Retail ETFs rise as investors focus on April retail sales data, shrug off Walmart earnings

May 17, 2022 10:09 AM ETSPDR S&P Retail ETF (XRT), ONLN, RTH, IBUYWMT, HD, ISHPBy: Jason Capul, SA News Editor7 Comments

Flying shopping cart with shopping bags on a pink background

Andrii Sedykh/iStock via Getty Images

Exchange traded funds related to the retail sector generally saw gains in Tuesday's early trading, as investors focused on better-than-expected monthly retail sales statistics rather than shaky earnings released by industry heavyweight Walmart (WMT).

As the opening bell rang, funds such as the SPDR S&P Retail ETF (NYSEARCA:XRT) gained 1.5%, while the VanEck Retail ETF (NASDAQ:RTH) remained unchanged.

The biggest gains took place in the internet segment, as online retail ETFs saw an early pop. The ProShares Online Retail ETF (NYSEARCA:ONLN) is +4.2%, Amplify Online Retail ETF (NYSEARCA:IBUY) is +4.8%, and the First Trust S-Network E-Commerce ETF (ISHP) is +3.6%.

April retail sales data came in at +0.9% M/M versus the +0.8% expected figure. While up from expectations, sales growth still slowed from the figure of 1.4% seen in March. Retail sales rose 1.7% in February and 2.7% in January.

Shaking up the retail space even further was reports on Walmart (WMT) and Home Depot (HD). WMT slid after a Q1 EPS miss and lowering guidance in the high-expense environment. At the same time HD gained ground on earnings as it characteristically beat earnings and added bullishness to full-year forecasts.

Year-to-date price action: XRT -25.3%, RTH -16.3%, ONLN -43.1%, IBUY -46.3%, and ISHIP -32.9%.

See further retail sales data including year over year figures, as well as additional data on food services, autos, gas stations, and more.

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