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ETFs & Stocks for a Green Portfolio on St. Patrick's Day
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St. Patrick’s Day is around the corner and investors across the world are keen on trying their Irish luck for green returns in their stock portfolio. This will lead to an upsurge in investments, which acts as catalysts for the stocks.
Per the National Retail Federation, about 55% of Americans are expected to celebrate St. Patrick's Day this year with average spending of $40.18, up from $39.65 in 2018 and $37.92 in 2017. However, total spending is estimated to decline to $5.61 billion this year from a record $5.92 billion seen last year (read: Consumer ETFs: Bull Market Winners With Room to Run in 2019).
The day, associated with wearing green, food, drinking and home decoration with shamrocks, leprechauns and pots of gold, has become popular among the young people in recent years. About 72% of the spenders aged under 35 years plan to celebrate the Irish festival compared with 50% in 2009.
About 49% of the Americans will be spending on holiday-themed food, 40% on beverages, 29% on apparels, 23% on decoration, 16% on candy, 9% on greeting cards and 6% on gifts. Further, Americans plan to celebrate the holiday in a number of ways with 81% wearing green, 30% planning a special dinner, 27% throwing a party at a bar or a restaurant, 24% decorating their homes or offices in an Irish theme and 16% attending private parties. Additionally, 15% plans to attend a St. Patrick’s Day parade and 10% will host a party.
Given the splurge, it will not come as a surprise if the stock market could Wearin' o' the Green in honor of St. Patrick's Day. In particular, retailers, food and beverage companies and restaurants could see a huge jump in respective stock prices as higher consumer purchase will likely boost revenues. So, raise a toast to the ETFs & stocks in these sectors and try to find some hidden luck this Irish festival.
This product offers exposure to 30 companies engaged in the manufacture, sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies by tracking the Dynamic Food & Beverage Intellidex Index. The fund has amassed $69 million in its asset base while trading in average daily volume of 9,000 shares. It charges 63 bps in annual fees from investors and has a Zacks ETF Rank #4 (Sell) with a Medium risk outlook (read: January Retail Sales Strong Despite Shutdown: ETF & Stock Bets).
This product targets the retail segment of the broad U.S. market. It tracks the S&P Retail Select Industry Index, holding 94 securities in its basket. The fund has amassed $327.9 million in its asset base and charges 35 bps in annual fees. Volume is extremely solid, exchanging nearly 6.8 million shares in hand a day on average. The fund has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
This ETF offers global exposure to companies that derive 70% or more revenues from online and virtual retail by tracking the EQM Online Retail Index. It is a home to 40 stocks and has accumulated $282.6 million in its asset base. The product charges 65 bps in fees per year and trades in a moderate volume of 127,000 shares a day on average (read: Internet ETFs & Stocks Top Bull Market: Will the Rally Continue?).
St. Patrick's Day is the fourth largest drinking day in the United States after New Year's Eve, Christmas and Fourth of July with Guinness being the most popular brand. Some of the other popular drinks include Irish stout and Irish ale. Guinness is one of the Diageo’s brands and it will find its pot of gold as about 13 million pints are likely to be consumed on St. Patrick’s Day. This is nearly four times the consumption on a normal day. Diageo has a Zacks Rank #2 (Buy) and a VGM Score of C. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
St. Patrick's Day leads to pots of gold for bars and restaurants. While most restaurant stocks will get a boost on the day, McDonald's could be an excellent pick. It is the world's leading global food service retailer and will offer Shamrock Shake until Mar 24 on the occasion of Irish festival. It has a Zacks Rank of 3.
In the United States, St. Patrick's Day is associated with the consumption of corned beef though it is not an Irish national dish. Corned beef is used as a substitute for bacon by Irish-American immigrants and many companies produce this product in various forms. One such entity is Hormel Foods, which markets corned beef through the brand name, Hormel Mary Kitchen hash. It also offers several recipes to prepare a wide range of corned beef at home. The stock is a Zacks #3 Ranked player.
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ETFs & Stocks for a Green Portfolio on St. Patrick's Day
St. Patrick’s Day is around the corner and investors across the world are keen on trying their Irish luck for green returns in their stock portfolio. This will lead to an upsurge in investments, which acts as catalysts for the stocks.
Per the National Retail Federation, about 55% of Americans are expected to celebrate St. Patrick's Day this year with average spending of $40.18, up from $39.65 in 2018 and $37.92 in 2017. However, total spending is estimated to decline to $5.61 billion this year from a record $5.92 billion seen last year (read: Consumer ETFs: Bull Market Winners With Room to Run in 2019).
The day, associated with wearing green, food, drinking and home decoration with shamrocks, leprechauns and pots of gold, has become popular among the young people in recent years. About 72% of the spenders aged under 35 years plan to celebrate the Irish festival compared with 50% in 2009.
About 49% of the Americans will be spending on holiday-themed food, 40% on beverages, 29% on apparels, 23% on decoration, 16% on candy, 9% on greeting cards and 6% on gifts. Further, Americans plan to celebrate the holiday in a number of ways with 81% wearing green, 30% planning a special dinner, 27% throwing a party at a bar or a restaurant, 24% decorating their homes or offices in an Irish theme and 16% attending private parties. Additionally, 15% plans to attend a St. Patrick’s Day parade and 10% will host a party.
Given the splurge, it will not come as a surprise if the stock market could Wearin' o' the Green in honor of St. Patrick's Day. In particular, retailers, food and beverage companies and restaurants could see a huge jump in respective stock prices as higher consumer purchase will likely boost revenues. So, raise a toast to the ETFs & stocks in these sectors and try to find some hidden luck this Irish festival.
Invesco Dynamic Food & Beverage ETF (PBJ - Free Report)
This product offers exposure to 30 companies engaged in the manufacture, sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies by tracking the Dynamic Food & Beverage Intellidex Index. The fund has amassed $69 million in its asset base while trading in average daily volume of 9,000 shares. It charges 63 bps in annual fees from investors and has a Zacks ETF Rank #4 (Sell) with a Medium risk outlook (read: January Retail Sales Strong Despite Shutdown: ETF & Stock Bets).
SPDR S&P Retail ETF (XRT - Free Report)
This product targets the retail segment of the broad U.S. market. It tracks the S&P Retail Select Industry Index, holding 94 securities in its basket. The fund has amassed $327.9 million in its asset base and charges 35 bps in annual fees. Volume is extremely solid, exchanging nearly 6.8 million shares in hand a day on average. The fund has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Amplify Online Retail ETF (IBUY - Free Report)
This ETF offers global exposure to companies that derive 70% or more revenues from online and virtual retail by tracking the EQM Online Retail Index. It is a home to 40 stocks and has accumulated $282.6 million in its asset base. The product charges 65 bps in fees per year and trades in a moderate volume of 127,000 shares a day on average (read: Internet ETFs & Stocks Top Bull Market: Will the Rally Continue?).
Diageo Plc (DEO - Free Report)
St. Patrick's Day is the fourth largest drinking day in the United States after New Year's Eve, Christmas and Fourth of July with Guinness being the most popular brand. Some of the other popular drinks include Irish stout and Irish ale. Guinness is one of the Diageo’s brands and it will find its pot of gold as about 13 million pints are likely to be consumed on St. Patrick’s Day. This is nearly four times the consumption on a normal day. Diageo has a Zacks Rank #2 (Buy) and a VGM Score of C. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
McDonald's Corporation (MCD - Free Report)
St. Patrick's Day leads to pots of gold for bars and restaurants. While most restaurant stocks will get a boost on the day, McDonald's could be an excellent pick. It is the world's leading global food service retailer and will offer Shamrock Shake until Mar 24 on the occasion of Irish festival. It has a Zacks Rank of 3.
Hormel Foods Corporation (HRL - Free Report)
In the United States, St. Patrick's Day is associated with the consumption of corned beef though it is not an Irish national dish. Corned beef is used as a substitute for bacon by Irish-American immigrants and many companies produce this product in various forms. One such entity is Hormel Foods, which markets corned beef through the brand name, Hormel Mary Kitchen hash. It also offers several recipes to prepare a wide range of corned beef at home. The stock is a Zacks #3 Ranked player.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>