Will Wal-Mart ETFs Outdo Amazon In Last-Minute Shopping?
Zacks Investment Research | Dec 13, 2017 10:09PM ET
The holiday season has seen a smashing start with retailers, especially online, enjoying strong sales on long promotions, heavy discounts and free shipping. This is especially true as online sales have climbed 16.8% from the last holiday season to $50 billion so far this time (November 1-27) per Adobe Insights.
Notably, retailers raked in a record $13.03 billion in online sales from Nov 23 through 26, up 14.4% year over year. Adobe expects 2017 be the first-ever holiday season to break $100 billion in online sales (read: Should You Buy Retail ETFs Now? ).
If we go be performance, Wal-Mart is outperforming Amazon, having returned 7.3% over the past one month compared to gains of 2.4% for the latter.
ETFs to Bet On
Based on the above discussion, Wal-Mart seems to be taking some sheen away from the online giant in the final days heading into Christmas. As such, investors could bet on WMT in a basket form with iShares Edge MSCI Multifactor Consumer Staples ETF Original post
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