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Steve Madden SHOO Profits Jump Disappoints on Margins--Shoe-Heaviest ETFs: XLYS, IJT

By Market News Video Staff, Tuesday, November 2, 1:21 PM ET
Now Playing: The Importance of ETFs


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Shoemaker Steve Madden (NASDAQ:SHOO) posted a 29% increase in profits today, beating analyst estimates.

The stock is trading lower by 3.6% today, on narrower margins.

Fellow footwear designer Crocs (NASDAQ:CROX) is trading lower today, as well, while Skechers (NYSE:SKX) trades higher.

All three are in several ETFs together, including the S&P SmallCap Consumer Discretionary Portfolio (XLYS), making up about 4% of the total fund, which is trading up 1.3% Tuesday.

The three shoemakers together make up just over 1% of the iShares S&P SmallCap 600 Growth Index Fund (AMEX:IJT).

Find the right mix of model portfolios today at PortfolioChannel.com


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This Article's Word Cloud:   AMEX   CROX   Consumer   Crocs   Definition   Discretionary   ETFs   Exchange   Fellow   Fund   Growth   Importance   Market   Nasdaq   Portfolio   Shoemaker   Skechers   SmallCap   Steve   Tuesday   XLYS   about   analyst   beating   estimates   footwear   fund   higher   iShares   including   increase   just   lower   make   making   margins   narrower   over   posted   profits   several   shoemakers   stock   three   today   together   trades   trading   which   while
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