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Reports on McDonald's and Disney Help the Consumer Discretionary SPDR ETF
By Market News Video Staff, Friday, October 22, 11:10 AM ET
Analyst notes on both McDonald's (NYSE:MCD) and Disney (NYSE:DIS) are helping the Consumer Discretionary SPDR ETF (AMEX:XLY) this morning. Morgan Stanley commented that Disney could see earnings growth as high as 20% year-over-year and prompted the firm to increase its price target to $43 per share. And UBS increased its price target and EPS estimates on shares of McDonald's as sales growth is on pace to increase further. The firm set a new price target of $86 per share while maintaining its buy rating.
Disney and McDonald's are the top two holdings in the Consumer Discretionary SPDR ETF, accounting for more than 13% of the total portfolio. Rounding out the top five holdings are shares of Amazon.com (NASDAQ:AMZN), Comcast (NASDAQ:CMCSA) and the Home Depot (NYSE:HD). For a full list of this ETF's holdings, please visit the XLY Holdings page.
This Article's Word Cloud:AMEXAMZNAmazonAnalystComcastConsumerDiscretionaryDisneyHoldingsHomeMcDonaldMorganNASDAQNYSERoundingSPDRStanleycommentedcouldearningsestimatesfirmfivefullfurthergrowthhelpinghighholdingsincreaseincreasedmaintainingmorenotesoverpacepagepleasepriceratingsalessharesharestargetthanthatthisvisitwhileyear
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