|Bid||44.50 x 1100|
|Ask||49.00 x 800|
|Day's Range||43.60 - 44.84|
|52 Week Range||36.54 - 54.55|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.65%|
Walmart Inc. , including the namesake retailer, Sam's Club and Jet.com, will overtake Apple Inc. to take the number three spot on the ranking of the world's largest e-commerce retailers, according to eMarketer data. In 2017 Apple had 3.8% of sales share, ahead of Walmart's 3.3% of share. For 2018, Walmart is poised to claim 4.0%, swapping places with Apple, which will have 3.9% of share. The top two e-commerce retailers for 2018 will be Amazon.com Inc. with 48% and eBay Inc. with 7.2%. "Importantly, Walmart has one of the fastest growing e-commerce businesses," eMarketer wrote, with 39.4% online sales while Apple's e-commerce growth will be a little more than 18%. Walmart's third-quarter e-commerce sales grew 43%, the company announced on Thursday. Walmart shares have gained nearly 3% for the year to date, Apple stock is up 10.4%, the Amplify Online Retail ETF has rallied 7.7%, and the Dow Jones Industrial Average is up 1.5% for the period.
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.
TripAdvisor’s (TRIP) third-quarter adjusted EBITDA increased to $146 million from $95 million in the third quarter of 2017, which was ~54% YoY (year-over-year) growth. The adjusted EBITDA margin increased by ten percentage points to 32% from 22% in the third quarter of 2017.
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TripAdvisor (TRIP) reported mixed third-quarter results. The bottom line beat analysts’ estimates, while the top line missed the estimates. However, the company marked a YoY (year-over-year) improvement in the bottom and top line.
A quarter of all sales on Election Day (25.1%) took place on smartphones, according to data provided by Adobe, up 28.3% from smartphone sales activity last year. In total $1.48 billion was spent online, up 13.2% year-over-year. While that's in line with growth over the first few days of November, the numbers indicate that while voters waited in line to cast their votes, they did a little shopping, Adobe told MarketWatch. "Shoppers increasingly made purchases via mobile devices on Election Day, driving 51.6% of visits and 32.6% of revenue," the report said. "Smartphones led the way for mobile at 44.3% of visits and 25.1% of revenue." Adobe expects U.S. online sales to increase 14.8% to $124.1 billion for the holiday season, from Nov. 1 to Dec. 31. The Amplify Online Retail ETF has rallied 12.7% for the year to date while the SPDR S&P Retail ETF is up 7.3% for the period, and the S&P 500 index is up 4.4%.
Investors looking to profit from holiday shopping trends should look beyond traditional brick-and-mortar retailers as data suggest another brisk holiday season for online retailers. “Based on Adobe Analytics data, Adobe predicts that U.S. online sales will increase 14.8 percent, totaling $124.1 billion, while offline retail spending is expected to increase a modest 2.7 percent,” according to Adobe. A growing number of exchange-traded funds (ETFs) reflect the changing retail landscape, potentially positioning investors for a profitable holiday season.
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 ...
Global X, the sponsor of scores of industry exchange traded funds, is looking to add its roster with an ETF dedicated to e-commerce. New York-based Global X recently filed plans with the Securities and ...
Moody's said Thursday that it has turned positive on the U.S. retail industry for the first time since July 2015, with the strong economy giving 2018 a boost and acceleration expected in 2019. "After a tough run, U.S. retail is starting to reap the rewards of investments in e-commerce and operating efficiencies," analysts wrote in a note. In addition, analysts credit the store rationalization process, which has streamlined many businesses, and improved inventory management. Moody's raised its operating income growth expectations to between 4% and 5% from 3.5% to 4.5%. Sales growth is now expected to be 4.5% to 5.5%, up from 3.5% to 4.5%. The Amplify Online Retail ETF has rallied nearly 17% for the past year, the SPDR S&P Retail ETF has gained 14.1% for the period and the S&P 500 index is up 5% for the last 12 months.
The latest data from the Commerce Department revealed that September saw a mild rise in retail sales, edging higher by 0.1%--a 0.6% rise was forecasted by a Reuters poll of economists, but with holiday season looming, is the Direxion Daily Retail Bull 3X ETF (RETL) in play? The biggest retail ETFs based on total assets have struggled the past month-- SPDR S&P Retail ETF (XRT) , Amplify Online Retail ETF (IBUY) and VanEck Vectors Retail ETF (RTH) . Retailers like Target are raising its seasonal hires by 20%, while online retailers like Amazon expect to employ 100,000 workers.
September saw a mild rise in retail sales, edging higher by 0.1% based on the latest data released by the Commerce Department--a 0.6% rise was forecasted by a Reuters poll of economists. The biggest retail ETFs based on total assets were down-- SPDR S&P Retail ETF (XRT) --down 0.13%, Amplify Online Retail ETF (IBUY) --down 2.3% and VanEck Vectors Retail ETF (RTH) --down 0.67% as of 11:15 a.m. ET. "The net result still appears to be a fairly strong quarter for consumer spending growth," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics in White Plains, New York. The SPDR® S&P® Retail ETF seeks to provide investment results that correspond generally to the total return performance of the S&P® Retail Select Industry® Index (the “Index”).
Silicon Valley favorite Allbirds announced Thursday that it has closed Series C funding of $50 million, led by T. Rowe Price Investment Management, Fidelity Management & Research Company and Tiger Global. Total funding has reached $75 million. Allbirds, a shoe brand made with sustainable materials, will use the money to research sustainable materials and to execute an expansion strategy. The company currently sells through its website in the U.S., Australia, Canada, and New Zealand and at retail stores in New York and San Francisco. A store is opening in London with shipping operations launching in the U.K. in 2019. Allbirds launched in 2016. The SPDR S&P Retail ETF is up 4.4% for the year to date, the Amplify ONline Retail ETF has gained 8.7%, and the S&P 500 index is up 4.2% for the period.
As the decline of brick-and-mortar stores continues to make headlines, online retail growth is booming around the world. Consumer spending is now happening online more than ever before as traditional retailers ...
The National Retail Federation expects retail sales in November and December, excluding gasoline, restaurants and automobiles, to increase 4.3% to 4.8%. Total sales are expected to be between $717.45 billion to $720.89 billion, up from $687.87 billion last year. The 2017 holiday season total was a 5.3% year-over-year increase. The group credits the strong economy and consumer confidence for this year's growth, but acknowledges some worries. "While there is concern about the impacts of an escalating trade war, we are optimistic that the pace of economic activity will continue to increase through the end of the year," said NRF Chief Executive Matthew Shay in a statement. Walmart Inc. and Target Corp. have warned that tariffs could raise prices and hurt families. NRF expects seasonal employment is expected to grow to between 585,000 and 650,000, up from 582,500 last year. Amazon.com Inc. increased its minimum wage to $15 amid a tight labor market, putting pressure on retailers to raise wages. The SPDR S&P Retail ETF is up 9% for the year to date, while the Amplify Online Retail ETF has rallied 21.2%, the Dow Jones Industrial Average has increased nearly 9%, and the S&P 500 index has gained 9.8% for the period.
Wayfair Inc.'s price target was raised to $165 from $140 at Canaccord Genuity as analysts think the online home retailer's investments in delivery operations will yield growth. "Wayfair's extensive build out of its delivery infrastructure brings a number of benefits, including faster and cheaper delivery, lower damage rate, and improved customer experience, all of which drive higher repeat rates and therefore higher customer life-time value," analysts led by Maria Ripps wrote. "The investment cycle that started in 2015 is paying off, with the percentage of orders from repeat customers increasing from ~50% in 2014 to ~65% currently, and direct retail revenue growing at nearly 50% for the last three consecutive quarters." Canaccord analysts cite data showing that nearly 40% of consumers think two-to-three day shipping is acceptable for purchases that aren't urgent, and about 25% prefer same-day or one-day shipping. Wayfair shares are up 2.1% in Friday trading, and up 111% for the last year. The S&P 500 index has gained 16.3% for the past 12 months, and the Amplify Online Retail ETF has gained 43.6% for the period.
Hourly wages for seasonal workers will rise nearly 32% according to the 2018 Annual Holiday Hiring Survey conducted by Snag, a marketplace for hourly work, and Wakefield Research. The average hourly wage for 2018 is expected to be $15.40 this year, up from $11.70 last year. Snag polled 1,000 people with hiring responsibilities across retail, restaurants and hospitality for its survey. Wages in retail are taking the biggest leap, 54%, with employers recruiting earlier. The wage hike and early staff searches are attributed to lower unemployment rates and a tighter labor market. "With more employers saying they'll need extra workers this year (84% versus 77% in 2017), the competition for skilled hourly employees is expected to be fierce, and 86% of employers say they will struggle to fill temporary seasonal positions," according to a Snag statement. "To attract workers, a majority of employers (77%) say they'll be offering perks and benefits including paid time off, training opportunities, childcare, tuition stipends, health insurance, and even transportation reimbursement." The SPDR S&P Retail ETF [S: xrt] is up 14.2% for the year to date, the Amplify Online Retail ETF has rallied nearly 28%, and the S&P 500 index is up 9.3% for the period.
Deloitte is forecasting a 5% to 5.6% year-over-year increase in retail holiday sales this year, with spending expected to exceed $1.1 trillion between November and January, excluding motor vehicles and gasoline. E-commerce is expected to increase 17% to 22% this season versus last season, reaching $128 billion to $134 billion. Deloitte analysts attribute the increase to disposable income growth, a strong labor market, and high consumer confidence. Risks include the impact of Fed tightening and any changes in the stock market that could drive a deterioration in consumer confidence. Target Corp. has increased its seasonal hire by 20% to 120,000 in anticipation of the coming holiday season. Macy's Inc. and Michaels Cos. Inc. are among the other retailers that have already announced their seasonal hiring plans. The Amplify Online Retail ETF has gained 28% for 2018 so far. The SPDR S&P Retail ETF has rallied 14.4% for the period. And the S&P 500 index is up 8.8% for 2018 to date.
Internet retail, small-cap and a health care stock fund are among SFMG Wealth Advisor's top ETF picks for the coming months.