TD Ameritrade | April 29, 2021
In a TD Ameritrade discussion on the recent FOMC meeting, Simeon Hyman says growth numbers are “strong across the board.” He says consumer discretionary is up, citing a quarterly increase of 10.7% in personal consumption in Q1 2021. Hyman predicts consumer spending will continue on “for some time” and features the ProShares Online Retail ETF (ONLN), which offers investors an “opportunity to benefit both from those spending trends driving the consumer discretionary sector” by pinpointing retailers that principally sell online or through other non-store channels, zeroing in on the companies reshaping the retail space. For investors interested in the tech sector, he highlights the ProShares S&P Technology Aristocrats ETF (TDV), which focuses on well-established, technology-related companies that have consistently raised their dividends for at least seven years. See ONLN holdings and performance. See TDV holdings and performance.
Source: Bureau of Economic Analysis, GDP, First Quarter 2021 Report
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