Top ETFs to Watch for AMZN, GOOGL, MSFT Earnings Reports

Three of the big tech hyperscalers report their earnings this week, with massive implications for the broader stock market. Amazon (AMZN), Alphabet (GOOGL), and Microsoft (MSFT) all report earnings this week.

ETF Trends • Oct 27, 2026

Should iShares Top 20 U.S. Stocks ETF (TOPT) Be on Your Investing Radar?

Launched on October 23, 2024, the iShares Top 20 U.S. Stocks ETF (TOPT) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.

Zacks Investment Research • Oct 1, 2026

TOPT: Plenty Of AI, Just The Wrong Layers

iShares Top 20 US Stocks ETF (TOPT) is rated Hold, reflecting net positive total return outlook but not relative strength versus S&P 500 alternatives. TOPT's portfolio is highly concentrated (~71.5% in top 10), with increased AI exposure (~58%) but limited diversification and missed alpha opportunities. The ETF's market-cap approach overweights inert mega caps, underexposes equipment, memory, and optical interconnect themes, and lacks industrials, utilities, or materials.

Seeking Alpha • Sep 27, 2026

TOPT: U.S. Mega Caps Drift Collectively Toward GARP Territory

The iShares Top 20 US Stocks ETF earns a "Buy" rating, offering concentrated mega-cap exposure with a GARP profile. TOPT trades at a reasonable 23x P/E and >15% long-term EPS growth, resulting in a PEG just above 1.5x. Information Technology dominates at 52% of the portfolio, making sector leadership crucial for alpha generation.

Seeking Alpha • Jul 14, 2026

Cisco Surges on Strong AI Demand and Upbeat Outlook: ETFs to Win

Cisco surged on strong AI demand and upbeat guidance, boosting Cisco-heavy ETFs as AI infrastructure orders topped expectations.

Zacks Investment Research • May 15, 2026

TOPT: Ultra-Concentrated Basket Of Mega Caps That Is Unnecessarily Risky, A Hold

iShares Top 20 US Stocks ETF provides exposure to the main 20 names in the S&P 500 index. Thanks to ultra-concentrated approach, TOPT has a few advantages over the IVV portfolio in terms of growth, GARP, and quality characteristics. On the negative side, while TOPT has beaten IVV and OEF since October 2024, it has trailed more diversified QQQ and QTOP.

Seeking Alpha • Apr 13, 2026

TOPT Holds 16% in NVIDIA Alone, and That Concentration Is Driving Its 11% Loss

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) is down 11.06% year-to-date, and that slide traces directly back to the fund's defining feature: a portfolio so concentrated in a handful of mega-cap technology names that a bad stretch for those stocks is, by definition, a bad stretch for the fund.

24/7 Wall Street • Mar 30, 2026

TOPT: The Top 20 Strategy Could Again Deliver Solid Returns In 2026

iShares Top 20 U.S. Stocks ETF remains a buy, leveraging mega-cap leadership and strong earnings growth into 2026. Despite recent volatility and potential investor rotation, TOPT's AI-focused mega caps and diversified holdings underpin robust forward earnings expectations. TOPT's valuation has moderated, with the Mag 7 trading at 27x forward earnings and a trailing PE of 35, enhancing risk-reward.

Seeking Alpha • Jan 22, 2026

Winning Stocks Keep Winning, And That's What iShares TOPT ETF Let's You Bet On

TOPT holds only the 20 largest U.S. stocks with quarterly rebalancing. Three holdings (NVIDIA, Apple, Microsoft) comprise 42% of the fund. The fund charges 0.20% annually versus 0.03% for VOO. VOO includes the same top 20 stocks plus 480 additional companies for diversification.

24/7 Wall Street • Dec 14, 2025

From S&P 500 To MGC To TOPT: Where The Lean Strategy Breaks

The iShares Top 20 U.S. Stocks ETF offers extreme concentration in mega caps, diverging sharply from both MGC and SPY sector allocations. TOPT's high concentration amplifies both potential returns and risks, making it more sensitive to price changes and less diversified than MGC or SPY. While TOPT has recently outperformed due to mega-cap strength, its structure is more suitable for tactical, bullish stances on top holdings rather than core portfolios.

Seeking Alpha • Nov 18, 2025