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Zacks News
Amazon Q3 Earnings Triple YoY: ETFs to Tap
by Sweta Killa
Amazon (AMZN) reported robust third-quarter results, wherein it beat both earnings and revenue estimates. Amazon's cloud computing platform, a record-high Prime Day and a rapidly growing ad sales business drove the results.
Consumer Spending Boosts U.S. Q3 GDP: ETFs to Buy
by Sanghamitra Saha
The United States witnessed a substantial economic growth in the third quarter of 2023, with the real gross domestic product growing at an annual rate of 4.9%, beating the economists' expectations of 4.7%.
ETF & Stock Treats for This Halloween
by Sanghamitra Saha
Per NRF, participation in Halloween-related activities will bounce back to pre-pandemic levels, with 73% of consumers planning to celebrate the holiday this year, up from 69% in 2022 and 68% in 2019.
Should You Buy Amazon ETFs Ahead of Q3 Earnings?
by Sweta Killa
Amazon has lost 0.5% over the past three months and underperformed the industry, with an average decline of 7%. The underperformance might reverse if the online behemoth comes up with an earnings beat.
ETFs in Focus as Student Debt Curbs Consumer Spending
by Yashwardhan Jain
With 44 million borrowers collectively owing about $1.7 trillion in student debt, the resumption of repayment is set to curb discretionary spending by debt-burdened consumers. With Retail ETFs set to take a beating, look into other ETF areas that might be affected.
Walmart Hovers Around an All-Time High: Can ETFs Soar Higher?
by Sanghamitra Saha
America's largest retailer, Walmart (WMT), is garnering Wall Street's attention with its impressive stock performance.
Amazon Records Longest Monthly Winning Streak: ETFs to Tap
by Sweta Killa
Amazon pulled in about $423.7 billion in market cap since the beginning of its longest monthly winning streak since July 2011. History suggests that the outperformance could continue in September.
Amazon ETFs in Focus After Longest Monthly Winning Streak Since 2011
by Sanghamitra Saha
Amazon has recorded six successive months of stock price gains, marking its lengthiest run of monthly growth since July 2011, as quoted on Yahoo Finance. Can the stock and its ETFs soar higher?
String of Q2 Earnings Beat Fails to Lift Retail ETFs
by Sweta Killa
Total earnings from 96.3% of the sector's total market capitalization reported so far are up 23.9% on 5.5% higher revenues, with 78.6% beating EPS estimates and 57.1% beating revenue estimates.
ETFs to Bet on as Walmart Beats Q2 Earnings Estimates
by Sweta Killa
Walmart (WMT) reported robust second-quarter fiscal 2024 results, wherein it surpassed both earnings and revenue estimates and raised its outlook for the full year.