From Zacks: FANGs are Wall Street’s hot sellers. But overvaluation concerns are rife for FANGs.Bank of America Merrill Lynch analysts, raised warnings ahead of FANG investing and asked investors to sell the sector “on signs inflows have reached bubble territory.”
From Zacks: The U.S. retail sector continues to feel the bounce from hurricanes. Sales increased 0.2% sequentially in October 2017, slightly higher than market expectations of no change and after a upwardly revised 1.9% jump in September. On a year-over-year basis, retail sales rose 4.6% following 4.8% gains recorded in September.
From Zacks: After the closing bell on Thursday last week, online e-commerce behemoth Amazon (AMZN– Free Report) came up with blowout Q3 results with a stupendous earnings beat of 5100% and a positive outlook for the holiday quarter.
Fascinating news has hit the tape today in regards to Amazon’s $13.7 billion purchase of Whole Foods (+27% today), and not only are these two stocks in motion but the entire “Supermarket” and greater “Retail” sector.
Investors seeking exposure to the U.S. retail sector have two main ETF options, and the performance and makeup of these two funds couldn’t be more different.
NYSEARCA:XLY, NYSEARCA:VCR, NYSEARCA:HDV, NYSEARCA:EWU, NYSEARCA:AGZ
NASDAQ:AMZN, NYSE:TGT, NYSE:WMT
NYSEARCA:XRT, NYSEARCA:PMR, NYSEARCA:RTH
NYSE:FDO, NYSE:GPS, NYSE:WMT, NYSE:JCP, NYSE:TGT
NASDAQ:FIVE, NYSE:FDO, NYSE:DG, NASDAQ:DLTR