Sunday, October 1, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Spending & Saving

2 ETFs That May Benefit From Increased July 4 Spending

MtR by MtR
July 4, 2022
in Spending & Saving
0
2 ETFs That May Benefit From Increased July 4 Spending


Amid soaring inflation and rising market uncertainty, Americans are taking a breather to enjoy the long July 4 weekend.

Around 84% of Americans plan to celebrate Independence Day by spending on average $84.12 per person on food, according to the National Retail Federation (NRF). About a quarter of those will purchase additional patriotic items like flags and fireworks. And families across the US are estimated to spend a whopping $2.3 billion on fireworks for this year’s celebrations.

In addition, the American Automobile Association (AAA) estimates nearly 48 million people will travel during the holiday weekend. Therefore, shares of transportation, restaurants, lodging, and retail companies come into focus in July.

Although skyrocketed prices have dampened the spirit of celebrations, shopping, and traveling, many Americans still keep Independence Day traditions alive this July.

That said, here are two exchange-traded funds (ETFs) that could appeal to readers looking to benefit from Fourth of July consumer trends.

1. Consumer Discretionary Select Sector SPDR Fund

  • Current Price: $140.01
  • 52-week range: $133.04 – $215.06
  • Dividend yield: 0.83% per year
  • Expense ratio: 0.10% per year

First up on our list is the Consumer Discretionary Select Sector SPDR® Fund (NYSE:), which invests in US large-cap consumer-discretionary stocks from the Index. The fund was first listed in December 1998.

XLY Weekly

XLY, which tracks the market-cap weighted Index, has 58 stocks.

In terms of sectoral allocations, we see internet & direct marketing retail (23.8%), specialty retail (21.3%), automobiles (20.9%), hotels, restaurants & leisure (17.6%), and textiles apparel & luxury goods (5.2%).

The top 10 holdings account for close to a quarter of $14 billion in net assets. In other words, the portfolio is highly concentrated.

Leading names include Amazon (NASDAQ:), Tesla (NASDAQ:), Home Depot (NYSE:), McDonald’s (NYSE:), Nike (NYSE:), Lowe’s (NYSE:), and Starbucks (NASDAQ:).

XLY saw a record high in November 2021. However, it has lost 31.5% since January and 22% over the past 12 months. It also hit a multi-year low on June 16.

Trailing price-to-earnings (P/E) and price-to-book (P/B) ratios stand at 22.01x and 5.32x. Readers who expect that the decline in these large-cap names will soon come to an end could consider buying XLY around these levels.

2. Invesco Dynamic Food & Beverage ETF

  • Current Price: $44.39
  • 52-week range: $40.29 – $49.46
  • Dividend yield: 0.87% per year
  • Expense ratio: 0.63% per year

For many Americans, July 4 celebrations are not complete without a good barbecue, lots of hotdogs, and beverages. In 2021, the nation spent more than $7.5 billion on hotdogs and sausages in supermarkets, according to the National Hot Dog & Sausage Council (NHDSC). Meanwhile, WalletHub anticipates over $1.4 billion to be spent on beer and wine on the country’s birthday.

Next is the Invesco Dynamic Food & Beverage ETF (NYSE:), which provides concentrated exposure to 30 US stocks in the food & beverage industry. Companies are selected based on five metrics: price momentum, earnings momentum, quality, management action, and value.

PBJ Weekly

The ETF, which tracks the Dynamic Food & Beverage Intellidex Index, was first listed in June 2005. It currently has a basket of 32 holdings. Assets are allocated to companies of all capitalizations, including large-cap stocks (39.7%), mid-caps (24.6%), and small-caps (35.7%).

The top 10 names comprise nearly half of $287.3 million in net assets. Sysco (NYSE:), General Mills (NYSE:), Hershey (NYSE:); Keurig Dr Pepper (NASDAQ:), PepsiCo (NASDAQ:), and Archer-Daniels-Midland (NYSE:) lead the names on the roster.

PBJ is down 1.5% year-to-date (YTD) but has returned 5.8% over the past 12 months. Forward price-to-earnings (P/E) and price-to-book (P/B) ratios stand are 17.07x and 2.80x.

We like many of the defensive names in PBJ and believe it deserves further due diligence. However, potential investors should note the high expense ratio.



Source link

Related articles

Financially Independent Stock Trader Shares Biggest Investing Mistake

Financially Independent Stock Trader Shares Biggest Investing Mistake

October 1, 2023
Saving the World Like a Savarna

Saving the World Like a Savarna

October 1, 2023

Related Posts

Financially Independent Stock Trader Shares Biggest Investing Mistake

Financially Independent Stock Trader Shares Biggest Investing Mistake

by MtR
October 1, 2023
0

"I don't know a single trader who hasn't either blown up an account or had a way-too-significant drawdown on an...

Saving the World Like a Savarna

Saving the World Like a Savarna

by MtR
October 1, 2023
0

Every month, Prof. Ravikant Kisana (aka Buffalo Intellectual) brings you field notes from Savarna culture.In the first few weeks of my...

5 Simple Steps To Choosing Your 401(k) Investments

5 Simple Steps To Choosing Your 401(k) Investments

by MtR
September 30, 2023
0

Mark Humphrey/AP/Shutterstock / Mark Humphrey/AP/ShutterstockIf your employer is offering a 401(k) plan with a company match, chances are you’ll be...

“It’s called saving lives”: German Government Strikes Back At Elon Musk’s Criticism of Migrant Rescue

“It’s called saving lives”: German Government Strikes Back At Elon Musk’s Criticism of Migrant Rescue

by MtR
September 30, 2023
0

Billionaire Elon Musk delved into German politics on Friday by sharing a post that denounced the country’s handling of migrants...

Investors Should Watch This 1 Troubling Trend for Roblox

Investors Should Watch This 1 Troubling Trend for Roblox

by MtR
September 30, 2023
0

Some investors have theories about why Roblox (RBLX 4.06%) stock can go up in value. These are called investment theses. ...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

October 1, 2023
DAVENPORT & Co LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

DAVENPORT & Co LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

October 1, 2023
Updater Services IPO allotment finalised today: GMP, here’s how to check allotment status, other details

Updater Services IPO allotment finalised today: GMP, here’s how to check allotment status, other details

October 1, 2023
Mutual fund nominee deadline extended. Check last date of declaration

Mutual fund nominee deadline extended. Check last date of declaration

October 1, 2023

Recent News

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

October 1, 2023
DAVENPORT & Co LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

DAVENPORT & Co LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

October 1, 2023
Updater Services IPO allotment finalised today: GMP, here’s how to check allotment status, other details

Updater Services IPO allotment finalised today: GMP, here’s how to check allotment status, other details

October 1, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter