|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's Range||111.20 - 112.65|
|52 Week Range||87.89 - 114.07|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
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.
In a tweet, Tesla’s (TSLA) CEO, Elon Musk, surprised the market by revealing that he’s “considering taking Tesla private at $420. While Musk’s tweet initially fueled a rallied in Tesla stock, the gain didn’t last long. On August 7, after Musk revealed his intention to take Tesla private, Tesla stock reached the highest level since October 2017.
Last week, Ferrari stock (RACE) continued to tank for the fourth consecutive week. On August 10, the stock settled at $120.63 with a fall of ~3.4%.
“We remain conﬁdent in the trajectory of the consumer recovery, as drivers of spending remain solid,” suggests Goldman Sachs consumer analyst Matthew Fassler. At least in Goldman Sachs’ opinion, it’s full speed ahead when it comes to consumer stocks. Goldman Sachs has offered investors 7 consumer stocks, but I’d like to provide alternatives.
Last week, Tesla (TSLA) stock continued to trade on a positive note for the second consecutive week despite continued weakness in other auto stocks. In the week that ended on August 10, TSLA rose 2.1%, extending its previous week’s 17.2% gain. TSLA ended the second quarter in positive territory with a 28.9% rise to become the top gainer among auto stocks in the quarter.
The second-largest auto part retailer by 2017 sales, Advance Auto Parts (AAP) released its fiscal second-quarter earnings earlier today. AAP’s adjusted EPS rose ~25.0% YoY (year-over-year) to $1.97, beating Wall Street’s estimate of $1.86. After its solid quarterly performance, the company raised its 2018 guidance.
ETFs with Home Depot holdings gained as the home improvement retail chain announced positive second-quarter earnings of $30.46.3 billion and an EPS of $3.05–both results beating analyst estimates of $30.03 ...
In the week that ended on August 10, Ford Motor Company (F) stock settled at $9.74, a fall of 3.0%. The stock has witnessed negative movements in eight of the last nine weeks.
As of August 13, the broader market has largely traded on a mixed note month-to-date, and the S&P 500 Index (SPY) has inched up by just 0.2%.
On August 10, Chipotle Mexican Grill (CMG) was trading at $485.47, which represents a rise of 8.7% since the announcement of its second-quarter earnings on July 26. The company’s stock price was driven by its strong second-quarter earnings and the increase of its 2018 SSSG (same-store sales growth) guidance by the company’s management.