Trading Today's Positive Retail News (DG, EXPR, WAG, RTH, XRT, SCC)

Loading...
Loading...
With Dollar General Corporation
DG
, Express, Inc.
EXPR
and Walgreen Company
WAG
reporting higher quarterly profits this morning investors may want to take a closer look at the retail sector. Not only did Dollar General Corporation and Express, Inc. see their profits rise, they also beat Wall Street's consensus earnings estimates. It was also reported today by
MarketWatch
that chain-store sales for the week that ended on March 19th were up 3% over the year-ago period. Although Walgreen Company failed to impress Wall Street with its earnings report and its stock was down 7% shortly after the market opened, Dollar General Corporation shares were up 3.2% and Express, Inc shares were up 3.7%. There are several options for investors who want to get in on the retail sector action but would rather invest in a broad range of stocks, as opposed to a few individual companies. The Retail HOLDRs
RTH
and the SPDR S&P Retail
ETFXRT
are two choices for investors who want exposure to a wide range of retail stocks and see today's news as a positive omen for the retail sector. Investors who think that the economic recovery that has seen corporate profits rise may be short lived because it hasn't had as great an impact on the fortunes of consumers might want to take a look at the ProShares UltraShort Consumer Services
SCC
.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsLong IdeasNewsSector ETFsShort IdeasSpecialty ETFsEcon #sMoversTrading IdeasETFs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...