Equinix and Other Data Center Stocks Send PNQI Lower Wednesday, October 6, 12:03 PM ET, by Market News Video Staff The PowerShares Nasdaq Internet Portfolio ETF (PNQI) is experiencing some weakness today as news out ...
ETFs Hold More Than $3.6 Billion of Google Sunday, October 10, 8:19 AM ET, by Market News Video Staff According to ETFChannel.com's Top ETF Stock Components list, ETFs hold over $3.675 billion of Google ...
News to Know, ETFs To Watch Oct 14, 2010 Thursday, October 14, 7:32 AM ET, by Market News Video Staff - Google (GOOG) to release earnings after the bell. ETF with greatest concentration of GOOG ...
By Market News Video Staff, Wednesday, October 20, 12:12 PM ET
After the bell on Tuesday, Yahoo! (NASDAQ:YHOO) posted positive third quarter earnings as display ad growth continues at the California-based search engine. Following the results, a number of brokers issued reports saying they were encouraged by the growth at the company. Barclays (BCS) raised its 2010 EPS estimates to $0.87 per share, while maintaining its overweight rating and $21 price target. And Morgan Stanley reiterated its overweight rating while increasing its EPS estimates through 2012.
News out of Yahoo! is helping ETFs as well today, as the Internet HOLDRs ETF (HHH) is higher by 0.7%. This ETF holds 12% of its portfolio in Yahoo! stock, and only Amazon.com (NASDAQ:AMZN) and eBay (NASDAQ:EBAY) have larger positions. Another ETF benefitting from the strong results is the PowerShares Nasdaq Internet Portfolio ETF (NASDAQ:PNQI) which is up 1.5% today. This ETF holds 8.3% of its portfolio in Yahoo! stock, led only by Google (NASDAQ:GOOG), Baidu (NASDAQ:BIDU) and Amazon.com.
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