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Google-Parent Alphabet Posts Q4 Loss But Hints At Future AI Reveal – ETFs To...

The Google-parent Alphabet (GOOG) has just unveiled their Q4 revenue sales report showing $63.1 billion, just shy of analysts expectations of $63.2 billion. Advertisement revenue fell by 4% and YouTube revenue fell 8%. CEO of Alphabet and Google, Sundar Pichai, made a statement in the earnings release regarding the companies AI stating, “Our long-term investments in deep compute science make us extremely well-positioned as AI reaches an inflection point, and I’m excited by the AI-driven leaps we’re about unveil in Search and beyond.,” The five ETFs with the highest exposure to Alphabet (GOOG) are: XLC — Communication Services Select Sector SPDR Fund (10.61%) IXP — iShares Global Comm Services ETF (9.87%) VOX — Vanguard Communication Services ETF...

Amazon Posts Solid Q4 But Indicates Chance Of Underperformance In Q1 – ETFs To...

Amazon (AMZN) has just reported their revenue for Q4 of 2022 and the numbers show a 9% increase from the previous year to $149.2 billion, beating Wall Street’s expectations. The tech giant has indicated that their current quarter could perform worse than analyst expectations with Amazon estimating revenue of between $121 billion and $126 with analysts estimating $125.1 billion. In after-hour trading on Thursday, shares of Amazon fell 4%.

Apple Posts Disappointing Revenue Report – ETFs To Watch

Apple (AAPL) has just unveiled their revenue for the last three months of 2022 and the numbers are down 5% to $117.2 billion. This is rare for the big tech giant as the drop marks the first time Apple has had year-over-year revenue since 2019. Shares of Apple have began dropping as far as 4% in after-hours trading on Thursday. A quote from Apple CEO Tim Cook states, “As a result of a challenging environment, our revenue was down 5% year over year, but I’m proud of the way we have navigated circumstances seen and unforeseen over the past several years…” The five ETFs with the highest exposure to Apple (AAPL) are: XLK — Technology...

BUX & BlackRock Partner To Launch ETF Savings Plan For European Investors

The Dutch online broker BUX has just announced partnership with BlackRock to launch an ETF savings plan for European investors. The offering will be available in Ireland, the Netherlands, Belgium, Germany, Italy, France, Spain, and Austria starting January 31st. BUX will allow its investors to build portfolios of BlackRock’s iShares ETFs, which offer access to many different bonds and stocks from global markets. Investors will setup a BUX Savings Plan that will meet their interests and investing strategy. There is a minimum investment of €10 per ETF per month with a €1 commission fee per portfolio trade.

BNY Mellon To Launch Innovation ETF

BNY Mellon has announced future plans to launch a new ETF focused on innovation companies. The BNY Mellon Innovators ETF plans to offer long-term capital growth looking to follow a portfolio of “leading-edge” innovation driven companies and products and services that can alter existing business models. The fund plans to take a page from several existing ETFs including Cathie Wood’s ARK Innovation ETF (ARKK) which saw a lot of growth during its early pandemic launch but has suffered a bit due to its top holdings being in tech companies which buckled as the Federal Reserve began its monetary tightening campaign though have rebounded this month.

Top Performing ETFs of the Week

These were the top performing ETFs of the week. TSLL — Direxion Daily TSLA Bull 1.5X Shares ETF +40.53% FNGU — MicroSectors FANG+ Index 3X Leveraged ETN +35.44% BULZ — MicroSectors Solactive FANG & Innovation 3X Leveraged ETN +33% TSL — GraniteShares 1.25x Long TSLA Daily ETF +32.82% SOXL — Direxion Daily Semiconductor Bull 3x Shares +29.48%

Worst Performing ETFs of the Week

These were the worst performing ETFs of the week. NOPE — Noble Absolute Return ETF -29.76% FNGD — MicroSectors FANG+ Index -3X Inverse Levereaged ETN -29.14% BERZ — MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN -27.85% SOXS — Direxion Daily Semiconductors Bear 2x Shares -25.62% TSLS — Direxion Daily TSLA Bear 1X Shares -22.22%