CO SWN UN 1.80% 11/1/2018 FIFTH THIRD BANCORP FITB UW 1.78% 10/23/2018 Related Funds:
MSCI US REIT Index (RMS G) PHLX Semiconductor Sector Index (XSOX) Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date SIMON PROPERTY GROUP INC SPG UN 6.51% 10/25/2018 BROADCOM INC AVGO UW 9.29% 12/5/2018 PROLOGIS INC PLD UN 4.93% 10/16/2018 QUALCOMM INC QCOM UW 8.71% 11/7/2018 EQUINIX INC EQIX UW 3.99% 10/31/2018 TEXAS INSTRUMENTS INC TXN UW 7.90% 10/23/2018 PUBLIC STORAGE PSA UN 3.77% 10/25/2018 INTEL CORP INTC UW 7.84% 10/25/2018 AVALONBAY COMMUNITIES INC AVB UN 2.95% 10/30/2018 NVIDIA CORP NVDA UW 7.82% 11/15/2018 EQUITY RESIDENTIAL EQR UN 2.88% 10/23/2018 ADVANCED MICRO DEVICES AMD UR 5.21% 10/23/2018 WELLTOWER INC WELL UN 2.82% 11/7/2018 TAIWAN SEMICONDUCTOR-SP ADR TSM UN 4.22% 10/18/2018 DIGITAL REALTY TRUST INC DLR UN 2.75% 10/25/2018 ANALOG DEVICES INC ADI UW 3.90% 11/20/2018 VENTAS INC VTR UN 2.29% 10/25/2018 NXP SEMICONDUCTORS NV NXPI UW 3.83% 10/31/2018 BOSTON PROPERTIES INC BXP UN 2.26% 10/30/2018 APPLIED MATERIALS INC AMAT UW 3.68% 11/15/2018 Related Funds:
Dow Jones Transportation Average (DJTTR) Dow Jones U.S. Select Aerospace & Defense (DJSASDT) Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date FEDEX CORP FDX UN 12.88% 12/18/2018 BOEING CO/THE BA UN 11.34% 10/24/2018 NORFOLK SOUTHERN CORP NSC UN 9.71% 10/24/2018 UNITED TECHNOLOGIES CORP UTX UN 8.35% 10/23/2018 UNION PACIFIC CORP UNP UN 8.77% 10/25/2018 LOCKHEED MARTIN CORP LMT UN 7.56% 10/16/2018 LANDSTAR SYSTEM INC LSTR UW 6.52% 10/24/2018 RAYTHEON COMPANY RTN UN 6.21% 10/25/2018 HUNT (JB) TRANSPRT SVCS INC JBHT UW 6.47% 10/16/2018 GENERAL DYNAMICS CORP GD UN 6.08% 10/24/2018 UNITED PARCEL SERVICE-CL B UPS UN 6.25% 10/24/2018 NORTHROP GRUMMAN CORP NOC UN 5.99% 10/24/2018 KANSAS CITY SOUTHERN KSU UN 6.16% 10/19/2018 ROCKWELL COLLINS INC COL UN 3.85% 10/26/2018 C.H. ROBINSON WORLDWIDE INC CHRW UW 5.19% 10/17/2018 HARRIS CORP HRS UN 3.57% 10/30/2018 UNITED CONTINENTAL HOLDINGS UAL UW 4.76% 10/16/2018 TRANSDIGM GROUP INC TDG UN 3.44% 11/8/2018 KIRBY CORP KEX UN 4.44% 10/24/2018 TEXTRON INC TXT UN 3.43% 10/18/2018 Related Funds:
ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Due to the daily nature of the leverage employed, there is no guarantee of amplified long-term returns. Past performance is not indicative of future results.
An investor should consider the investment objectives, risks, charges, and expenses of Direxion Shares carefully before investing. The prospectus and summary prospectus contain this and other information about Direxion Shares. Click here to obtain a prospectus or contact Direxion at (877) 437-9363. The prospectus or summary prospectus should be read carefully before investing.
Direxion Shares Risks – An investment in the ETFs involves risk, including the possible loss of principal. Each ETF is non-diversified and includes risks associated with the ETF concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Each Fund does not attempt to, and should not be expected to, provide returns which are a multiple of the return of their underlying index for periods other than a single day. Risks of each Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Counterparty Risk, Intra-Day Investment Risk, for each Bull Fund, Daily Index Correlation/Tracking Risk and Other Investment Companies (including ETFs) Risk, for each Bear Fund, Daily Inverse Index Correlation/Tracking Risk and risks related to Shorting and Cash Transactions. In addition to these risks, there are risks associated with an ETF’s investment in a specific sector, industry, or stocks that comprise each Fund’s underlying index. Please see the summary and full prospectuses for a more complete description of these and other risks of each Fund.
The views in this material represent an assessment of the current market conditions and is not intended to be a forecast of future events. These views are intended to educated the reader and do not constitute investment advice regarding the funds or any security in particular. Past performance does not guarantee future results.
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