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As macroeconomic pressures persist, consumer staples outpace discretionary plays while the e-commerce landscape evolves from a discretionary trade into an everyday necessity.
Shares of First Trust S-Network E-Commerce ETF (NASDAQ: ISHP - Get Free Report) were up 0.2% during mid-day trading on Thursday. The company traded as high as $35.16 and last traded at $36.03. Approximately 34 shares traded hands during trading, a decline of 92% from the average daily volume of 411 shares. The stock had
First Trust S-Network E-Commerce ETF (NASDAQ: ISHP - Get Free Report) rose 0.6% during trading on Friday. The stock traded as high as $36.08 and last traded at $36.00. Approximately 91 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 585 shares. The stock had previously closed at
When the Halloween decorations go away, holiday shopping begins. Each year consumers continue to surprise us with enthusiastic spending despite inflationary pressure.
If there's one trend that remains a powerful force in markets worldwide, it's e-commerce. Consumers love the ability to click three buttons on any of the biggest platform sites and get what they want in a few days or sometimes hours.
Let's delve into some of the best ETF charts of Q2 earnings.
Despite uncertainty in consumer strength, consumer discretionary stocks still pulled ahead of consumer staples stocks for most of 2023.That was driven by mega-cap stocks like Amazon (AMZN) and Tesla (TSLA). But recently, the consumer staples sector — including big box and discount retailers — has outperformed the consumer discretionary sector.
In its latest report released last December, the Bureau of Economic Analysis (BEA) estimates that the digital economy now represents 10% of the total U.S. GDP, or $2.6 trillion. The digital economy is also growing at an average annual growth rate of 7.1%.
SEC filings for ISHP aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.