|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||41.050 - 41.170|
|52 Week Range||35.830 - 45.000|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.70%|
The US Census Bureau, which releases a monthly report on US retail sales, conducts an advance monthly survey of retail trade and food service companies to establish an early estimate of sales for the month. According to the April 16 report, advance estimates of US retail (XRT) and food services for March 2018 were $494.6 billion, an increase of 0.6% from the revised February reading of $491.8 billion.
The University of Michigan final consumer sentiment for March was reported at 101.7, up by 1.7 as compared to the final February reading of 99.7. The consumer sentiment index is a forward indicator, as it considers the expectations that consumers have about the economy. Consumer expectations influence their spending decisions, which in turn have an impact on the aggregate demand in the economy.
U.S.-China trade tension escalates with the latter announcing new tariffs on a host of products. This puts these ETFs in focus.
The latest report from the US Department of Commerce, which was released in December 2017, indicated that the United States is the largest steel importer in the world, and Canada is the largest source of imports of steel and aluminum into the United States. Other countries that are major exporters to the United States are the European Union, South Korea, Mexico, and Brazil.
One of the key reasons for tariffs is to protect domestic industries, jobs, and consumption. Tariffs inflate costs for consumers and protect inefficient domestic companies from global competition. Consumers could be forced to purchase expensive steel from US producers to avoid a 25% tariff, but domestically produced steel could be more expensive than global steel.
The Zacks Analyst Blog Highlights: First Trust NASDAQ, Guggenheim Solar, iShares U.S. Aerospace, Spirited Funds and iShares U.S. Consumer
Is the Lower GDP Estimate for 4Q17 a Sign of Slowdown? The US Bureau of Economic Analysis (or BEA) has released its second 4Q17 GDP estimate, projecting that the US economy increased at an annual rate of 2.5%. This second estimate is lower than the previous estimate of 2.6% from last month and the 3.2% growth seen in 3Q17.
The Conference Board website explains the Consumer Confidence Index (or CCI) as a barometer of the health of the US economy (VOO) from the perspective of the consumer. A survey that compiles consumers’ perceptions of employment and business conditions and their expectations for the next six months is used to construct the index. This monthly survey is conducted by Nielsen, a leading global consumer analytics firm.
The US Census Bureau releases a monthly report on retail sales in the US. According to the notes on the official website, the Census Bureau conducts an advance monthly survey of retail trade and food services companies. According to the December retail sales report, gains were spread across the industries.
Nvidia Corporation (NASDAQ:NVDA) is booming. InvestorPlace’s Laura Hoy recently discussed the three reasons Nvidia stock will continue performing in 2018. In doing so, Hoy mentioned a number that hit home why investors should be excited about Nvidia’s future.