DVND Volume Surges as Microsoft, Apple, Alphabet Earnings Loom

Touchstone Dividend Select ETF (DVND) has seen unusual trading volume, which is 27× higher than its average daily volume.

Among DVND’s largest holdings, Microsoft, Apple, Alphabet, Texas Instruments, KLA, and Chevron are all in focus as investors brace for a major wave of tech earnings and deal activity. Microsoft and Alphabet are set to report results with markets watching Azure and Google Cloud growth, AI-driven margins, and Microsoft’s revamped OpenAI partnership, while Apple heads into its own earnings with expectations of an EPS beat and strong iPhone 17 demand despite concerns over AI strategy and memory costs. In semiconductors, KLA has drawn fresh Buy ratings and higher price targets from analysts, and Texas Instruments shares have responded to a stronger-than-expected Q1 and upbeat guidance even as insiders take profits, while Chevron is reportedly close to selling its stake in a major Singapore refinery as part of a broader plan to cut costs and redeploy capital into higher-return projects.