|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||42.53 - 42.83|
|52 Week Range||35.37 - 45.84|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.11|
|Expense Ratio (net)||0.08%|
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.
The Consumer Discretionary Select Sector SPDR (NYSEArca: XLY), the largest exchange traded fund tracking the consumer discretionary sector, is higher by 7% year-to-date, but some analysts and market observers ...
The U.S. equity market experienced a 10% drawdown in February, breaking into an official correction. If history has anything to say about it, the stock market and related exchange traded funds may enjoy ...
The Consumer Discretionary Select Sector SPDR (NYSEArca: XLY), the largest exchange traded fund tracking the consumer discretionary sector, is higher by about 5% year-to-date and some market observers ...