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Archer Daniels Midland Disappoints, Is Downgraded: ETFs to Watch PAGG, MOO, FXG

By Market News Video Staff, Tuesday, November 2, 1:11 PM ET

Archer Daniels Midland (NYSE:ADM) shares are falling today after it posted fiscal first quarter results that missed analyst expectations. The stock was also downgraded from outperform to neutral by Credit Suisse (NYSE:CS), and is trading down 7% Tuesday.

The stock is the #1 holding of the First Trust Consumer Staples AlphaIndex Fund (AMEX:FXG), comprising 4.98% of the total portfolio. That fund is trading down 0.25% today.

Archer Daniels is the sixth-largest holding in the Agribusiness ETF (AMEX:MOO), making up 4.77% of the fund. It is 3.77% of the Global Agriculture Portfolio (NASDAQ:PAGG).

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This Article's Word Cloud:   AMEX   Agribusiness   Agriculture   AlphaIndex   Archer   Consumer   Credit   Daniels   First   Fund   Global   Midland   NYSE   PAGG   Portfolio   Staples   Suisse   That   Trust   Tuesday   after   also   analyst   comprising   down   downgraded   expectations   falling   first   fiscal   from   fund   holding   largest   making   missed   neutral   outperform   portfolio   posted   quarter   results   shares   sixth   stock   that   today   total   trading
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Archer Daniels Midland Disappoints, Is Downgraded: ETFs to Watch PAGG, MOO, FXG | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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