Markets

Altria Results Put Consumer Staples ETFs in Focus

Exchange traded funds (ETFs) for the consumer-staples sector could see elevated volume Wednesday after quarterly results from Altria Group ( MO ).

Altria said earnings climbed 15% even though cigarette sales continued to decline, the Associated Press reported. Altria shares traded lower before Wednesday's opening bell.

The stock is a top holding in Consumer Staples Select Sector SPDR Fund (NYSEArca: VDC).

Consumer staples are seen as a defensive sector, but a strategist this week said he instead favors healthcare stocks, since consumer companies are seeing input prices rise.

Vanguard Consumer Staples ETF is up 5.6% so far in 2011.

Consumer Staples Select Sector SPDR Fund

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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