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3 ETF Areas & Stocks to Win on Upbeat March Retail Sales [Yahoo! Finance]
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On Apr 15, the Department of Commerce reported that retail sales grew 0.7% month over month in March, well above the consensus estimate of 0.3%. Moreover, February's data was revised upward to an increase of 0.9% from 0.6% reported earlier. Year over year, retail sales increased 3.6% in March primarily owing to a resilient labor market and a higher-than-expected rise in wage rates. Notably, the metric for both January and December was negative. Core retail sales (excluding auto) grew 1.1% month over month in March, well above the consensus estimate of 0.5%. Moreover, February's data was revised upward to an increase of 0.6% from 0.3% reported earlier. Below we highlight a few areas and the related ETFs & stocks that may benefit handsomely from the retail sales. Winning Areas Non-Store Retailers Sales at non-store retailers rose 11.3% year over year in March 2024. On a sequential basis, sales gained 2.7% in March. Amplify Online Retail ETF IBUY – The underlying index of t
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