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Time Warner, AOL Beat Expectations: ETFs to Watch HHH, PBS, CSD
By Market News Video Staff, Wednesday, November 3, 11:31 AM ET
Entertainment giant Time Warner (NYSE:TWX) posted a 21% dip in profits today, but still managed to beat analyst expectations. Time Warner shares are trading down 2.7% Wednesday.
Former Time Warner unit AOL (NYSE:AOL) posted more than double the third quarter profits of last year, and blew past analyst expectations. Shares are trading higher by 5.3%.
Both companies are in the Internet Holders ETF (HHH), with Time Warner making up 6.33% of the portfolio, and AOL, 0.48%.
Time Warner is a top 10 holding of the Dynamic Media Portfolio (AMEX:PBS), making up 4.66% of the fund, which is trading down 0.3% today.
AOL is one of the top five holdings of the Guggenheim Spin-Off ETF - formerly the Claymore/Beacon Spin-Off ETF (AMEX:CSD), at 5.07%. That fund is trading up 0.35% Wednesday.
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