Invesco S&P SmallCap Consumer Discretionary ETF (PSCD)

PSCD offers exposure to small-cap consumer discretionary stocks, with the bulk of the holdings comprising specialty retailers and those involved in household durables. PSCD suffers from high volatility, an uncomfortable tracking error, and a dispiriting track record (both short and long-term) of risk-adjusted returns. Current sector fundamentals are weak, with declining retail sales, limited consumer spending appetite, and potential inventory build-up.

Raise a toast to the ETFs in these sectors and find some hidden luck in this Irish festival.

Holiday spending is expected to grow 2.5%-3.5% year over year. Several ETFs are poised for solid gains.

Black Friday continues to be the most popular shopping day for both in-store and online shopping.

Investors seeking to cash in on big gains could consider ETFs from areas likely to benefit from the Thanksgiving week.

We have highlighted five ETFs from different zones that have plunged the most in the couple of weeks but have a solid Zacks ETF Rank #1 (Strong Buy) or 2 (Buy).

Wall Street witnessed an upbeat December due to moderation in inflationary pressures, the likelihood of Fed rate cuts in 2024 and decent corporate earnings.

According to Mastercard SpendingPulse, U.S. retail sales increased 3.1% between Nov 1 and Dec 24.

Americans are feeling more confident about the economy than they did over the past few months. This is especially true as consumer sentiment rebounded sharply in early December.

Last month witnessed a surge in stock values. However, stocks wavered to start December.

On average, consumers spent $321.41 on holiday-related purchases during the five-day period compared with $325.44 last year.

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.

Investors seeking to cash in on big gains could consider ETFs from the areas likely to benefit from the Thanksgiving week.

Although higher unemployment, eroding consumer savings, and pressure on home prices are likely to weigh on consumer spending growth currently, factors like cooling inflation, a less-hawkish Fed, lower oil prices, holiday season sales and decent earnings should boost the sector.

After the third consecutive monthly loss since the onset of the COVID pandemic in March 2020, Wall Street staged a solid comeback at the start of November.

The S&P 500, the Nasdaq and the Dow Jones -- all underperformed in the third quarter of 2023. However, these top-ranked sector ETFs might outperform in the fourth quarter.