XLY - FDIS: Betting On The Consumer (And More Credit Card Debt)
2024-06-27 11:15:07 ET
Summary
- Consumer spending continues to drive the economy, with Consumer Discretionary stocks potentially due for leadership.
- Fidelity MSCI Consumer Discretionary Index ETF (FDIS) has 283 holdings, top-heavy with Amazon at 23%.
- Sector sensitive to economic outlook, with Retail, Automobile Manufacturers, and Restaurants making up a significant portion.
The consumer is dead. Long live the consumer. Let's face it - as long as there is a credit card limit that hasn't been hit, consumers will keep spending and be a big driver of the economy. Sure - unemployment rising should impact them, but who knows when. Consumer Discretionary stocks have been significant underperformers relative to the S&P 500 since 2022, but perhaps the sector is now due for leadership. If you're in that camp, you may want to consider the Fidelity MSCI Consumer Discretionary Index ETF ( FDIS )....
FDIS: Betting On The Consumer (And More Credit Card Debt)