ETFs to Watch as AMZN, AAPL, META, and MSFT Prepare to Report Earnings This Week
Complete. Here is the key summaryInvestors are eyeing ETFs with heavy exposure to mega-cap tech stocks AMZN, AAPL, META, and MSFT ahead of their earnings reports. Key funds include Invesco NASDAQ 100 ETF (QQQM), Technology Select Sector SPDR Fund (XLK), and Vanguard Mega Cap Growth ETF (MGK). QQQM, a lower-fee alternative to QQQ, holds over 30% in these four stocks and has a Strong Buy consensus with 31.17% upside potential.
With Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), and Meta Platforms (META) all reporting earnings this week, investors are looking for ETFs that offer heavy exposure to these mega-cap names. Three funds stand out for their concentrated weightings in these "Magnificent Seven" stocks: Invesco NASDAQ 100 ETF (QQQM), Technology Select Sector SPDR Fund (XLK), and Vanguard Mega Cap Growth ETF (MGK). All three funds have a Strong Buy consensus rating, and analysts see over 30% upside potential in the next 12 months.
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AMZO: built for a short position on AMZNInvesco NASDAQ 100 ETF (QQQM)
The QQQM ETF is the lower-fee version of the Invesco QQQ Trust (QQQ), tracking the same Nasdaq‑100 Index (NDX) but with a lighter expense ratio of 0.15%. It holds the major tech names, making it a key choice for investors who want exposure to mega-cap growth without paying QQQ's higher fee.
QQQM carries heavy weightings in Microsoft, Apple, Amazon, and Meta, which together make up more than 30% of the fund. That concentration makes it a widely searched vehicle during big-tech earnings.
On TipRanks, the QQQM ETF has a Strong Buy consensus rating based on 88 Buys and 16 Holds assigned in the last three months. The average QQQM ETF price target of $364.83 implies 31.17% upside potential.