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By Market News Video Staff, Tuesday, March 22, 3:58 PM ET
Thursday is going to be day of retail earnings. Consumer electronics retailer Best Buy (NYSE:BBY) and restaurant operator Darden Restaurants (NYSE:DRI) are both scheduled to release quarterly results.
One ETF to watch is the Rydex S&P Equal Weight Consumer Discretionary ETF (AMEX:RCD), which allocates roughly 3% of its total assets in Best Buy and Darden Restaurants. The Richfield, Minnesota based retailer, Best Buy, has struggled over the last year, as its fallen 22.4% and is currently trading just above its 52 week low of $30.72; Thomson Reuters has estimates of $1.85 EPS and $16.26 billion in revenue for Best Buy. Meanwhile, Darden Restaurants, operator of the Olive Garden, LongHorn Steakhouse and Red Lobster, is expected to report $1.05 EPS and $1.97 billion in revenues.
For a complete list of holdings, visit the RCD Holdings page on ETFChannel.com
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