|Bid||32.78 x 900|
|Ask||34.06 x 900|
|Day's Range||33.61 - 33.80|
|52 Week Range||28.44 - 33.90|
|PE Ratio (TTM)||21.04|
|Beta (3Y Monthly)||0.62|
|Expense Ratio (net)||0.63%|
Increased risk-on sentiments and higher valuations in consumer staples stocks are likely to undercut the lure of staples ETFs investing.
GPS Hospitality, a franchisee that has more than 400 Burger King and Popeyes Louisiana Kitchen restaurants in 11 states, has added 75 Pizza Hut locations to its portfolio. Burger King and Popeyes are part of Restaurant Brands International Inc. ; Pizza Hut is part of Yum Brands Inc. . The acquired Pizza Huts are in Alabama, Georgia, Kentucky and Tennessee. GPS has appointed Kent Dawdy, its vice president of operations, to head up this new division in the company. Yum Brands stock has rallied 9.3% in 2019. Restaurant Brands International is up 26% for the year to date. And the S&P 500 index has gained 11.3% for the period.
Henry Avocado Corp. has issued a voluntary recall of California-grown avocados due to a potential Listeria monocytogenes contamination. The recalled items were shipped to Arizona, California, Florida, New Hampshire, North Carolina and Wisconsin. Shoppers can identify the impacted product by a "Bravocado" sticker. Avocados from Mexico are not subject to the recall. The recall comes after a routine government inspection of a California packing facility yielded positive results. Listeria monocytogenes can cause serious illness or death in young children, the elderly and others with weak immune systems. Among the healthy, it can cause short-term illness including severe headache, nausea and high fever. Consumers are urged to discard or return affected avocados. The Invesco Dynamic Food & Beverage ETF has gained 9.3% for the year to date while the S&P 500 index is up 11.7% for the period.
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.
The U.S. economy is continuing to see job gains and has started 2019 on solid note too. These sector ETFs should the beneficiary of January jobs report.
The recent break below major support on these three charts suggests that the bears are in control and that a move lower is likely.
Ben & Jerry's said Monday that it will not offer plastics straws or spoons in its 600 stores around the globe in early 2019. The company gives out 2.5 million plastic straws and 30 million spoons annually. By April 9, which is also Free Cone Day, the company will move to wooden spoons. Paper straws will be available upon request. By the end of 2020, the company will have an alternative to plastic cups and lids. The Invesco Dynamic Food & Beverage ETF has lost 11.4% over the past year while the S&P 500 index is down 8.3% for the period.
We have highlighted several ETFs that would be in focus in the days ahead given that the partial government shutdown is now the second longest in history.
While the rest of the stock market is faltering, restaurant stocks have managed to stay impressively resilient. The S&P 500 dropped meaningfully in October, and currently sits more than 5% off its trailing three-month high. But, the Invesco Dynamic Food & Beverage ETF (OTCMKTS:PBJ) currently sits right around trailing three-month highs, while many individual restaurant stocks are making fresh new all time highs.
Consumer discretionary ETFs may find support from strong consumer confidence and a tight labor market that helped fuel Americans' spending in the third quarter. According to the Commerce Department, retail sales - a measure of spending at U.S. stores, websites and restaurants - rose 0.5% in July month-over-month, compared to economists’ forecasts for a 0.1% gain, the Wall Street Journal reports. The growth in retail sales was driven by improved spending at grocery stores, restaurants, department stores and clothing stores.
At the end of April, there were nearly 1,900 exchange-traded funds (ETFs) trading hands in the U.S. Just this year, approximately 100 new ETFs have come to market. With numbers like that, you’re bound to run into a few products out there that could diverge from the pack. These are considered “strange ETFs.”