Walmart Earnings Beat Lifts Leveraged Retail ETF
This article was originally published on ETFTrends.com.
Strong consumer spending during the fourth quarter, particularly the holidays, helped Walmart Inc to report better-than-expected earnings to end 2018. Shares of Walmart went up 4 percent, while the news also lifted the Direxion Daily Retail Bull 3X ETF (NYSEArca: RETL) almost 2 percent on Tuesday. RETL seeks daily investment results equal to 300% of the [...]