Home > Alcoa Beats The Street Giving Material ETF’S A Sign Of Things To Come (UYM, XLB, IYM)
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Alcoa Beats The Street Giving Material ETF’S A Sign Of Things To Come (UYM, XLB, IYM)

materialsAlcoa the Pittsburgh-based aluminum producer beat Wall Street’s top and bottom line expectations for the second quarter, providing a hopeful sign in the unofficial kickoff to earnings season.

Alcoa said it lost $454 million or 47 cents a share in the second quarter, vs. $546 million, or 66 cents a share a year earlier. The quarter marks Alcoa’s third straight quarterly loss. Excluding one-time restructuring charges, Alcoa lost 26 cents a share. Analysts polled by Thomson Financial had expected a loss of 38 cents a share.

The beat by Alcoa provided a boost to material ETF’s. Alcoa makes up approximately 3 percent of ETF’s UYM, XLB, and IYM.  If Alcoa has provided a sign of things to come, these ETF’s look attractive.  Not to mention the thought of inflation on the horizon in the coming years ahead.  One thing to keep in mind is that these ETF’s provide exposure in the gold market with Newmont Mining and Freeport McMoran as companies with large stakes in the ETF’s.


The investment XLB seeks to correspond generally to the performance, before fees and expenses, of the materials economic sector. The investment IYM seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Basic Materials index.  UYM seeks twice the daily performance of the same index.

We have included a list of the top holdings within IYM & XLB below:

Materials Select Sector SPDR (XLB) TOP 10 HOLDINGS ( 70.39% OF TOTAL ASSETS)

 
 
Company Symbol % Assets
AIR PRODUCTS CHEM APD 4.79
ALCOA INC AA 3.53
DU PONT E I DE NEM DD 9.77
FREEPORT MCMORAN B FCX 4.33
MONSANTO COMPANY MON 18.04
NEWMONT MIN CP (HLDG NEM 7.63
NUCOR CP NUE 4.29
PRAXAIR INC PX 8.89
DOW CHEMICAL DOW 6.03
WEYERHAEUSER CO WY 3.09
iShares Dow Jones US Basic Materials (IYM)TOP 10 HOLDINGS ( 56.72% OF TOTAL ASSETS)  
 
Company Symbol % Assets
AIR PRODUCTS CHEM APD 5.01
ALCOA INC AA 3.4
DU PONT E I DE NEM DD 9.66
FREEPORT MCMORAN B FCX 6.65
NEWMONT MIN CP (HLDG NEM 7.4
NUCOR CP NUE 4.47
PEABODY ENERGY CORP BTU 2.71
P P G IND PPG 2.81
PRAXAIR INC PX 8.87
DOW CHEMICAL DOW 5.74

GET A FREE TREND ANALYSIS  FOR ANY ETF HERE!



ETF BASIC NEWS, NYSE:IYM, NYSE:UYM, NYSE:XLB


 

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