This article highlights three ETFs to watch this week: TQQQ, MAGS, and SCHD. The focus is on the upcoming earnings reports from major tech companies, which are significant constituents of TQQQ and MAGS, and the potential impact of Federal Reserve actions on tech stocks.
The filing identifies three ETFs (TQQQ, MAGS, SCHD) as being in focus for the upcoming week. The primary catalyst for TQQQ and MAGS is the earnings season for major technology companies like Microsoft, Meta, Amazon, and Apple, which are significant holdings. Past earnings from Alphabet and Tesla have shown the potential for sharp declines, indicating short-term volatility risk for these ETFs. Additionally, TQQQ is sensitive to Federal Reserve interest rate decisions. SCHD is highlighted for crossing a significant AUM milestone, suggesting sustained investor interest. Traders should anticipate heightened volatility in TQQQ and MAGS, with potential for significant price swings based on tech earnings and forward guidance, especially regarding capital expenditures.