Shop These ETFs & Stocks This Valentine's Day
Zacks Investment Research | Feb 14, 2020 02:30AM ET
It’s definitely going to be a love-filled year in the United States with consumers expected to expend amazing amounts on their significant others on Valentine’s Day. 55% of Americans plan to celebrate the day, up from 51% last year and down from a high of 63% hit in 2007. It clearly indicates improvement in the U.S. economic health. A growing economy and tightening labor market are probably encouraging consumers to splurge.
Needless to say, the Valentine’s Day record splurge will impact the world of investing or finance. Let’s take a look.
Is It Becoming a Millennials’ Event?
According to Bankrate’s 2020 Valentine’s Day survey , 70% Americans plan to spend on their partner this Valentine’s Day, with the average amount being $152. For millennials, the figure rises to $208, while Gen X intends to shell out about $160. This places Global X Millennials Thematic ETF (BE:MILN) well for gains.
Pets Are No Less Than Sweethearts
Gifts for pets continue to be popular, with about An ETF to Capitalize on the Booming Pet Industry ).
Some of the stocks that are likely to gain from this trend are Freshpet Inc. (NASDAQ:FRPT) , PetMed Express Inc. (NASDAQ:PETS) and PetIQ Inc. (NASDAQ:PETQ) .
Go Beyond Things, Gift an Experience
About Wining & Losing ETF Areas on Coronavirus Outbreak ).
Restaurants companies are expected to gain as well. Investors can take a look at Zacks Rank #3 (Hold) Denny's Corporation (NASDAQ:DENN) and Zacks Rank #2 (Buy) Brinker International Inc. (NYSE:EAT) .
Candies Are All-Time Favorites
About 52% of consumers will go for candies and are expected to spend $2.4 billion on it. Candies, in any case, are much in demand during this period. The Hershey Company (NYSE:HSY) is likely to be one of the best bets this year. It belongs to a favorable Zacks industry (placed at the top 1% of 250+ industries).
Who Forgets Jewelry?
About 21% shoppers plan to spend $5.8 billion on jewelry. However, with Tiffany & Co. (NYSE:TIF) , having a Zacks Rank #4 (Sell), it is better to bet on gold bullion ETF SPDR Gold Shares (NYSE:GLD) (TSXV:GLD) . The latest coronavirus scare made precious metal investing more lucrative this time around owing to their safe-haven appeal.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.