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ETFs to Buy on Apple's Q2 Earnings Beat, Largest-Ever Buyback [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
The iPhone manufacturer lifted its dividend payments and unveiled a record share buyback program amid the steep decline in iPhone sales. Bolstered by the increased dividend and stock repurchase commitment, Apple shares jumped as much as 8% in after-market hours, lifting its market capitalization by more than $160 billion. Investors seeking to tap the strength should consider ETFs having the largest allocation to the tech titan. Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC, iShares US Technology ETF IYW and Vanguard Mega Cap Growth ETF MGK have Apple as the top or second firm with a double-digit allocation and carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). Apple Earnings in Focus Earnings per share came in at $1.53, beating the Zacks Consensus Estimate by a couple of cents and increasing from the year-ago earnings of $1.52. Revenues fell 4% year over year to $90.8 billion but edged past the estimated $
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