Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL)

The household products, beverage, and food industries are significantly undervalued versus 11-year averages, while tobacco is overvalued and low quality. Invesco Dorsey Wright Consumer Staples Momentum ETF has outperformed XLP in recent years, but PSL carries higher risk and slightly lower risk-adjusted returns since inception, making it a debatable long-term choice. Three stocks cheaper than their peers in June.

Consumer spending has been a strong point in the economy, but recent headwinds are building. The consumer discretionary sector has felt pressure due to recessionary concerns on top of pricing inflation from potential tariffs.

If the promised Trump tariffs take effect soon, inflation could go up and leave a dent on consumers' buying power.

PSL currently holds 42 U.S. Consumer Staples stocks selected for their strong intermediate and long-term price movements. Its 0.60% expense ratio is high, as is its 0.10% median bid-ask spread. Another downside is PSL's low $92 million in assets under management. However, even though many have ignored this fund, PSL outperformed XLP since its Index changed in February 2014. While momentum is the focus, PSL also has exceptional earnings momentum, evidenced by its constituents' 11.03% last quarter earnings surprise figure and 6.82/10 EPS Revision Score.

For investors seeking momentum, Invesco Dorsey Wright Consumer Staples Momentum ETF PSL is probably on the radar. The fund just hit a 52-week high and is up 26.2% from its 52-week low price of $81.26/share.

LONDON--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has acquired Prytania Solutions Ltd. (PSL), a leading provider of technology-driven valuation and analytic services, as it continues to strengthen its market-leading Financial and Valuation Advisory business and offer clients a differentiated experience using data-driven deliverables. The acquisition connects PSL's advanced machine learning technology and market-leading tools with Houlihan Lokey's structured p.

While consumer prices may have gone up in December, wholesale prices fell, much to the surprise of many economists. And this decline in wholesale prices should impact spending on consumer staples.

It's that time of year again. Nope, not fall or autumn.

Some consumer discretionary stocks have performed better than others. Luxury, homebuilding, and travel have been a bright spots.

40% of the online merchandise for U.S. retailers is on sale as we enter Black Friday week of 2022. The average percent discount in November is 36.3%; this has come down from the YTD levels of 37.6% and is significantly below the pre-pandemic levels.

Kroger (KR) agreed to buy smaller rival Albertsons (ACI) for $24.6 billion. If completed, the buyout would create one of the largest grocery store chains in the United States.

Despite inflation and disruptions in the supply chain, Americans are spending more. The U.S. Department of Commerce on Friday reported a 1.1% rise in consumer spending in March, with consumers spending more on travel and dining, as well as on gasoline and food.

The changes are a long way off, but MSCI and S&P Global recently announced notable alterations to the global industry classification standard (GICS) system. Those changes are likely to result in new looks for various consumer discretionary and staples exchange traded funds.

PBJ: The Best Consumer Staples ETF To Buy Right Now

Fernandes: U.S. retail sales in June 2020 were already higher than in December 2019. Fernandes: US consumer is in a much better position than they were in 2008.

Using the Forbes AI Investor platform, we have compiled the top ETFs to buy this month across every major category.