|Bid||39.86 x 1000|
|Ask||45.77 x 1400|
|Day's Range||45.62 - 45.88|
|52 Week Range||35.37 - 46.12|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.15|
|Expense Ratio (net)||0.08%|
Consumer discretionary stocks and exchange-traded funds (ETFs) have been among the most closely watched area of the market this year. That's because consumer spending, and the health of the economy broadly, are up in the air.Consider the words of Brad Sorenson, Charles Schwab's managing director of market and sector analysis: "The outlook for American consumer spending appears to us to be solid, with consumer confidence still strong, a tight labor market and wages trending higher. However, spending on traditional retail items has been cautious and competition among retailers may limit profitability, while recent softening in auto sales and housing is worth paying attention to."To wit, consumer spending in January (reporting was delayed because of the government shutdown) recovered less than expected, sparking worries among economists. But investors have been undeterred. Consumer discretionary stocks are the second-best performing sector on Wall Street this year (+18.6%), lagging only technology (+23.4%).Here are 10 of the best consumer discretionary ETFs to buy if you're still optimistic about the American economy and consumer, and want to strike while the iron remains hot. These funds hold dozens if not hundreds of consumer stocks, allowing you to defray risk while investing in various slices of this consumer sector. SEE ALSO: The 19 Best ETFs for a Prosperous 2019
Though the last quarter of 2018 was the worst in a decade for Amazon, it still has plenty to offer for investors, putting related ETFs in focus.
Strong domestic macroeconomic indicators may point to a jolly holiday shopping season and a favorable outlook for consumer sector-specific ETFs. Last year was the best holiday shopping season in three years for companies, and Matthew Boss, J.P. Morgan's equity research analyst focusing on retailing, argued that the strengthening U.S. consumer as the year progressed could bode well for sales this year as well. Boss warned that company-specific and industry-wide volatility could continue.
As the buying bonanza typical of the holiday shopping season approaches, the strong consumer confidence in the U.S. economy could help bolster consumer sector-related ETFs. According to the Conference ...
Despite the worries over Trump’s protectionist trade policy, Americans continue to be optimistic as evident from 18-year high consumer confidence in August. The Consumer Confidence Index, by the Conference Board, jumped to 133.4 – the highest level since October 2000 – from the revised 127.9 in July and is much above the expected 126.6.
The Consumer Discretionary Select Sector SPDR (XLY) , the largest exchange traded fund tracking the consumer discretionary, and rival consumer cyclical funds are delivering for investors this year. Cap-weighted consumer discretionary ETFs, such as XLY, usually feature massive weights to Amazon.com Inc. (AMZN). XLY devotes almost 23% of its weight to Amazon, or more than triple the weight the ETF assigns to its second-largest holding.
Traditional cap-weighted consumer discretionary exchange traded funds, such as the Consumer Discretionary Select Sector SPDR (XLY) , are usually dominated by shares of Amazon.com (AMZN). For example, XLY, the the largest exchange traded fund tracking the consumer discretionary sector, devotes almost 22% of its weight to Amazon, or more than triple the weight the ETF assigns to its second-largest holding. In other words, Amazon's price action is a big deal for many consumer discretionary ETFs.