Home Depot Weakness Could Rock These ETFs
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Retail, consumer discretionary, and homebuilder ETFs are expected to be on the move today after Home Depot (NYSE: HD) reported revenues that were below consensus ($17.8B vs. $17.93B) and EPS guidance, that while raised, was below the Street. The stock is down 4.5 percent in early trading on Tuesday.
The following ETFs have large holdings of Home Depot.: (NYSE: RTH) - 7.2% weighting, (NYSE: XLY) - 5.6% weighting, (NYSE: XHB) - 3.64% weighting.
Regarding revenues at Home Depot, Oppenheimer analyst commented that "Soft comps reflect elevated expectations, not fundamental weakness."
The following ETFs have large holdings of Home Depot.: (NYSE: RTH) - 7.2% weighting, (NYSE: XLY) - 5.6% weighting, (NYSE: XHB) - 3.64% weighting.
Regarding revenues at Home Depot, Oppenheimer analyst commented that "Soft comps reflect elevated expectations, not fundamental weakness."
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