|Bid||32.59 x 900|
|Ask||32.68 x 900|
|Day's Range||32.61 - 32.68|
|52 Week Range||28.44 - 33.90|
|PE Ratio (TTM)||20.29|
|Beta (3Y Monthly)||0.58|
|Expense Ratio (net)||0.63%|
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.
Johnsonville announced a voluntary recall of its Cheddar Cheese & Bacon Grillers on Friday because they may contain black rubber bits. The recall comes after three complaints, and applies to the 24-ounce package with the following "Best Flavor By" dates and EST numbers: July 24, 2019 and an EST 34225; Aug. 13, 2019 and an EST 34225; and Aug. 14, 2019 and an EST 34225. The product was shipped to 31 states. Purdue has also issued a recall of chicken nuggets that may be contaminated with wood. The Invesco Dynamic Food & Beverage ETF has lost 7.1% over the last year while the S&P 500 index is down 4.6% 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.”
Betting on ETFs from these corners of the market should be a winning strategy for investors seeking to rake in profits from higher spending on St. Patrick's Day.
March arrives Thursday and that could bring sector-level seasonal opportunities for tactical traders. One exchange traded fund to consider is the PowerShares Dynamic Food & Beverage Portfolio (NYSEArca: ...
There were no recommendation changes from Wall Street analysts on Sprouts Farmers Market (SFM) after its 4Q17 results. It has a better rating than most food retailers such as Kroger (KR) at 2.4, Walmart (WMT) at 2.3, and SuperValu (SVU) at 2.8. A total of 61% of the analysts covering SFM have set “buy” recommendations on the stock.
After delivering a 15% YoY (year-over-year) rise in 2017, Sprouts Farmers Market’s (SFM) management now expects an 11.5%–12.5% YoY rise in its 2018 net sales. SFM’s sales comps are expected to improve 2.5%–3.5% during 2018. Management expects a slight deleverage in SFM’s 2018 gross margin compared to the previous year.