ETF Trends
ETF Trends

Consumer staples exchange traded funds followed the market higher Tuesday and received a lift from Dean Foods (NYSE: DF), which rallied over 10% after the dairy company raised its full-year outlook.

“This could be the first quarter that Dean has exceeded EPS expectations in close to two years,” Deutsche Bank analysts said in a note.

“While the stock may react positively we note the already strong stock recovery has resulted in a premium valuation by most measures and fluid milk volume remains surprisingly weak,” they said.

Dean Foods represents 4% of First Trust Consumer Staples AlphaDEX Fund (NYSEArca: FXG) and 2.4% of Rydex S&P Equal Weight Consumer Staples (NYSEArca: RHS).

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