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Designed to provide broad exposure to the Consumer Discretionary - Broad segment of the equity market, the Consumer Discretionary Select Sector SPDR ETF (XLY) is a passively managed exchange traded fund launched on 12/16/1998.
The consumer discretionary sector has slowed post-COVID recovery as inflation has weighed on consumer spending growth. Elevated valuations and negative growth outlooks for top holdings in the Consumer Discretionary ETF raise concerns. Consumer spending is driven by borrowing rather than wages, which are arguably still not rising as fast as household living costs.
Amazon had a record-breaking holiday shopping season and closed out a robust 2023. It provided optimistic guidance for the first quarter of 2024.
Tesla (TSLA)'s Q4 earnings report missed expectations, leading to a downward trend in its stock price.
Tesla is just up 1.5% in the past three months. However, Tesla has the potential to stage a comeback if it beats estimates in the to-be-reported quarter.
The year 2023 has proven to be an exceptional year for Wall Street. Now, let's see what ETF trends would be visible in 2024.
The durables, apparel and consumer services subsectors show good value scores, and the latter also has an excellent quality score. The auto/components industry is much less attractive. XLY fast facts.
The Conference Board stated that its consumer confidence index increased to 102.0 this month from a downwardly revised 99.1 last month.
As per the American Farm Bureau Federation, the average cost of a Thanksgiving dinner for 10 people will come for around will be 4.5% lower than last year's cost.