Consumer Discretionary (XLY) and Dow (DIA) ETFs Get Mac-Attacked
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Get Alerts MCD Hot Sheet
Price: $101.54 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3.2%
Revenue Growth %: +9.5%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3.2%
Revenue Growth %: +9.5%
Trade MCD Now!
Consumer Discretionary and the Dow are expected to open lower on Tuesday, after shares of large component McDonald's (NYSE: MCD) sold off hard in premarket trading. McDonald's shares were in negative territory Tuesday after reporting weak comparable-store sales numbers for April.
According to a release Tuesday morning, global comps at MCD rose 3.3 percent in April. The number is a slowdown from 6.0 percent of comps growth reported in the same period last year and below the 4-5% growth Wall Street was expecting. The slow down in sales hit McDonald's sales across the globe.
Consumer discretionally ETFs typically own shares of MCD. For example, Consumer Discretionary Select Sector SPDR Profile (NYSE: XLY) keeps 7.17 percent of its holdings in MCD. The Dow 30 ETF, Dow Jones Industrial Average (NYSE: DIA), also have large holdings in MCD (5.62 percent).
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According to a release Tuesday morning, global comps at MCD rose 3.3 percent in April. The number is a slowdown from 6.0 percent of comps growth reported in the same period last year and below the 4-5% growth Wall Street was expecting. The slow down in sales hit McDonald's sales across the globe.
Consumer discretionally ETFs typically own shares of MCD. For example, Consumer Discretionary Select Sector SPDR Profile (NYSE: XLY) keeps 7.17 percent of its holdings in MCD. The Dow 30 ETF, Dow Jones Industrial Average (NYSE: DIA), also have large holdings in MCD (5.62 percent).
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