A series of ETFs to dig for Thanksgiving


WWe are one day away from Thanksgiving Day, which marks the start of the holiday season. Americans join extended families and give thanks for the good things in life.

However, this year can get tricky given the high inflation and rising spending at gas stations. Let’s see if an improving labor market, widespread immunization, and a strong stock market can put a bountiful gap on the Thanksgiving table.

Thanksgiving dinner is more expensive this year

According to the American Farm Bureau Federation, the average cost of a Thanksgiving dinner for 10 people will be around $ 53.31 this year, up 14% from last year. The survey also found that turkeys cost more than in 2020, at $ 23.99 for a 16-pound bird, up 24% year-over-year.

Consumers expect to spend an average of $ 391.60 on Thanksgiving, down 18% from 2020. 44% of guests plan to go into debt this year against 38% in 2020, 27% in 2019 and 28% in 2018.

Thanksgiving trip to gain speed

According to the travel service provider American Automobile Association (“AAA”), Thanksgiving travel is expected to rebound almost to pre-pandemic levels. More than 53.4 million Americans will travel this Thanksgiving weekend, a 13% jump from last year and the biggest single-year increase since 2005.

Among them, 48.3 million (up 8.5% from last year) will take to the road, 4.2 million (up 82.6%) will take the plane and the remaining million (in 262% increase) will travel by bus, train or cruise. Widespread vaccination, the arrival of boosters and more antiviral therapies give confidence to the government for economic reopening. Consumers also seem to splurge on travel. Although gasoline costs over a dollar more per gallon than at the same time last year, 90% of people choose to travel by car.

What about Wall Street?

“The last five trading days in November have been traditionally positive, since 1950,” said Sam Stovall, chief investment strategist at CFRA. “There is a two-thirds chance that the market will be up the day before Thanksgiving and a 57% chance the day after Thanksgiving and a 71% chance that it will be up on Monday,” CNBC said.

Focus on ETFs

Based on the discussion above, we are highlighting which ETFs could gain in the coming days.

Invesco Dynamic Leisure And Entertainment PEJ ETF

The underlying Dynamic Leisure & Entertainment Intellidex index includes stocks of US leisure and entertainment companies. The index is designed to provide capital appreciation by carefully valuing companies based on a variety of investment merit criteria, including fundamental growth, equity valuation, speed of investment and investment performance. risk factors. The Invesco Dynamic Leisure And Entertainment ETF charges 55 basis points of fees.

ETFMG Travel Tech ETF AWAY

The underlying Prime Travel Technology Index NTR tracks the performance of globally traded equity securities or corresponding ADRs or GDRs engaged in Travel Technology Business which provides technology, via the Internet and Internet-connected devices. such as mobile phones, to facilitate reservations and travel reservations. , carpooling and hailing, travel price comparison and travel tips. AWAY charges a 75 bps fee.

AdvisorShares Hotel ETF BEDZ

The AdvisorShares Hotel ETF is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing at least 80% of its net assets in securities of companies that derive at least 50% of their net income from the business hotelier. BEDZ charges 99 bps for fees.

Defiance Hotel, Airline and Cruise ETF CRUZ

The Underlying BlueStar Global Hotels, Airlines and Cruises Index is a rules-based index that consists of stocks of globally listed companies that derive at least 50% of their income from passenger airlines, hotels and resorts or cruise industries. CRUZ charges a 45 bps fee.

ALPS Global Travel Beneficiaries ETF JRNY

The underlying S-Network Global Travel Index identifies publicly traded stocks of companies that are significantly engaged in the global travel industry. JRNY charges 65 basis points for fees.

AdvisorShares EATZ Restaurant ETFs

The AdvisorShares Restaurant ETF is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing at least 80% of its net assets in securities of companies that derive at least 50% of their net income from restaurants. EATZ charges 99 basis points for fees.

Want key ETF information delivered straight to your inbox?

Zacks’ free fund newsletter will keep you up to date with top news and analysis, as well as top performing ETFs, on a weekly basis.

Get it for free >>

Click to get this free report

ETFMG Travel Tech ETF (AWAY): ETF Research Reports

Invesco Dynamic Leisure and Entertainment (PEJ) ETFs: ETF Research Reports

AdvisorShares Restaurant ETF (EATZ): ETF Research Reports

AdvisorShares Hotel ETF (BEDZ): ETF Research Reports

Defiance Hotel, Airline and Cruise ETF (CRUZ): ETF Research Reports

ETF ALPS Global Travel Beneficiaries (JRNY): ETF Research Reports

To read this article on Zacks.com, click here.

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Comments are closed.