No Trick, 3 Halloween ETF & Stock Treats For Investors
Zacks Investment Research | Oct 30, 2019 01:00AM ET
Gone are the days when Halloween used to be a spooky event. Halloween is also no more specific to kids dressing up as ghosts and ghouls, and trick-or-treating. It is more of a party event now.
In fact, 18 to 24 year-old consumers are most likely to celebrate Halloween, with nearly nine in 10 taking part in it this year, up from 84% a decade ago, per nrf.com . Needless to say, the event creates solid business opportunities.
Inside Halloween Spending This Year
National Retail Federation has estimated that Americans will likely spend a staggering disturb their Halloween plans .
About 95% will likely shell out around $2.6 billion on candies. As much as 67% of consumers will spend about $3.2 billion on costumes and 72% of consumers will likely go for buying decorations worth $2.7 billion. About one-third will throw or attend a Halloween party , 29% will take children trick-or-treating and 17% will get their pets to don Halloween costume, per NRF. Needless to say, retail sales will be on a roll in the upcoming days and put the following ETFs and stocks in focus.
ETF Picks
VanEck Vectors Retail ETF (TSXV:RTH)
Several discount retailers like Costco (NASDAQ:COST) , Ross (NASDAQ:ROST) , Dollar General (NYSE:DG) and Wal-Mart (NYSE:WMT) have solid exposure to this fund. Notably, Top-Ranked Sector ETFs to Buy for Q4 ).
Global X Social Media ETF (CM:SOCL)
Consumers normally will look for perfect costume idea online. Pinterest (NYSE:PINS) Facebook (NASDAQ:FB) and YouTube are some of platforms where people search for Halloween ideas. About Should You Buy Facebook Ahead of Q3 Earnings? ).
ProShares Pet Care ETF PAWZ
NRF projects total planned spending for pet costumes at ProShares Brings Pet-Friendly ETF ).
Stock Picks
Dollar General Corporation (NYSE:DG)
Discount stores are busy destinations for Halloween shopping. Dollar General is one of the largest discount retailers in the United States. The stock has a Zacks Rank #2 (Buy) with a VGM Score of B, at the time of writing. It comes from a top-ranked Zacks industry (top 11%).
Hershey Company (NYSE:HSY)
Candy and chocolate sales are hot leading up to Halloween. The Zacks Rank #2 company is the largest chocolate manufacturer in North America as well as a global leader in chocolate and non-chocolate confectionery. It comes from a top-ranked Zacks industry (top 1%).
Amazon.com Inc. (NASDAQ:AMZN)
With all the celebration around, who can get forget Amazon – a hot destination of online shopping for costumes, home decor and candies? Though the stock has a Zacks Rank #3 (Hold), it comes from a top-ranked Zacks industry (top 22%).
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