AZemdega
Bank of America’s global research team highlighted Thursday that household spending, as measured by aggregate credit and debit cards, rose 2.3% on Black Friday compared to the same period last year.
“This year’s vacation Spending data looks even stronger given the current goods disinflation,” BofA said. The bank added: “It is also worth noting that air travel has been strong throughout the year, especially since September. We believe this is likely accompanied by solid growth in spending on other services such as hotels, restaurants and entertainment.”
See below the graph provided by BofA, which outlines card spending by household relative to the previous year on Black Friday and the week ending the day after Black Friday:
Following the hype around Black Friday and Cyber Monday, investors have become more focused on the holiday shopping season and the retail market in general. Highlighted below are a group of retail and e-commerce focused ETFs that may merit further analysis:
- SPDR S&P Retail ETF (NYSERCA:XRT)
- VanEck Retail ETF (NASDAQ:RTH)
- Amplify Online Retail ETF (NYSERCA: IBUY)
- ProShares Online Retail ETF (NYSERCA: ONLN)
- Direxion Daily Retail Bull 3X (RETL) Stock
- ProShares Retail Store ETF (EMTY) Decline