In Focus: ETF Plays For Friday Earnings

Sure, Friday's trading is probably going to be held hostage by the January jobs report, but that doesn't mean there aren't other opportunities for traders to take advantage of today. Here are a few ETFs that are going to be in play on the back of earnings reports from some of their top holdings. 1) Market Vectors Gaming ETF (NYSE: BJK): Let's see, Las Vegas Sands (NYSE: LVS) reported disappointing fourth-quarter revenue numbers after the bell Thursday and that name equals more than 11% of BJK's weight. The Las Vegas Sands news could be a drag on rival Wynn Resorts (Nasdaq: WYNN), which accounts for 7% of BJK. 2) iShares MSCI All Peru Capped Index Fund (NYSE: EPU): Credicorp (NYSE: BAP), Peru's largest financial holding company and EPU's third-largest constituent at almost 14% of the ETF's weight reported a 6% jump in fourth-quarter profits on Thursday night, but how the market reacts to a 10.5% jump in operating costs and 9.7% rise in loan-loss provisions will be critical for Credicorp's and perhaps EPU's Friday performance. 3) Guggenheim Timber ETF (NYSE: CUT) and/or the iShares S&P Global Timber & Forestry Index Fund (NYSE: WOOD): Weyerhaeuser (NYSE: WY) reports earnings before the bell and the company is the top holding in both CUT and WOOD, though the stock gets a bigger weight in WOOD at almost 9.5% compared almost 5.5% in CUT.