While the markets are generally fixated on what the Magnificent Seven is doing in terms of first-quarter earnings, there are other names investors may want to track. This morning’s earnings bonanza was highlighted by names like Coca-Cola (KO), BP p.lc. (BP), Spotify (SPOT), General Motors (GM), and United Parcel Service (UPS).
These aforementioned names are also market leaders, adding some context on what a specific sector may be doing. In totality, it also indicates how well the whole economy is doing. In that case, it’s helpful to keep track of the exchange-traded funds (ETFs) with the heaviest allocations of these stocks. Today’s earnings, in particular, provided a pulse on consumer demand, energy resilience, digital media, and logistics.
Key Takeaways:
- While tech giants dominate headlines, broad earnings beats from Coca-Cola, GM, and UPS signal a resilient U.S. economy, proving that consumer demand and B2B activity remain healthy across multiple sectors.
- Leaders are prioritizing efficiency over sheer scale. Coca-Cola used pricing power to offset costs, while UPS and GM focused on operational strategies to deliver significant EPS surprises.
- Investors can capture this momentum with ETFs.
See more: Key Tech Earnings Drop This Week: Is Your Tech Fund Delivering?
Consumer & Energy Resilience
Coca-Cola provided a jolt of caffeine to kick off the morning’s earnings with an earnings per share (EPS) of $0.86, which beat out consensus estimates of $0.81. Revenue grew 11.4% year-over-year to $12.47 billion thanks to unit case growth in combination with strategic price increases. Looking ahead, the beverage giant raised its full-year guidance, which signaled confidence in its consumer-centric digital approach.
Top three ETFs with heaviest weighting of Coke:
| ETF (Ticker) | ETF Database Category | Expense Ratio | Weighting |
|---|---|---|---|
| iShares U.S. Consumer Staples ETF (IYK) | Consumer Staples Equities | 0.38% | 12.01% |
| Global X PureCap MSCI Consumer Staples ETF (GXPS) | Consumer Staples Equities | 0.15% | 10.26% |
| Vanguard Consumer Staples ETF (VDC) | Consumer Staples Equities | 0.09% | 8.32% |
The ebbs and flows of a dynamic oil market is certainly keeping investors focused on the energy sectors. Given the rising tide of oil prices as of late, BP reported a robust underlying net income of $3.2 billion while beating EPS estimates of $0.93 with reported EPS of $1.24. Despite geopolitical disruptions, the company mentioned that its customers and products segment saw recorded profits jump to $3.2 billion, which marked its highest level since 2022.
Top three ETFs with heaviest weighting of BP:
| ETF (Ticker) | ETF Database Category | Expense Ratio | Weighting |
|---|---|---|---|
| BP p.l.c. ADR hedged (BPH) | Energy Equities | 0.19% | 98.36% |
| Texas Capital Texas Oil Index ETF (OILT) | Energy Equities | 0.35% | 4.44% |
| Altrius Global Dividend ETF (DIVD) | Dividend Equities | 0.49% | 2.26% |
Tech & Industrial Pivot
Moving on to tech and specifically, digital media. Swedish audio streamer Spotify recorded an EPS beat, reporting $3.45 against a $2.95 forecast. While revenue grew 8% compared to last year and monthly active users reached 761 million (a 12% bump year over year), its guidance did suggest uncertainty.
Top three ETFs with heaviest weighting of Spotify:
| ETF (Ticker) | ETF Database Category | Expense Ratio | Weighting |
|---|---|---|---|
| MUSQ Global Music Industry Index ETF (MUSQ) | Consumer Discretionary Equities | 0.76% | 11.50% |
| iShares MSCI Sweden ETF (EWD) | Europe Equities | 0.51% | 10.45% |
| First Trust Dow Jones International Internet ETF (FDNI) | Large Cap Growth Equities | 0.65% | 8.22% |
General Motors impressed by raising its full-year EBIT-adjusted guidance to a range of $13.5 billion and $15.5 billion. The automaker reported Q1 revenue of $43.6 billion, which was bolstered by a favorable Supreme Court ruling regarding U.S. tariffs. While revenue fell just short of Wall Street expectations, EPS came in at $3.70 adjusted versus the $2.62 expected.
Top three ETFs with heaviest weighting of GM:
| ETF (Ticker) | ETF Database Category | Expense Ratio | Weighting |
|---|---|---|---|
| First Trust Nasdaq Transportation ETF (FTXR) | Industrials Equities | 0.60% | 7.90% |
| Invesco BuyBack Achievers™ ETF (PKW) | Large Cap Blend Equities | 0.62% | 3.59% |
| First Trust Dorsey Wright Momentum & Value ETF (DVLU) | All Cap Equities | 0.60% | 3.42% |
UPS Delivers on Earnings
Finally, UPS provided a bellwether for the state of the economy given that its performance may reflect consumer demand and business-to-business activity. A strong earnings report form UPS can indicate robust commerce, while weakness often signals a pullback in consumer spending or a potential slowdown in global trade.
UPS reported consolidated revenue of $21.2 billion and adjusted EPS of $1.07 (Wall Street estimates were $1.02). While the company is navigating ongoing transformation charges, management remains focused on its “better, not bigger” operations strategy.
Top three ETFs with heaviest weighting of UPS:
| ETF (Ticker) | ETF Database Category | Expense Ratio | Weighting |
|---|---|---|---|
| First Trust Nasdaq Transportation ETF (FTXR) | Industrials Equities | 0.60% | 6.91% |
| Pacer Industrials and Logistics ETF (SHPP) | Industrials Equities | 0.60% | 5.80% |
| Miller Value Partners Appreciation ETF (MVPA) | All Cap Equities | 0.60% | 5.21% |
For more news, information, and strategy, visit ETFdb.
VettaFi LLC (“VettaFi”) is the index provider for MUSQ, for which it receives an index licensing fee. However, MUSQ is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of MUSQ.
