Retail exchange traded funds were among the top-performing sector ETFs on Tuesday with a nearly 1% gain with assistance from AutoZone (NYSE: AZO) and DSW (NYSE: DSW).

AutoZone shares rallied 6% after the company reported higher quarterly profit. The solid results “should allay fears that higher gas prices and difficult comparisons will derail this business,” Deutsche Bank analysts said in a report. “Overall we’d characterize the quarter as mixed and would expect a muted reaction, although the good comp is certainly positive for the industry.”

Separately, shoe retailer DSW jumped about 17% after the company’s first-quarter earnings topped expectations. “With an expansive assortment of high-end footwear brands at competitive prices, DSW has carved out an intriguing niche between the department store and discount retail channels,” Morningstar analyst Jeremy Cohen wrote in a recent profile of the company. “DSW remains one of the top growth stories in footwear retailing.”

AutoZone and DSW are minor components in SPDR S&P Retail ETF (NYSEArca: XRT). The ETF was up nearly 1% on Tuesday.


The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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