Home Depot is one of just eight members of the Dow Jones Industrial Average up at least 5% year-to-date. Rival Lowe’s (NYSE: LOW) is higher by 7.7%. The stocks combine for nearly 13.4% of RTH’s weight. [Home Depot Helps These ETFs]
Home improvement retailers “will likely experience mid-single digit revenue growth in the next fiscal year according to S&P Capital IQ Equity Analyst Efraim Levy, driven by new store additions and the benefits of a recovery in the housing market and improving consumer confidence,” according to S&P Capital IQ.
The research firm has a marketweight rating on RTH, which was last year’s best-performing consumer discretionary ETF.
SPDR S&P Retail ETF
