Sears (SHLD) Spike Could Move XRT
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S&P Retail Select Industry Index ETF (NYSE: XRT) could see action Tuesday, considering a big move in holding Sears Holding (NYSE: SHLD). Sears announced today that they expect to post a first quarter profit, and was up almost 7% in premarket trading.
With only a .71 weighting, Sears isn't a big holding in XRT, but as a sector play XRT makes a lot of sense. Top holding in XRT are GNC Hldgs Inc (NYSE: GNC), Expedia (NASDAQ: EXPE) , Pricemart (NASDAQ: PSMT), Amazon (NASDAQ: AMZN), and Family Dlr. Stores (NYSE: FDO).
With only a .71 weighting, Sears isn't a big holding in XRT, but as a sector play XRT makes a lot of sense. Top holding in XRT are GNC Hldgs Inc (NYSE: GNC), Expedia (NASDAQ: EXPE) , Pricemart (NASDAQ: PSMT), Amazon (NASDAQ: AMZN), and Family Dlr. Stores (NYSE: FDO).
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