Food producer J.M. Smucker (NYSE:SJM) posted analyst-beating fiscal second quarter profits today, and hiked its earnings forecast. Adjusted earnings of $1.38 beat Wall Street estimates, on flat revenue of $1.28 billion. The company hiked its full-year earning outlook by $0.05 to $4.55 to $4.65 per share.
Investors were looking for more, however, as J.M. Smucker shares are trading lower by more than 3% on Thursday.
According to the ETF Finder, the stock is a 3.02% holding of the First Trust Consumer Staples AlphaDEX Fund (AMEX:FXG). Other top holdings include Herbalife (NYSE:HLF), at 5.28% of the portfolio, Bunge Limited (NYSE:BG), at 4.81%, and Alberto-Culver Company (AVC), at 4.71% of the fund.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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