Retail ETFs in Focus Ahead of Big-Box Q2 Earnings

The retail sector is in focus with the earnings releases of big retailers like Wal-Mart (WMT), Home Depot (HD), Lowe’s (LOW) and Target (TGT), as well as store channels like Nordstrom (JWN) and Kohl’s (KSS) coming up. So far, 23 out of 36 retailers on the S&P 500 Index have already reported. Earnings of these companies are up 26.2% from the same period last year on 6.1% higher revenues, with 52.2% beating EPS estimates and 34.8% beating revenue estimates. Overall, the retail sector is expected to report ear ...