ETF XRAY

iShares Dow Jones US Telecom (IYZ)

Earnings just posted regarding the second largest position of IYZ namely Verizon Communications Inc. “…Excluding special items, the company's quarterly net income per share dropped 6.7%, yet came in above the Wall Street analysts' estimate. Reflecting solid revenue growths in wireless as well as wireline operations, the New York-based company's top line results rose 6.4% for the quarter.” To read the complete report click here.

The point and figure chart below shows the value of 100 shares of IYZ since January 3, 2006, an additional green shaded area highlights January of this year.

(Click on image for larger view)

By DE Smith of MyPortfolioView

IYZ - iShares Telecommunications ETF

IYZ – iShares Dow Jones US Telecommunications Index has maintained its demand status for nearly four years according to its point & figure chart. The top three positions Verizon, AT&T, Sprint Nextel Corp make up 50% of the current allocation.

IXP - iShares S&P Global Telecommunications Sector Index Fund which unlike IYZ has recently reversed into a column of O’s. Its top five holdings are: 1) Vodafone Group Plc [VOD] 16.21%, 2) Verizon Communications Inc [VZ] 9.26%, 3) Telefonica SA [TEF] 8.15%, 4) SBC Communications Inc [SBC] 7.40%, 5) BellSouth Corp [BLS] 4.54%

DE Smith of MyPortfolioView