Retail ETFs Eye JC Penney, Wal-Mart
May 16, 2011 at 09:05 AM EDT
Retail exchange traded funds got a boost Monday from JC Penney (NYSE: JCP), which saw its shares rise 5% after the company reported upbeat quarterly results. Sector bellwether Wal-Mart (NYSE: WMT) will report first-quarter earnings on Tuesday. Analysts are calling for a 1% drop in revenue, compared...