One week until Black Friday. Investors have already loaded up the shopping carts with retail stocks
CNN
It's no secret that consumers love Amazon, Walmart and Target. But they are not the only retailers that bargain-hunting shoppers — or investors — are expected to flock to during the holidays.
With Black Friday a week away, the SPDR S&P Retail ETF (XRT) is up an astonishing 61% this year. That's extraordinary, considering it does not have gigantic positions in Amazon (AMZN), Walmart (WMT) or Target (TGT) among its top holdings, i
The ETF has roughly equal weightings in more than 100 stocks. Many of the mall-based companies that investors left for dead in 2020 during the pandemic but have since roared back to life this year are more responsible for powering the ETF's stellar 2021 performance.
More Related News