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The Zacks Analyst Blog Highlights EATZ, PSCD, IBUY, ONLN and XRT
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For Immediate Release
Chicago, IL – December 28, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: AdvisorShares Restaurant ETF (EATZ - Free Report) , Invesco S&P SmallCap Consumer Discretionary ETF (PSCD - Free Report) , Amplify Online Retail ETF (IBUY - Free Report) , ProShares Online Retail ETF (ONLN - Free Report) and SPDR S&P Retail ETF (XRT - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
5 ETFs to Ride High on Strong Holiday Retail Sales
The 2023 holiday shopping season has been strong for retailers, spurred by retail promotions and a rise in online and restaurant spending. According to Mastercard SpendingPulse, U.S. retail sales increased 3.1% between Nov 1 and Dec 24. However, this is lower than the 3.7% growth predicted in September and the 7.6% growth reported last year. Despite early-season promotions, overall spending did not reach projected levels.
Given this, we are presenting five ETFs that are poised to soar on holding shopping sales splurge.
Online spending grew faster than in-store sales and more than double the rate of total retail sales. Online sales jumped 6.3% from the year-ago period, while in-store sales rose a modest 2.2% (read: 4 ETF Areas & Stocks to Win on Upbeat November Retail Sales).
Americans spent more on food, with restaurant spending rising the most (7.8% year over year) among the five categories. This was followed by a rise of 2.4% in apparel and 2.1% in groceries. Sales of electronics and jewelry were down 0.4% and 2%, respectively.
Major retailers like Amazon and Walmart significantly increased their promotions in November to attract bargain hunters. These promotions were not as deep as in the previous year when retailers were dealing with excess stock due to the pandemic.
ETFs to Tap
AdvisorShares Restaurant ETF
AdvisorShares Restaurant ETF is an actively managed and the only ETF investing exclusively in the restaurant and food service industry, including restaurants, bars, pubs, fast food, take-out facilities, food catering services and more. AdvisorShares Restaurant ETF holds 26 securities in its basket with a modest concentration on the top firms.
AdvisorShares Restaurant ETF gathered $2.8 million in its asset base. EATZ charges 1.01% as annual fees and trades in an average daily volume of 1,000 shares.
Invesco S&P SmallCap Consumer Discretionary ETF
Invesco S&P SmallCap Consumer Discretionary ETF targets the small-cap segment of the broad consumer discretionary space by tracking the S&P SmallCap 600 Capped Consumer Discretionary Index. It holds 87 securities in its basket, with specialty retail taking the largest share at 33.1%. Household durables, and hotels, restaurants and leisure account for double-digit exposure each.
Invesco S&P SmallCap Consumer Discretionary ETF has attracted $37.2 million in AUM and charges 30 bps in annual fees. It trades in an average daily volume of about 1,000 shares and has a Zacks ETF Rank #2 (Buy) with a High risk outlook.
Amplify Online Retail ETF
Amplify Online Retail ETF offers global exposure to companies that derive 70% or more revenues from online and virtual retail by tracking the EQM Online Retail Index. IBUY holds 72 stocks in its basket, with the largest allocation in online retail at 39% and online marketplace at 38% (read: 5 Sector ETFs That Beat the Market in Q4).
Amplify Online Retail ETF has attracted $193.2 million in its asset base and charges 65 bps in annual fees. IBUY trades in an average daily volume of 26,000 shares.
ProShares Online Retail ETF
ProShares Online Retail ETF offers exposure to the companies that principally sell online or through other non-store channels and then zeros in on the companies reshaping the retail space. It tracks the ProShares Online Retail Index, holding 19 stocks in its basket.
ProShares Online Retail ETF has accumulated $108.4 million in its asset base and charges 58 bps in annual fees. ONLN trades in an average daily volume of 19,000 shares.
SPDR S&P Retail ETF
SPDR S&P Retail ETF tracks the S&P Retail Select Industry Index, which provides exposure across large, mid- and small-cap retail stocks. It holds 77 well-diversified stocks in its basket, with key holdings in apparel retail, automotive retail and specialty retail.
SPDR S&P Retail ETF is the largest and most popular in the retail space, with AUM of $455.2 million and an average trading volume of 8 million shares. It charges 35 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights EATZ, PSCD, IBUY, ONLN and XRT
For Immediate Release
Chicago, IL – December 28, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: AdvisorShares Restaurant ETF (EATZ - Free Report) , Invesco S&P SmallCap Consumer Discretionary ETF (PSCD - Free Report) , Amplify Online Retail ETF (IBUY - Free Report) , ProShares Online Retail ETF (ONLN - Free Report) and SPDR S&P Retail ETF (XRT - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
5 ETFs to Ride High on Strong Holiday Retail Sales
The 2023 holiday shopping season has been strong for retailers, spurred by retail promotions and a rise in online and restaurant spending. According to Mastercard SpendingPulse, U.S. retail sales increased 3.1% between Nov 1 and Dec 24. However, this is lower than the 3.7% growth predicted in September and the 7.6% growth reported last year. Despite early-season promotions, overall spending did not reach projected levels.
Given this, we are presenting five ETFs that are poised to soar on holding shopping sales splurge.
Online spending grew faster than in-store sales and more than double the rate of total retail sales. Online sales jumped 6.3% from the year-ago period, while in-store sales rose a modest 2.2% (read: 4 ETF Areas & Stocks to Win on Upbeat November Retail Sales).
Americans spent more on food, with restaurant spending rising the most (7.8% year over year) among the five categories. This was followed by a rise of 2.4% in apparel and 2.1% in groceries. Sales of electronics and jewelry were down 0.4% and 2%, respectively.
Major retailers like Amazon and Walmart significantly increased their promotions in November to attract bargain hunters. These promotions were not as deep as in the previous year when retailers were dealing with excess stock due to the pandemic.
ETFs to Tap
AdvisorShares Restaurant ETF
AdvisorShares Restaurant ETF is an actively managed and the only ETF investing exclusively in the restaurant and food service industry, including restaurants, bars, pubs, fast food, take-out facilities, food catering services and more. AdvisorShares Restaurant ETF holds 26 securities in its basket with a modest concentration on the top firms.
AdvisorShares Restaurant ETF gathered $2.8 million in its asset base. EATZ charges 1.01% as annual fees and trades in an average daily volume of 1,000 shares.
Invesco S&P SmallCap Consumer Discretionary ETF
Invesco S&P SmallCap Consumer Discretionary ETF targets the small-cap segment of the broad consumer discretionary space by tracking the S&P SmallCap 600 Capped Consumer Discretionary Index. It holds 87 securities in its basket, with specialty retail taking the largest share at 33.1%. Household durables, and hotels, restaurants and leisure account for double-digit exposure each.
Invesco S&P SmallCap Consumer Discretionary ETF has attracted $37.2 million in AUM and charges 30 bps in annual fees. It trades in an average daily volume of about 1,000 shares and has a Zacks ETF Rank #2 (Buy) with a High risk outlook.
Amplify Online Retail ETF
Amplify Online Retail ETF offers global exposure to companies that derive 70% or more revenues from online and virtual retail by tracking the EQM Online Retail Index. IBUY holds 72 stocks in its basket, with the largest allocation in online retail at 39% and online marketplace at 38% (read: 5 Sector ETFs That Beat the Market in Q4).
Amplify Online Retail ETF has attracted $193.2 million in its asset base and charges 65 bps in annual fees. IBUY trades in an average daily volume of 26,000 shares.
ProShares Online Retail ETF
ProShares Online Retail ETF offers exposure to the companies that principally sell online or through other non-store channels and then zeros in on the companies reshaping the retail space. It tracks the ProShares Online Retail Index, holding 19 stocks in its basket.
ProShares Online Retail ETF has accumulated $108.4 million in its asset base and charges 58 bps in annual fees. ONLN trades in an average daily volume of 19,000 shares.
SPDR S&P Retail ETF
SPDR S&P Retail ETF tracks the S&P Retail Select Industry Index, which provides exposure across large, mid- and small-cap retail stocks. It holds 77 well-diversified stocks in its basket, with key holdings in apparel retail, automotive retail and specialty retail.
SPDR S&P Retail ETF is the largest and most popular in the retail space, with AUM of $455.2 million and an average trading volume of 8 million shares. It charges 35 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
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Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.