Will Retail Shoppers Prove Analysts Wrong On The Retail ETF?

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October 22, 2009 11:47am ETF BASIC NEWS NYSE:XRT

shopping“Despite a weak economy and a growing fear that consumer spending remains slow, the retail sector is proving to be an impressive hot spot within the market


. Since tagging a bottom in March, the S&P Retail SPDR (XRT) has more than doubled in value as it trades above its 80-week and 160-week trendlines. What’s more, the XRT crossed above the 61.8% Fibonacci retracement of its June 2007 peak and its November 2008 low. This level is at 34, which coincidentally posed a major challenge for the XRT from February-September 2008,” Jocelynn Drake Reports From Schaeffers Research.

“Analysts have largely shrugged off the strength in the retail sector and remain resolutely pessimistic toward the group. In fact, only 42% of the 951 analyst rankings on retail stocks are “buys,” according to Zacks, leaving plenty of room for potential upgrades,” Drake Reports.

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Here’s a look at the Retail ETF below:

The investment (XRT) seeks to replicate as closely as possible, before expenses, the performance of an index derived from the oil and retail segment of a U.S. total market composite index. The fund uses a passive management strategy to track the total return performance of the S&P Retail Select Industry index. The index represents the retail sub-industry of the S&P Total Market index. As of September 30, 2007, the Retail index was comprised of 60 stocks. It is an equal weighted market cap index. The fund is nondiversified.

TOP 10 HOLDINGS (XRT) ( 19.76% OF TOTAL ASSETS)  
 
Company Symbol % Assets
Expedia, Inc. (EXPE) 1.99
GUESS INC. (GES) 1.92
J CREW GROUP INC. (JCG) 1.93
THE MENS WEARHOUS (MW) 1.91
NORDSTROM INC (JWN) 1.97
OFFICEMAX INC. (OMX) 2.17
priceline.com Incorporated (PCLN) 1.94
TIFFANY AND CO (TIF) 1.94
Urban Outfitters, Inc. (URBN) 1.92
Whole Foods Market, Inc. (WFMI) 2.07

Chart for SPDR S&P Retail (XRT)

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