ETF Trends
04-10-2008, 03:30 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/10/shopping.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/shopping.jpg) The retail sales picture didn't change much last month, but exchange traded fund (ETF) investors don't appear to be so discouraged.
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[URL="http://etftrends.typepad.com/photos/uncategorized/2008/04/10/chart_2.jpg"] (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/chart.jpg)http://www.etftrends.com/images/2008/04/10/chart_3.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/chart_3.jpg)Despite retailers reporting the weakest March sales in 13 years, retail ETFs were up more than 2% midday. The usual suspects contributed to slow sales: slumping economy and high food and energy prices, reports Anne D'Innocenzio for the Associated Press (http://biz.yahoo.com/ap/080410/retail_sales.html).
As evidence that consumers were sticking to the necessities and looking for bargains - Wal-Mart (WMT (http://finance.yahoo.com/q?s=wmt)) and Costco (COST (http://finance.yahoo.com/q?s=cost)) were the strongest performers.
Sales dropped by 0.5%, instead of the estimated 1% growth.
Retail ETFs have been moving higher today:
SPDR S&P Retail (XRT (http://finance.yahoo.com/q/hl?s=XRT))
Retail HOLDRs (RTH (http://finance.yahoo.com/q/hl?s=RTh)): Wal-Mart is 18.3%; Costco is 5.9%
Consumer Discretionary SPDR (XLY (http://finance.yahoo.com/q/hl?s=Xly))For full disclosure, some of Tom Lydon's clients own RTH.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/267862237/the-retail-sale.html)
http://www.etftrends.com/images/2008/04/10/shopping.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/shopping.jpg) The retail sales picture didn't change much last month, but exchange traded fund (ETF) investors don't appear to be so discouraged.
[/URL]
[URL="http://etftrends.typepad.com/photos/uncategorized/2008/04/10/chart_2.jpg"] (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/chart.jpg)http://www.etftrends.com/images/2008/04/10/chart_3.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/chart_3.jpg)Despite retailers reporting the weakest March sales in 13 years, retail ETFs were up more than 2% midday. The usual suspects contributed to slow sales: slumping economy and high food and energy prices, reports Anne D'Innocenzio for the Associated Press (http://biz.yahoo.com/ap/080410/retail_sales.html).
As evidence that consumers were sticking to the necessities and looking for bargains - Wal-Mart (WMT (http://finance.yahoo.com/q?s=wmt)) and Costco (COST (http://finance.yahoo.com/q?s=cost)) were the strongest performers.
Sales dropped by 0.5%, instead of the estimated 1% growth.
Retail ETFs have been moving higher today:
SPDR S&P Retail (XRT (http://finance.yahoo.com/q/hl?s=XRT))
Retail HOLDRs (RTH (http://finance.yahoo.com/q/hl?s=RTh)): Wal-Mart is 18.3%; Costco is 5.9%
Consumer Discretionary SPDR (XLY (http://finance.yahoo.com/q/hl?s=Xly))For full disclosure, some of Tom Lydon's clients own RTH.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/267862237/the-retail-sale.html)