Home Depot (NYSE:HD) is set to release its latest quarterly earnings on Tuesday morning before the opening bell, with results expected to carry wide implications across the exchange traded fund landscape.
The home improvement giant, often seen as a bellwether for consumer spending and the housing sector, is currently held by 408 different ETFs. Collectively, these funds represent ownership of more than 155.2 million shares, making Home Depot a core component of numerous widely traded portfolios.
Market forecasts anticipate the retailer will post earnings per share of $4.70 alongside revenue of $45.39 billion. Investors will be watching closely for commentary on consumer demand, professional contractor activity, and the broader housing market, all of which could influence sentiment moving forward.
Given the company’s sizable ETF footprint, Home Depot’s report is likely to generate ripples across Wall Street. The following funds currently hold the largest allocations to the stock:
No. 1: iShares U.S. Consumer Focused ETF (BATS:IEDI) at 11.26%.
No. 2: VanEck Retail ETF (NASDAQ:RTH) at 7.46%.
No. 3: Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) at 6.93%.
No. 4: Global X PureCap MSCI Consumer Discretionary ETF (NYSEARCA:GXPD) at 6.79%.
No. 5: Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) at 6.00%.
No. 6: Vanguard Consumer Discretionary ETF (NYSEARCA:VCR) at 5.77%.
No. 7: Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) at 5.68%.
No. 8: Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) at 5.63%.
No. 9: Global X Dow 30 Covered Call & Growth ETF (NYSEARCA:DYLG) at 5.60%.
No. 10: SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) at 5.47%.