|Bid||40.01 x 3000|
|Ask||45.71 x 3000|
|Day's Range||42.48 - 44.57|
|52 Week Range||39.49 - 54.55|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.65%|
Retail container ports have reached a new record, 2 million containers in a month, with retailers scrambling to get merchandise into the U.S. before possible tariff hikes, according to the National Retail Federation. Tariff increases were postponed for 90 days after talks between the U.S. and China during the Group of 20 meeting. "We hope that the temporary stand-down becomes permanent, but in the meantime there has been a rush to bring merchandise in before existing tariffs go up or new ones can be imposed," said NRF Vice President for Supply Chain and Customs Policy Jonathan Gold in a statement. "China's abuses of trade policy need to be addressed, but tariffs that drive up prices for American families and costs for U.S. businesses are not the answer." The Global Port Tracker said U.S. ports it covers handled 2.04 million 20-foot equivalent units (TEUs) in October, the last month for which numbers are available. That's up 9% from September and up 13.6% from last year. November was estimated at 2.01 million TEUs, up 14% year-over-year. Imports are forecast to fall in 2019 "as the market adjusts to higher prices to to the Trump tariffs and the impact on consumer and industry confidence going forward," said Ben Hackett, founder of Hackett Associates, which produces the Global Port Tracker for the NRF. The SPDR S&P Retail ETF is down 3% for 2018, the Amplify Online Retail ETF is up 5.8% for the period. The S&P 500 index is down 0.7%] for the year to date.
On the back of banner Cyber Monday sales, retail exchange traded funds could be poised for more upside this holiday shopping season. While Black Friday and Cyber Monday have come and gone, the calendar is still likely to assist retail investments, including the aforementioned ETFs. “The 2018 calendar sets up nicely for retailers, as it gives holiday shoppers ample opportunity to get their gift-buying done with time to spare,” said IHS Markit in a recent note.
If Black Friday wasn't enough to prop up retail exchange-traded funds (ETFs), they got an additional boost from Cyber Monday sales reaching a record $7.9 billion, according to data from Adobe Analytics, which represented a 19.3% increase from a year ago. ETFs like the Amplify Online Retail ETF (IBUY) , SPDR S&P Retail ETF (XRT) and ProShares Online Retail ETF (ONLN) reacted to the latest data. As of 11:00 a.m. ET, IBUY slightly gained 0.12%, XRT was slightly down at 0.11% and ONLN rose 0.36%.
A post-Thanksgiving case of food coma didn't stop online shoppers as Black Friday reached record sales last week, which could have a spillover effect into Cyber Monday as retail exchange-traded funds (ETFs) could stand to benefit even further. ETFs like the Amplify Online Retail ETF (IBUY) , SPDR S&P Retail ETF (XRT) and ProShares Online Retail ETF (ONLN) were boosted by the strong showing for holiday shoppers on Black Friday as online sales reached a record total of $6.22 billion based on data from Adobe Analytics.
The Dow Jones Industrial Average jumped over 300 points Monday as the technology sector rebounded from losses last week, while retail got an early boost from Black Friday holiday shopping. Both the S&P 500 and Nasdaq Composite were in the green over 30 points and 100 points, respectively. Financial names like American Express and Goldman Sachs propped up the S&P 500, while FANG (Facebook, Amazon, Netflix, and Google-Alphabet) stocks recouped losses from last week's volatility, particularly in the tech sector, despite a shortened Thanksgiving week.
Lodging accounted for 72% of Expedia’s (EXPE) third-quarter revenue, and it remains the most important contributor to Expedia’s top line. Expedia’s lodging revenue rose 12% YoY (year-over-year) in the quarter. This growth came as a result of a 13% YoY increase in room nights, and it was partially offset by a 1% fall in revenue per room night.
Online retailing is likely to hit a home run this holiday season as evident from upbeat Thanksgiving data. So, investors can play these ETFs.
Despite a post-midterm election rally, volatility returned as equities resumed their downward trajectory from October, but if there's one thing to bet on--it's a Black Friday boost for the retail sector. As such, exchange-traded funds (ETFs) to keep an eye on are the SPDR S&P Retail ETF (XRT) , Amplify Online Retail ETF (IBUY) and VanEck Vectors Retail ETF (RTH) . According to analytics company Kensho, the consumer discretionary sector within the companies listed in the S&P 500 returned an average of 1% and traded in the green 71% of the time during the week of Thanksgiving for the last 30 years.
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.