5 ETFs To Profit From July Fourth Celebrations
Zacks Investment Research | Jul 02, 2019 10:05PM ET
As one of the busiest travel holidays, this Fourth of July promises big business as pockets are heavier with robust consumer spending and rising disposable income.
While a strong U.S. economy and low unemployment have translated into rising income, lower gas prices than last summer have led to increased savings for long weekend gateways. This is especially true as gas price has been on the downtrend. Gas prices are currently hovering around $2.73, much cheaper than the last year’s Memorial Day weekend, and are expected to drop further to $2.70 this summer per AAA.
AAA estimates that a record 49 million Americans are making plans to honor the red, white and blue with an Independence Day gateway this year. This represents an increase of 4.1% from last year. Of them, 41.4 million (up 4.3%) will go on a road trip, 3.96 million (up 5.3%) will fly, and 3.55 million will travel by trains, buses and cruises (read: Zacks Investment Research
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