The big news among Internet stocks today is that shares of
social media firm Facebook (NASDAQ:
) are up nearly 26 percent after the company reported an adjusted
second-quarter profit of $488 million, or 19 cents per share, on
revenue of $1.81 billion. Analysts were expecting EPS of 14 cents
on revenue of $1.62 billion.
With Mark Zuckerberg's company, the same one the Winklevoss
of Bitcoin ETF fame
allegedly started, enjoying its best one-day performance since
coming public in 2012, some investors are starting to wonder if
Facebook can reclaim its $38 IPO price.
It is not a far flung possibility as the shares touched $34
earlier Thursday. However, it is not just Facebook that is
boosting the fortunes of Internet and social media
today. There are more reasons to consider the following ETFs.
Facebook Via ETFs
Global X Social Media Index ETF (NASDAQ:
) Since the Global X Social Media Index ETF was the first ETF to
include Facebook, the fund has, at times, been called "The
Facebook ETF." Indeed, the ETF is up 4.1 percent today on volume
that is double its daily average. And yes, Facebook is part of
the reason as the stock is the fund's fourth-largest holding with
a weight of 8.5 percent.
However, Facebook is not the only reason why SOCL is soaring.
There have been times when other stocks
have boosted SOCL
and that is happening today as shares of Yandex (NASDAQ:
), the Google (NASDAQ:
) of Russia, are touching three-year highs after the company said
second-quarter revenue surged 35 percent.
Market Vectors Wide Moat ETF (NYSE:
) MOAT may not be the first ETF investors think of as a Facebook
play, but the stock is the fund's second-largest holding behind
) with a weight of 5.44 percent. MOAT is essentially an
equal-weight play as its 21 holdings are weighted between 4.4 and
5.6 percent. The fund offers additional utility as an Internet
play by including eBay (NASDAQ:
). Additionally, Amazon (NASDAQ:
) is on the watch list for possible inclusion in MOAT,
according to ETF Trends
PowerShares NASDAQ Internet Portfolio (NASDAQ:
) Speaking of Amazon, the e-commerce giant reports quarterly
results Thursday after close. That will cap a 24-hour period in
which five of PNQI's top-10 holdings have reported earnings. An
to get exposure to an array of triple-digit
, at least 28.8 percent of PNQI's holdings will have reported
earnings by this evening.
That list includes Amazon, Facebook, Baidu (NASDAQ:
), TripAdvisor (NASDAQ:
) and Equinix (NASDAQ:
). Equinix is the laggard of the group today, but PNQI is still
up 4.2 percent on above average volume and earlier touched a new
For more on ETFs, click
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Profit with More New & Research
. Gain access to a streaming platform with all the information
you need to invest better today.
Click here to start your 14 Day Trial of Benzinga