PowerShares S&P SmallCap Consumer Discretionary Portfolio ETF (PSCD) - NASDAQ
  • Today, 9:23 AM
    • Household spending by consumers increased 4.2% in Q2 to mark the best pace for the category since late in 2014.
    • The strong read on consumer spending contrasts with the tightening by businesses amid Brexit fears, F/X pain, and political jitters.
    • Retail ETFs trail broad stock market averages on the year after a May swoon, although most of the damage has been from the mall sector. Companies with a thriving e-commerce business and/or high mix of U.S. sales have held up.
    • Despite the painful headline Q2 GPD miss today, the underlying resiliency shown by consumers could bode well for a variety of retailers such as Amazon (NASDAQ:AMZN), Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Costco (NASDAQ:COST), Kroger (NYSE:KR), Lululemon (NASDAQ:LULU), Dollar General (NYSE:DG), PriceSmart (NASDAQ:PSMT), and Williams-Sonoma (NYSE:WSM) to name a few (add your own ideas in the comments).
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE, JHMS, IBUY, CNSF, CNDF, JHMC
    | Today, 9:23 AM | 5 Comments
  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 38 Comments
  • Tue, Mar. 15, 8:49 AM
    | Tue, Mar. 15, 8:49 AM | 4 Comments
  • Wed, Feb. 24, 2:57 AM
    • Officials in 13 states are getting tired of waiting for Congress to let them collect sales taxes from out-of-state Internet retailers, so they are moving to impose the duties themselves.
    • The states want their moves to be questioned, and therefore lead to litigation, so they can ask the Supreme Court to overturn a 1992 ruling that forbids taxation of Internet sales by retailers that lack a physical location in a state.
    • ETFs: XLP, XLY, VDC, XRT, VCR, RETL, RTH, FXG, IYK, PBJ, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PSL, PMR, PEZ, UGE, PSCC, PSCD, SZK, BITE
    | Wed, Feb. 24, 2:57 AM | 21 Comments
  • Wed, Feb. 17, 10:54 AM
    • There's a bottom-up rally firing up in the consumer discretionary sector. Investors are digging deeper into the sector, instead of favoring blue chips like McDonald's, Wal-Mart, and Lowe's.
    • Ascena Retail Group (NASDAQ:ASNA) is up 7.9%.
    • New York & Company (NYSE:NWY) is 8.4% higher.
    • DSW (NYSE:DSW) is showing a 6.1% gain.
    • Vince Holding (NYSE:VNCE) is on fire with a 16.6% gain.
    • Iconix Brand Group (NASDAQ:ICON) is up 8%.
    • Fred's (NASDAQ:FRED) is 4.2% higher.
    • Supervalu (NYSE:SVU) is also moving along nicely with a +5.3% move.
    • Related ETFs: XLY, XRT, VCR, RETL, RTH, FXD, FDIS, RCD, PMR, PEZ, PSCD, BITE
    | Wed, Feb. 17, 10:54 AM | 2 Comments
  • Wed, Feb. 10, 2:28 PM
    | Wed, Feb. 10, 2:28 PM | 2 Comments
  • Sat, Jan. 23, 2:46 PM
    • The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
    • The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
    • The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
    • The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
    • Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
    • Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
    • Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
    | Sat, Jan. 23, 2:46 PM | 71 Comments
  • Thu, Jan. 14, 8:24 AM
    • Consumer discretionary stocks on watch today include Ethan Allen (NYSE:ETH), La-Z-Boy (NYSE:LZB), Pier 1 Imports (NYSE:PIR), Kirkland's (NASDAQ:KIRK), Select Comfort (NASDAQ:SCSS), and Mattress Firm (NASDAQ:MFRM).
    • The home furnishing/home furniture group is typically seen as benefiting from low gas prices and steady employment trends, but were pummeled yesterday with 4% to 5% losses.
    • The broad consumer discretionary sector has its worst day since last August with the Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLP) down 3.37%.
    • ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, PEZ, PSCD, BITE.
    | Thu, Jan. 14, 8:24 AM | 1 Comment
  • Dec. 28, 2015, 10:31 AM
    • MasterCard reports holiday sales rose 7.9% during the holiday season, led by strong growth for big ticket items. The growth rate is much stronger than the 3.7% gain in holiday sales forecast by the National Retail Federation.
    • Online sales were up 20% Y/Y during the period which implies some acceleration in December after some Black Friday and Cyber Monday reports disappointed.
    • The strong read from MasterCard on top of the volume spike at FedEx adds some weight to the theory that the 2015 holiday shopping season was back-half loaded due in part to a higher reliance on online orders. Warm weather also played a factor by pushing back some apparel buying.
    • Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Macy's (NYSE:M), and Best Buy (NYSE:BBY) are seen as potential beneficiaries of the late rush, while Amazon may have captured even more market share.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
    | Dec. 28, 2015, 10:31 AM | 25 Comments
  • Dec. 18, 2015, 11:23 AM
    • Black Friday results may have slightly stronger than what was first indicated in largely anecdotal reports last month, observes NPD Group.
    • The research firm says the percentage of shoppers hitting stores on the key shopping day increased slightly year-over-year to 43%. Thanksgiving traffic was also up, although the percentage of shoppers that went out both days actually fell.
    • Best Buy (NYSE:BBY) and Wal-Mart (NYSE:WMT) were volume winners during different periods of Thanksgiving Day, while Macy's (NYSE:M) was the peak leader on Black Friday.
    • Target (NYSE:TGT) and Amazon are seen by NPD as big holiday shopper winners when the broader period is reviewed. Target is hitting its stride largely due to solid assortment and inventory management, while the popularity of Amazon Prime has helped the e-commerce beast to gain market share.
    • Discretionary retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, PEZ, PSCD, BITE.
    | Dec. 18, 2015, 11:23 AM | 10 Comments
  • Dec. 3, 2015, 1:06 PM
    | Dec. 3, 2015, 1:06 PM | 13 Comments
  • Nov. 29, 2015, 11:32 AM
    | Nov. 29, 2015, 11:32 AM | 31 Comments
  • Nov. 27, 2015, 4:31 AM
    • The shaky condition of U.S. retail will be put to the test this weekend, when stores across the country roll out their Black Friday specials.
    • About 135.8M Americans are expected to shop in stores or online over the four-day weekend, according to the National Retail Federation, but the amount they've spent has declined over the past two years, dropping 11% to $50.9B in 2014.
    • The forecast for frugal shopping also got a boost on Wednesday, when Commerce Department figures showed household spending rose less than expected in October.
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | Nov. 27, 2015, 4:31 AM | 6 Comments
  • Nov. 25, 2015, 9:26 AM
    • The average price for a gallon of gas in the U.S. has now dropped to $2.06 per gallon - a mark that is 27% lower than where gas prices stood heading into the holiday period last year. Despite the extra dollars in the wallets of consumers, most forecasts for holiday retail sales are on the modest side (below 4%).
    • The extended period of sub-$3 gas prices in the U.S. hasn't exactly lit consumer spending across broad retail on fire (just ask Wal-Mart) - although it has stoked auto sales for the Detroit Three (GM, F, FCAU). The regional casino sector (ISLE, PENN, BYD, ERI, MTN, MCRI) and cruise line stocks (NCLH, RCL) have also benefited more than major chain stores. Some have suggested that lower gas prices are also an understated driver for Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX) which both score high on customer stickiness.
    • What next? Seeking Alpha's Stock Pitch Contest on retail is still open until November 30 amid the reset on consumer spending expectations. Current long ideas include PLAY, FRAN, CASY, SKX, WMT, PSUN, HGG, PRTY, TJX, TA, VSTO - while short bets on WMAR, TIF, RT, AMZN, UA, LB, and OUTR are on record.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE.
    | Nov. 25, 2015, 9:26 AM | 49 Comments
  • Nov. 3, 2015, 3:49 PM
    • U.S. auto sales soared in October with the Detroit Three (F, GM, FCAU) all showing double-digit gains from a year ago. An extra selling weekend helped traffic, while low gas prices drove sales for SUVs and trucks.
    • The annual selling rate came in at 18.2M for the month to sail past almost all estimates. Japanese automakers performed strong, while German brands performed better than expected after some spillover from the Volkswagen cheating scandal was anticipated.
    • If there's a catch, it might be what the crowding out impact is on broad retail as consumers take on larger auto payments. Retail sales have disappointed in recent months with heavyweights such as Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Best Buy (NYSE:BBY), and Staples (NASDAQ:SPLS) unable to pull off the comps the auto sector is rolling out.
    • U.S. auto sales reports
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK
    | Nov. 3, 2015, 3:49 PM | 43 Comments
  • Sep. 15, 2015, 5:41 AM
    • Retail sales for August will be released later today in one of the most highly-anticipated economic releases of the month. Sales are expected to rise 0.3% to mark a deceleration from the 0.6% gain recorded in July.
    • There's been plenty of discussion in the retail sector on the impact of the shift of the Labor Day weekend into September this year and the slower start for back to school shopping as more consumers shift to online purchasing.
    • Fed-watchers in particular will dissect the August report and any revisions to the July number. A gain of 1% or more in either month could be used to support the case for a rate hike.
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK
    | Sep. 15, 2015, 5:41 AM | 1 Comment
PSCD Description
The PowerShares S&P SmallCap Consumer Discretionary Portfolio (Fund) is based on the S&P SmallCap 600 Capped Consumer Discretionary Index® (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of U.S. consumer discretionary companies. These companies are principally engaged in providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market-capitalization-weighted index reflecting the U.S. small-cap market.
See more details on sponsor's website
Sector: Services
Country: United States
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