This week kicks off earnings season with aluminum giant Alcoa
Financial Select Sector SPDR
Why XLF Will Be in Focus: As the U.S. economic situation continues to improve marginally, the focus is likely to shift back to some of the nation's largest banks to see if they are picking up steam as well. Two of the country's largest and most important financial institutions, JPMorgan Chase
iPath MSCI India Index ETN
Why INP Will Be in Focus: As interest in emerging markets has surged over the past few weeks, one of the primary beneficiaries has been the market of India. This emerging country, as represented by INP, has soared by close to 9.6% over the last four weeks alone, leaving many investors feeling very bullish over the short-term prospects in the world's most populous democracy. However, this could all change with a key earnings report due out of the country this week. One of the nation's largest companies, Infosys Technologies, is set to post its fourth quarter's earnings and looks to follow up last quarter's solid results, which showed 14% growth in net profits. The company's stock has struggled significantly since then, and the company makes up over 10% of the fund's total assets, so a strong quarterly report or an optimistic outlook could help to boost INP during this week's session [see Three ETFs George Soros Might Like].
Global X Silver Miners ETF
Why SIL Will Be in Focus: While many investors have focused in on gold to achieve their precious metals exposure, silver has been the real star as of late, outpacing the gains of its yellow cousin. In fact, the miners of this important industrial and ornamental commodity have seen their share prices soar with SIL gaining 9.6% in just the past week alone, an impressive gain for the fund that is now up 61% over the past half year period and close to 110% in the last 52 weeks. With impressive gains like that, and with silver at levels not seen since the '80s, investors are bound to take notice of this fund. However, with such a quick run-up, there is also the very real possibility of a sharp pullback, and since SIL is a leveraged play on silver, it could suffer more than most if commodity prices pull back this week. Investors should look for SIL to remain volatile during this week of trading, and keep a close eye on the fluctuations of the underlying metal for clues on how the Global X fund will react during these next few sessions [see Precious Metal ETFs: Physical vs. Equity Exposure].
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