With midterm elections around the corner, the entire nation is sitting on the edge of their seats, awaiting what some believe will be a major shift in the political balance of power in the halls of Congress. Depending on how elections pan out, stocks could see a number of different reactions, making next Tuesday an important day for politics and markets alike. For now, the tail end of earnings season is still the current market mover, as companies release their most recent fiscal quarter performance, giving insights on how they have stood up in the face of stubbornly low growth this past quarter [see also Closer Look At S&P 500 ETF Options]. Today, before the market open, Procter & Gamble (PG) is set to release their 2011 first quarter earnings report. Founded in 1837, the consumer staples company was recently placed at number six on Fortune’s Most Admired Companies of 2010 [...] Click here to read the original article on ETFdb.com. Related Stories: Tuesday’s ETF To Watch: Consumer Discretionary Fund (XLY) Wednesday’s ETF To Watch: Broker-Dealer Fund (IAI) Will Frugality Weigh On Consumer ETFs?