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Walgreen, CVS Post Same-store Sales Declines: Keep Eye on Retail HOLDRS RTH

By Market News Video Staff, Wednesday, November 3, 11:40 AM ET
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Walgreen (NYSE:WAG) posted a 1.3% decline in same-store sales today, more than double the decline that analysts expected.

Rival CVS Caremark (NYSE:CVS) posted a decline in same-store sales today as well, on earnings that were just ahead of expectations.

Both stocks are in the Retail HOLDRS (AMEX:RTH), trading down 0.4% Wednesday, with Walgreen in the top five at 6.45% of the portfolio, and CVS with 4.3% of the total.

Both are also in many consumer staples funds, including the First Trust Consumer Staples AlphaDEX Fund (AMEX:FXG), with CVS in the top five, at 4.55% of the total holdings, and Walgreen making up 2.91% of the fund. That fund is flat today.


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This Article's Word Cloud:   AMEX   AlphaDEX   Average   Both   Caremark   Consumer   Definition   Definitions   Earnings   Jones   Market   NYSE   Price   Relevant   Retail   Rival   Share   Staples   Stock   That   Trust   Walgreen   Wednesday   also   analysts   decline   double   down   earnings   expectations   expected   five   flat   fund   funds   holdings   making   many   portfolio   posted   sales   same   staples   stocks   store   that   today   total   trading   with
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