Strong Wal-Mart Earnings Should Drive Market Vectors Retail ETF (RTH)
Tweet Send to a Friend
Market Vectors Retail ETF (NYSE: RTH) is in focus today following earnings from Wal-Mart Stores (NYSE: WMT). Wal-Mart reported Q1 EPS of $1.09, $0.05 better than the analyst estimate of $1.04. Revenue for the quarter came in at $112.3 billion versus the consensus estimate of $110.5 billion.
Shares of WMT are up 3.5 percent in pre-market trading. WMT has a 10.2 percent weighting in RTH, so the ETF should open higher today.
Another retailer, Target (NYSE: TGT), reported earnings yesterday, but despite a higher open the stock finished flat on the day. TGT has a 4.97 percent weighting in RTH.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Shares of WMT are up 3.5 percent in pre-market trading. WMT has a 10.2 percent weighting in RTH, so the ETF should open higher today.
Another retailer, Target (NYSE: TGT), reported earnings yesterday, but despite a higher open the stock finished flat on the day. TGT has a 4.97 percent weighting in RTH.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Wal-mart (WMT) Posts Q1 EPS of $1.14; U.S. Comps Down 1.4%; Guides Q2 EPS
- Agilent (A) Tops Q2 EPS by 9c, Trims FY13 Outlook; Adds to Buyback, Will Cut Jobs
- UPDATE: Pacific Crest Upgrades Applied Materials (AMAT) to Outperform
Create E-mail Alert Related Categories
ETFsRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
