Amazon (AMZN) released earnings today that were higher than analysts had been expecting. They show the online retailer is faring well despite the recession, the Associated Press reports.
An ETF that will most likely be affected by the aforementioned earnings releases is the SPDR S&P Retail (XRT), which is up 32.9% over the last three months and 30.1% year-to-date. NFLX is 2.6% and AMZN is 2.5%.
For full disclosure, some of Tom Lydon’s clients own shares of XRT.
Kevin Grewal contributed to this article.