A major milestone for the story of the stock market this year looms this evening. Alphabet (GOOGL) will report its earnings today after the bell. Reports suggest the firm will have big, positive news to share, so investors may have questions. For instance, do they own the right stocks, between GOOG and GOOGL? And what ETFs can help maximize positive Alphabet earnings?
Key Takeaways:
- GOOG and GOOGL may be poised to spike when Alphabet earnings arrive after the bell Wednesday.
- ETFs like GXPC and GOOX offer strong weights towards those stocks, one long and one shorter term and tactical.
- While the stocks are different, their returns have mostly been the same, with about a 1% difference over three years.
GOOG and GOOGL operate mostly the same, except for the voting rights they confer. GOOG, Class C shares, offer no voting rights, while GOOGL, Class A shares, do. Otherwise, they mostly operate in the same way, with just about a 1% return difference over the last three years, per YCharts data.
What kind of ETFs, then, offer the best options to lean into GOOG and GOOGL for Alphabet earnings today? ETF Database’s ETF Stock Exposure tool can help find the funds with the largest weights to specific stocks.
See more: 3 Reasons to Use Active ETFs in Your Core Allocation
For example, the Global X PureCap MSCI Communications Services ETF (GXPC) has big allocations to both stocks. The strategy charges 15 basis point (bps) to track the MSCI USA Communication Services Index.
