Vanguard Consumer Discretion ETF (ARCA: VCR)

Dernières nouvelles pour Vanguard Consumer Discretion ETF (ARCA:VCR)

Vanguard Consumer Discretion ETF

Vanguard Consumer Discretion ETF - DNQ

Consumer Cyclical

Communication Services

Consumer Defensive

Technology

Industrials

Energy

Healthcare

Financial Services

Other

The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index/Consumer Discretionary 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the consumer discretionary sector, as classified under the Global Industry Classification Standard. The Advisor attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index. It is non-diversified.

Amazon.Com Inc

Tesla, Inc.

Home Depot Inc/The

Mcdonald'S Corp

Booking Holdings, Inc.

Lowes Cos., Inc.

Tjx Cos., Inc.

Nike Inc

Starbucks Corp

Chipotle Mexican Grill Inc. Class A

Mercadolibre Inc

O'reilly Automotive, Inc.

Doordash Inc

Vanguard Consumer Discretionary ETF

Vanguard Core Bond ETF

VCREDIT HLDGS LTD by VCREDIT HLDGS LTD

Vanguard Tax-Managed Funds Vanguard Core Tax-Exempt Bond ETF

Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lackluster Q2 results have landed a number of <a href="https://www.benzinga.com/etfs">ETFs with high exposure</a> to the EV titan squarely in the crosshairs. Markets reacted to the results, pushing Tesla down by up to 8% on Thursday.
<ul class="wp-block-list">
<li>TSLA stock recovers some of its losses. <a href="https://www.benzinga.com/quote/TSLA">See real-time price here</a>.</li>
</ul>
Investors could be reevaluating the risk embedded in funds that hold Tesla as a core position:
Simplify Volt TSLA Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TESL#NYSE">TESL</a>): A highly concentrated Tesla play that uses options to manage volatility. If Tesla sneezes, this ETF catches a cold.
Consumer Discretionary Select Sector SPDR Fund (XLY): With almost 16% of its assets in Tesla, this sector heavyweight is directly exposed to the stock&#8217;s swoons and surges.
Nightview Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NITE#NYSE">NITE</a>): Tesla constitutes 14% of this actively managed fund that bets on high-conviction, high-volatility stocks. The fund also dipped on Thursday in response to <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">Tesla&#8217;s Wednesday after-market earnings</a>.
Fidelity MSCI Consumer Discretionary Index ETF (FDIS): Has 14.5% in Tesla, reflecting the sector&#8217;s heavy dependence on Musk&#8217;s mojo. The fund reacted to the earnings result with a 1.3% dip at Thursday&#8217;s market open. The other stocks in the portfolio couldn&#8217;t help the fund from slipping.
Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>): Tesla is 14.5% of this widely diversified consumer ETF, which is a significant risk factor. The fund opened 1.3% in the red in response to Tesla&#8217;s results, a meaningful slump for an ETF with other strong stocks in its portfolio as well.
For traders in these ETFs, Tesla&#8217;s most recent quarter wasn&#8217;t a speed bump, it was a pothole the size of a Cybertruck.
<h2 class="wp-block-heading">The Backstory: A Rough Quarter For Tesla</h2>
Tesla reported adjusted earnings of 33 cents a share, below forecasts of 39 cents, and revenue decreased 12% YoY to $22.5 billion, its steepest decline in more than a decade. Auto revenue dropped 16%, an agonizing 13.5% year-over-year decline in deliveries globally.
The company&#8217;s Model 3/Y cars did most of the heavy work, but it wasn&#8217;t enough to keep it out of worst delivery performance in its history. This is the second consecutive quarter of falling deliveries, a red flag even for the most die-hard bulls.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/07/46624776/gary-black-slams-tesla-over-disaster-second-quarter-earnings-says-he-would-pass-on-tsla-stock-calls-robotaxi-launch-kabuki-theater">Gary Black Slams Tesla Over &#8216;Disaster&#8217; Second Quarter Earnings, Says He Would Pass On TSLA Stock, Calls Robotaxi Launch &#8216;Kabuki Theater&#8217;</a>
<h2 class="wp-block-heading">Can Musk&#8217;s Moonshots Rescue Tesla?</h2>
While sales are lagging, Musk is putting the pedal to the metal on the sci-fi story. Tesla rolled out its paid robotaxi service in Austin and is expanding across U.S. cities. Musk stated that the target is to reach &#8220;half the U.S. population&#8221; by the end of the year, pending regulators not putting the brakes on.
Tesla&#8217;s Q2 earnings miss isn&#8217;t merely a company tale, it&#8217;s an ETF tale. Portfolios such as XLY, VCR, and TESL, which are heavily concentrated in TSLA, are now along for the ride on a very volatile vehicle. While <a href="https://www.benzinga.com/markets/tech/25/07/46511765/elon-musk-says-teslas-self-driving-tech-is-about-to-get-major-boost-from-austin-robotaxi-upgrades-step-change-improvement">Musk&#8217;s robotaxi launches </a>and Optimus aspirations provide some hope in the long term, near-term uncertainty is driving sentiment.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46638284/small-caps-big-comeback-etfs-betting-on-americas-underdogs-as-tax-tweaks-and-technicals-align">Small Caps, Big Comeback? ETFs Betting On America&#8217;s Underdogs As Tax Tweaks And Technicals Align</a></li>
</ul>
Photo: Shutterstock

Specialty ETFs

Tech

ETFs

NITE

TESL

TSLA

Tesla's Earnings Flop Trips Up These ETFs

A weakening U.S. dollar is discreetly helping <a href="https://www.benzinga.com/etfs">some ETFs</a> to outperform their size during this earnings season, particularly those comprised of globally exposed American titans. 
But before investors get caught up in the greenback-driven glow, experts caution: all that moves isn&#8217;t necessarily real growth.
Also Read:<a href="https://www.benzinga.com/markets/bonds/25/07/46488992/us-dollar-can-lose-its-supremacy-premium-if-fed-interferes-with-bond-market-currencies-are-release-valve-for-unsustainable-fiscal-policy"> US Dollar Can Lose Its &#8216;Supremacy Premium&#8217; If Fed Interferes With Bond Market: Currencies Are &#8216;Release Valve For Unsustainable Fiscal Policy&#8217;</a>
<h2 class="wp-block-heading">The Dollar&#8217;s Slump And The ETF Sweet Spot</h2>
The U.S. dollar has fallen about 10% this year, battered by trade policy whiplash, debt worries, and decelerating growth, per a Reuters report. That weakness has boosted foreign earnings for multinational U.S. companies, and by proxy, juiced the payouts of ETFs that own them.
Industry ETFs such as the Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>), SPDR Industrial Select Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) and iShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>) are in the sweet spot. These funds allocate heavily to firms generating substantial revenue overseas, which are now profiting from favorable currency translation.
For instance, VCR component PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) stated the dollar downturn assisted it in projecting a <a href="https://www.benzinga.com/markets/earnings/25/07/46463845/pepsico-delivers-the-fizz-in-q2-sweetens-outlook-on-subdued-dollar-headwind">less-than-anticipated annual profit decline</a>, the Reuters report noted. XLI component 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) reported a <a href="https://www.benzinga.com/markets/earnings/25/07/46491058/post-it-maker-3m-defies-tariff-headwinds-with-strong-q2-and-outlook-boost">profit beat in Q2 </a>with FX gains doing some heavy lifting.
<h2 class="wp-block-heading">Why the Market Isn&#8217;t Celebrating (Yet)</h2>
Even though FX is benefiting the bottom line, investors do not trust it. Wall Street typically discounts foreign exchange-driven earnings surprises as optical, not fundamental.
This is particularly applicable to ETF investors who might believe they&#8217;re surfing a trend, only to realize it&#8217;s all flash, no substance. Constant-currency beats, those FX-adjusted, tend to get more rewarded than FX-led ones, says Goldman Sachs.
What does it mean? Don&#8217;t expect a lift in earnings to be followed by a lift in ETF prices unless it&#8217;s preceded by actual demand growth.
<h2 class="wp-block-heading">When FX Becomes A Tailwind For ETFs</h2>
Still, the impact is real. Based on two decades of data, every 1% depreciation in the dollar improves S&amp;P 500 EPS growth by about 0.6 percentage points, according to LSEG data cited in the Reuters report. That's not nothing, especially for ETFs tracking international-facing sectors.
IYW has experienced indirect support from names like Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which generate over half of their revenues from international locations.
Even thematic ETFs such as the Invesco International BuyBack Achievers ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPKW#NASDAQ">IPKW</a>), which is skewed toward U.S. companies with aggressive foreign strategies, might gain if the dollar is weak.
<h2 class="wp-block-heading">ETFs To Watch If The Dollar Remains Soft</h2>
<ul class="wp-block-list">
<li>VCR (Consumer Discretionary): Large global brands such as Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), and Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).</li>
<li>XLI (Industrials): High exposure to cyclical multinationals with international sales.</li>
<li>IYW (Technology): FX-bolstered cash flow machines such as Microsoft and Apple.</li>
<li>SPY / VOO (S&amp;P 500): Wide, but still ~38% international exposure.</li>
<li>IPKW/ iShares International Select Dividend ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IDV#BATS">IDV</a>): Dividend or buyback ETFs with heavy overseas tilts.</li>
</ul>
<h2 class="wp-block-heading">The Bottom Line</h2>
ETF holders could be quietly profiting from the decline of the greenback, but such gains can disappear as suddenly as they began. Most of these gains are less about consumer enthusiasm and more about currency arithmetic, and that makes all the difference when macro is choppy.
Appreciate the tailwind, by all means. But don&#8217;t confuse a currency flutter with a structural break.
Read Next:<a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46554173/trump-targets-chinas-backdoors-vietnam-and-mexico-etfs-could-pay-the-price"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46554173/trump-targets-chinas-backdoors-vietnam-and-mexico-etfs-could-pay-the-price">Trump Targets China&#8217;s Backdoors—Vietnam And Mexico ETFs Could Pay The Price</a></li>
</ul>
Image: Shutterstock

Currency ETFs

Forex

AAPL

AMZN

iShares Dow Jones International Select Dividend Income Fund

IPKW

iShares Dow Jones US Technology Sector Index Fund

MSFT

NFLX

SBUX

Dollar Down, Multinationals Up: ETFs Riding The FX Wave

As Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is set to announce Q2 results on Wednesday after the close, a herd of ETFs with high concentrations in the EV titan <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">is already revving up</a>. 
With Tesla increasing by more than 42% in the last three months, <a href="https://www.benzinga.com/etfs">ETFs </a>such as the Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>), Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>), and Vanguard Consumer Discretionary Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) are riding high. 
But Tesla&#8217;s earnings preview resembles less of a road trip and more of a pit stop with dismal delivery expectations, declining estimates, and a CEO who&#8217;s prone to detours. Let&#8217;s dissect the ETF scene as the hottest EV stock approaches yet another earnings fork in the road.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/07/46536292/trumps-new-zev-credit-regulations-arent-as-bad-for-elon-musk-says-piper-sandler-tesla-will-still-book-around-3-billion">Trump&#8217;s New ZEV Credit Regulations Aren&#8217;t &#8216;As Bad&#8217; For Elon Musk, Says Piper Sandler: &#8216;Tesla Will Still Book Around $3 Billion…&#8217;</a>
<h2 class="wp-block-heading">ETFs In Play: High-Octane, High-Drama</h2>
<ul class="wp-block-list">
<li>XLY: Tesla is the fund&#8217;s second-largest holding at 16.5%, just behind Amazon. This cap-weighted behemoth is a favorite among macro bulls expecting U.S. consumer resilience with a large TSLA twist. The fund opened higher today.</li>
</ul>
<ul class="wp-block-list">
<li>FDIS: Another index fund, with 13.4% invested in Tesla. Follows the same sector as XLY but with more exposure to mid- and small-cap stocks. The fund was trading higher mid-morning on Tuesday.</li>
</ul>
<ul class="wp-block-list">
<li>VCR: VCR invests 14.5% in Tesla, a slightly more diversified alternative to XLY. Vanguard enthusiasts with a taste for electric vehicles take note. The fund also ticked up on Tuesday.</li>
</ul>
<h2 class="wp-block-heading">Why The Stakes Are High: Tesla&#8217;s Sluggish Q2 Setup</h2>
Even with the recent rally, Tesla&#8217;s Q2 prospects remain on a thin battery. The company is likely to report a 25% YoY fall in earnings and a 13% revenue drop, per FactSet. Analysts are divided, as <a href="https://www.investors.com/news/tesla-stock-market-earnings-upcoming-what-analysts-are-saying/">noted </a>by Investor&#8217;s Business Daily; price targets range from $115 to $500, and the recent stock&#8217;s run-up sets a high bar for earnings to sustain the momentum.
For the sector ETFs, Tesla&#8217;s prospective post-earnings sell-off may be a short-term drag.
<h2 class="wp-block-heading">The X-Factor: Robotaxis And Next-Gen Bets</h2>
Tesla&#8217;s recent rollout of its robotaxi service in Austin could be a turning point. If it works, the maneuver could propel Tesla into a platform company, and something ETF holders would love to see. Autonomous driving, humanoid robots, and Elon Musk&#8216;s promise of &#8220;millions of autonomous Teslas by 2026&#8221; provide just enough flash to keep investors engaged, even if Q2 is disappointing.
These ETFs are all riding in Tesla&#8217;s lane, but whether the speedway or a roadwork zone remains to be seen, based on Q2 earnings and the company&#8217;s ability to steer the story. A soft quarter could deflate TSLA-weighted funds in the near term, or a robotaxi-fueled vision could charge them right back up.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/07/46533223/utility-etfs-back-in-the-spotlight-as-vpu-hits-52-week-high">Utility ETFs Back In The Spotlight As VPU Hits 52-Week High</a></li>
</ul>
Image: Shutterstock

FDIS

Select Sector SPDR-Consumer Discretionary

Tesla's Q2 Earnings Could Be A Shock To These ETFs, Yet They Are Riding The Volts And Jolts

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is back in the headlines, this time with a volatile combination of sagging fundamentals and political drama fueling the narrative. The electric vehicle behemoth delivered a dismal year-over-year delivery decline in company history days before CEO Elon Musk took to social media platform X to announce the creation of a new political party— the America Party.
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46253926/tesla-nvidia-palantir-etfs-dominate-as-traders-pile-into-high-risk-bets-in-june">Tesla, Nvidia, Palantir ETFs Dominate As Traders Pile Into High-Risk Bets In June</a>
The twin developments have unsettled investors and is looming like a dark cloud over a <a href="https://www.benzinga.com/etfs">series of ETFs</a> with significant Tesla holdings. Some ETFs are tracking Tesla&#8217;s fortunes directly; others are pegged to the broader consumer or electric car industries. A closer examination of the most vulnerable ETFs follows, along with how they&#8217;re responding:
<h2 class="wp-block-heading">ETF Exposure: Who&#8217;s Feeling The Musk Effect Most?</h2>
Simplify Volt TSLA Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TESL#NYSE">TESL</a>)
Tesla Weighting: ~50%
Characteristic: Extremely volatile; mirrors TSLA&#8217;s fluctuations
TESL is a high-conviction Tesla-targeted ETF, designed to surf, or withstand, the Tesla tsunami. It feeds on Tesla&#8217;s innovation story, with autonomy and AI. But in 2025, that trust is being challenged. Amid delivery downtrends and political curveballs, the fund has been finding it difficult to gain traction.
The stock crashed more than 7% today morning.
Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)
Tesla Weighting: ~16% (second-largest position behind Amazon)
Characteristic: Deteriorating in recent weeks
As Tesla marches, so does XLY, at least to some degree. The ETF&#8217;s emphasis on large U.S. consumer discretionary players makes it vulnerable to Tesla&#8217;s performance, particularly considering the carmaker&#8217;s size in the index. Weak deliveries are a structural blow, and Musk&#8217;s volatile behavior introduces narrative risk.
The stock is down more than 1.1% in the early hours of regular trading today.
Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>)
Tesla Weighting: between 12–16%
Characteristic: Slightly in the red after paring April&#8217;s losses
VCR gives wider exposure through the consumer discretionary universe but is still top-heavy in Tesla. It is less sensitive than TESL or XLY but still susceptible to any persistent underperformance in the EV sector or changes in consumer demand sentiment.
The stock is down 1.2% in the morning trading hours today.
<h2 class="wp-block-heading">Tesla&#8217;s Sharp YoY Global Vehicle Delivery Decline</h2>
Tesla sold 384,122 vehicles in Q2 2025, 13.5% lower than a year ago and less than the 387,000 expected by analysts, according to FactSet. Production was also lower, at 410,244 vehicles for the quarter. The decrease was strongest in the Model 3/Y platform, indicating loss of traction in Tesla&#8217;s mainstay products.
With Chinese electric vehicle manufacturers launching competitively priced, regularly updated models, Tesla is now confronted with a tougher global EV battlefield. Its image is also taking a beating in the midst of CEO Musk&#8217;s divisive public image and political activism.
<h2 class="wp-block-heading">Robotaxi: Hope On The Horizon Or Just Hype?</h2>
One silver lining: Tesla&#8217;s much-hyped robotaxi fleet is finally on the road in Austin, Texas. A small number of autonomous Model Y vehicles are currently running, with more extensive rollouts planned later this year. 
Nonetheless, investors are split. Regulation obstacles, safety doubts, and technical implementation issues may hold back the rollout. For Tesla-biased ETFs, the robotaxi play is a high-risk, high-reward swing.
<h2 class="wp-block-heading">Musk&#8217;s Political Pivot: A New Party, A New Problem</h2>
As if it wasn&#8217;t complicated enough to navigate the EV space, Musk has ventured into American politics. The America Party, which was announced on X following a poll of his followers, is positioned as an anti-establishment option. But the political foray has spooked Tesla observers and ETF issuers alike.
Case in point: the Azoria Tesla Convexity ETF, which was supposed to debut with a strategy targeting Tesla stock and options, <a href="https://www.benzinga.com/etfs/new-etfs/25/07/46268650/musks-political-ambition-derail-tesla-etf-launch-by-azoria-partners-elon-left-us-with-no-other-choice">has been put on hold indefinitely</a>. Azoria CEO James Fishback pointed to Musk&#8217;s political distraction and incendiary timing as top red flags for institutional investors.
Tesla stock fell more than 7% today morning, as Wall Street is attempting to determine how Musk&#8217;s political aspirations will impact his day job(s).
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46267743/tesla-shares-fall-over-5-in-overnight-trading-as-elon-musk-jumps-back-into-politics">Tesla Shares Fall Over 5% In Overnight Trading As Elon Musk Jumps Back Into Politics</a></li>
</ul>
Photo: Shutterstock

Tesla Troubles Amplified By Musk's Party Politics: ETFs On Edge

What President Donald Trump announced Friday on Truth Social may mark the sharpest escalation yet in transatlantic trade tensions: a sweeping 50% tariff on all European Union imports starting June 1, blaming a record U.S.-EU trade deficit and what he called &#8220;unfair and unjustified&#8221; <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45585283/trump-tariff-threat-hits-europe-stocks-sink-as-50-duties-loom">barriers to American goods.</a>
Trump said the EU had been "very difficult to deal with," referencing trade deficits of over $250 billion a year and blaming Europe for high corporate penalties, value-added taxes, monetary manipulation and aggressive lawsuits against American companies. 
He indicated that unless goods are produced in the U.S., they should face tariffs of 50%, calling it "totally unacceptable" that such deficits persist.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations,…
&mdash; Trump Posts on &#120143; (@trump_repost) <a href="https://twitter.com/trump_repost/status/1925880933044912276?ref_src=twsrc%5Etfw">May 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">What The US Buys From Europe</h2>
In 2024, the U.S. imported $687 billion worth of goods from the European Union, according to International Trade Centre data. 
The trade deficit reached $236 billion, the largest on record. In March 2025 alone, U.S. imports from the EU were $91.9 billion, with a single-month deficit of $47 billion, nearly double January's, which was the second largest. 
<h3 class="wp-block-heading">Top 10 US Imports From The EU </h3>
In 2024, the top 10 U.S. imports from the European Union included: 
<ol class="wp-block-list">
<li>Pharmaceutical products – $134.7 billion</li>
<li>Machinery and mechanical appliances – $105.1 billion</li>
<li>Vehicles and parts – $72.9 billion</li>
<li>Electrical machinery – $43.6 billion</li>
<li>Commodities (not specified) – $43.5 billion</li>
<li>Optical and medical instruments – $41.2 billion</li>
<li>Organic chemicals – $36.6 billion</li>
<li>Aircraft and spacecraft – $16.9 billion</li>
<li>Mineral fuels and oils – $15.3 billion</li>
<li>Beverages and spirits – $14.2 billion </li>
</ol>
Pharmaceuticals and cars are among the most exposed sectors, with many U.S. firms depending on EU-made inputs. The rising cost of imported components could erode profit margins across industries.
<h3 class="wp-block-heading">Watch These ETFs</h3>
U.S. ETFs exposed to either European stocks or sectors sensitive to import prices could face pressure:
<ul class="wp-block-list">
<li>SPDR EURO STOXX 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>)</li>
<li>Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>)</li>
<li>iShares MSCI Europe Financials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EUFN#NYSE">EUFN</a>)</li>
<li>Themes European Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FINE#NYSE">FINE</a>)</li>
<li>Select STOXX Europe Aerospace &amp; Defense ETF (CBOE: EUAD)</li>
</ul>
<h3 class="wp-block-heading">Could US Services Be The Next Target?</h3>
While Trump's move covers physical goods, the broader U.S.-EU economic relationship is also affected by services. 
According to the European Commission, in 2023:
<ul class="wp-block-list">
<li>The EU imported €427 billion ($478 billion) in U.S. services</li>
<li>The U.S. imported €318 billion ($356 billion) in EU services</li>
</ul>
In a note last month, Goldman Sachs economist Filippo Taddei said the EU could target U.S. digital and pharma services through tools like the Digital Services Act, Enforcement Regulation, and the Anti-Coercion Instrument.
Last week, Goldman Sachs economist Giovanni Pierdomenico said a U.S.-EU deal might be more likely in the final stretch of negotiations.
The U.S. raised three demands: lower EU tariffs and non-tariff barriers, fairer digital regulations, and increased EU purchases of U.S. goods. The EU has responded with zero-for-zero industrial tariffs and offers to cut the trade imbalance.
Still, Pierdomenico estimated that if the U.S. imposed 20% tariffs, Eurozone GDP could drop by 0.4% to 1% by end-2026. A 50% tariff would have far more severe implications.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45584696/trump-threatens-tim-cook-to-manufacture-iphones-in-the-us-or-face-at-least-25-tariffs">Trump Threatens Tim Cook To Manufacture iPhones In US Or Face &#8216;At Least 25%&#8217; Tariffs: AAPL Stock Slides Over 3% In Premarket </a></li>
</ul>
Photo: Shutterstock

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Equities

Government

Macro Economic Events

Regulations

Sector ETFs

Eurozone

Economics

Analyst Ratings

EUAD

iShares MSCI Europe Financials Sector Index Fund

EUFN

FINE

Trump Sparks New Chapter In Transatlantic Trade War: What The US Buys From Europe

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is still one of Wall Street&#8217;s most-watched names, but now it&#8217;s less about innovation and more about crash landings — figuratively speaking. 
With the stock off 33% year-to-date, investors are picking through the wreckage, trying to discern what comes next. A number of <a href="https://www.benzinga.com/etfs">ETFs with major Tesla exposure</a> have been in the hot seat lately, some expecting a bounce, others preparing for more bruises.
Simplify Volt TSLA Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TESL#NYSE">TESL</a>) is arguably the most Tesla-heavy of them all, with a 54% weightage. It actively manages Tesla volatility through options overlays — imagine a high-risk Tesla with a parachute. Whether that parachute deploys in time is anyone&#8217;s guess.
Nightview Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NITE#NYSE">NITE</a>) contains a Tesla weighting of 18.4%, ranking as one of the most exposed to Tesla of all the mainstream funds. For holders of this ETF, headlines on Tesla are more than mere news, these are portfolio-forming events.
Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) isn&#8217;t far behind either, with Tesla contributing 13.3% to its portfolio.
As the stock plunges further and Wall Street analysts cut price targets in anticipation of every earnings season, these ETFs are traversing a rather Musk-ified market risk, one part fundamentals, one part drama.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44957724/tesla-stock-faces-demand-political-tariff-pressure-why-analysts-focus-on-multiple-generational-growth-drivers">Tesla Stock Faces Demand, Political, Tariff Pressure: Why Analysts Focus On &#8216;Multiple Generational Growth Drivers&#8217;</a>
<h1 class="wp-block-heading">Tariffs, Trouble &amp; Tesla&#8217;s Energy Mirage</h1>
Below the stock chart and into the details, Tesla&#8217;s most recent earnings report was a mixed bag. One welcome silver lining? The company&#8217;s energy and storage division, which reported $2.7 billion in revenue, up 67% from last year, with gross profit up a healthy 82%. But the celebration was short-lived.
<a href="https://www.benzinga.com/25/04/44942968/teslas-energy-business-carried-q1now-tariffs-could-kill-the-momentum-as-cfo-says-the-impact-will-be-outsized">CFO Vaibhav Taneja also identified a huge threat</a>: the <a href="https://www.benzinga.com/topic/tariffs">tariff headwinds</a> that endanger the segment. &#8220;The impact of tariffs on the energy business will be outsized since we source LFP battery cells from China,&#8221; he pointed out on the call.
Tesla&#8217;s alternative plan is to commission battery cell production in the country and search for outside-China suppliers. But Taneja conceded, &#8220;it will take time,&#8221; words not necessarily reassuring for investors eager to feed growth.
At the same time, Tesla&#8217;s brand-new <a href="https://in.benzinga.com/25/02/43519412/teslas-first-megafactory-outside-us-to-start-production-on-feb-11-report?_gl=1&#x2A;7umjf6&#x2A;_gcl_au&#x2A;OTE5OTY0NTM4LjE3NDM0MTQxMTE.&#x2A;_ga&#x2A;ZGVsZXRlZA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NTQzNTIyNy4xLjAuMTc0NTQzNTIyNy4wLjAuMA..">megafactory in Shanghai</a> — designed to turbocharge global energy storage manufacturing — has already hit turbulence. New tariffs have thrown a wrench into those overseas expansion plans just months after opening, potentially sidelining the company&#8217;s ambitious 50% growth projection for 2025.
And then there&#8217;s the &#8220;Elon&#8221; of all things. Musk&#8217;s polarizing political image, particularly his heightened profile in the Trump administration, has ignited vitriol — protests, boycotts, even crimes — against the brand. Sales suffered, analysts were doubtful and the company leadership&#8217;s priority seems, well, unfocused.
As Musk publicly attacks tariffs, ironically the same instrument ruining his own company&#8217;s drive into energy, one might have assumed his political stance would finally win out over criticism, and settle down to tidy up the perception mess around core customer segments.
<h1 class="wp-block-heading">What To Watch</h1>
ETF Tweaks: Will high-exposure ETFs rebalance or double down on Tesla? Monitor quarterly reshuffles and options activity.
Energy Segment Headwinds: Advancement on U.S.-based battery manufacturing and alternative suppliers will be paramount to keeping the energy segment afloat.
Geopolitical Shockwaves: Additional tariff ramp-ups or political noises surrounding China-U.S. trade could amplify risks for Tesla — and transmit through ETFs.
Elon&#8217;s Impact: Never underestimate the market-moving ability of a Musk tweet or political shift.
For investors, it&#8217;s a high-voltage waiting game. Whether Tesla recovers or ignites further volatility, one thing&#8217;s certain — the ETFs riding its fate will be anything but dull.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44962489/vix-is-still-wild-but-not-for-long-3-volatility-etfs-to-grab-before-calm-returns">VIX Is Still Wild, But Not for Long: 3 Volatility ETFs To Grab Before Calm Returns</a></li>
</ul>
Photo: Courtesy Tesla Inc.

Global

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Tesla's Energy Division Shines, But ETF Risks Mount Amid Broader Challenges

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Shares of companies in the broader consumer discretionary sector are trading higher after President Trump indicated tariffs against China will be lowered and trade tensions may de-escalate. Tariff concerns have weighed on the sector this year due to their expected impact on consumer spending.

ALUR

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EXPE

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Shares of companies in the broader consumer discretionary sector are trading higher amid Treasury Secretary Scott Bessent's remarks about trade de-escalation with China, which may relieve potential cost pressures for the consumer and lead to an uptick in spending.

In February, <a href="https://www.benzinga.com/topic/third-point">Third Point Investors</a> Limited's share price returned 1.2%, reflecting a narrowing of the discount to NAV from 22.3% to 19.6%.
Meanwhile, Third Point Investors Limited <a href="https://assets.thirdpointlimited.com/f/166217/x/e2eedff364/third-point-investors-limited-february-2025-monthly-report.pdf">returned </a>-2.3% on a NAV basis, underperforming the MSCI World Index (-0.7%) and the S&amp;P 500 Index (-1.3%) for the month. 
Three of Dan Loeb&#8216;s key holdings contributed to February&#8217;s underperformance:
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares dropped around 40% compared to Vanguard Consumer Discretion ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) decline of about 14% YTD.
Third Point LLC held 500,000 shares <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">as </a>of the fourth quarter of 2024, an increase from 400,000 shares <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514624005927/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in </a>the third quarter of 2024.
Major events:
<ul>
<li>In January, Tesla reported fourth-quarter revenue of $25.71 billion, which missed a consensus of $27.26 billion and EPS of 73 cents, <a href="https://www.benzinga.com/news/earnings/25/01/43321103/tesla-q4-earnings-highlights-revenue-miss-eps-miss-ev-updates-automaker-says-2025-will-be-a-seminal" target="_blank" rel="noreferrer noopener">came below estimate of 76 cents</a>.</li>
<li>According to the Wall Street consensus, Tesla is expected to record 422,000 deliveries, up 9% year-on-year in March. However,&nbsp;Gene Munster, the managing partner at Deepwater Asset Management has highlighted in an X post that the &#8220;whisper number&#8221; stands at <a href="https://www.benzinga.com/25/03/44374442/tesla-investors-advised-to-fasten-their-seatbelts-as-this-analyst-expects-march-deliveries-to-take-a-hit-its-still-best-positioned-company-in-physical-ai" target="_blank" rel="noreferrer noopener">375,000, down 3% year-on-year</a>.</li>
<li>Mizuho analysts cut price forecasts from $515 to $430, citing weakening demand and revising delivery forecasts to 1.8 million and 2.3 million for 2025 and 2026, respectively. Analysts also noted significant underperformance in the <a href="https://www.benzinga.com/markets/equities/25/03/44368812/tesla-drops-nearly-5-as-mizuho-cuts-price-target-to-430-peter-schiff-asks-why-is-it-bad-news" target="_blank" rel="noreferrer noopener">U.S., China, and Europe last month</a>.</li>
</ul>
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) stock has fallen 12% YTD compared to a decrease of 3.7% in ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>).
Third Point LLC lowered its stake from 3.70 million shares in the third quarter of 2024. to 3.45 million shares in the fourth quarter of 2024.
Major events:
<ul>
<li>On Feb. 6, the company reported fourth-quarter net sales of $187.8 billion, up 10% year-over-year (Y/Y), which beat a Street consensus estimate of $187.3 billion. EPS of $1.86 also beat a&nbsp;<a href="https://www.benzinga.com/25/02/43545590/amazoncom-q4-earnings-highlights-revenue-beat-eps-beat-most-successful-holiday-shopping-season-in-company-history" target="_blank" rel="noreferrer noopener">consensus estimate of $1.48</a>.</li>
<li>RBC Capital analyst Brad Erickson raised the price forecast from $255 to $265 and said, "While the name is crowded and the AI ‘spend money to make money' debate will undoubtedly continue, the combo of AWS's high margin growth and further network cost efficiencies have the company poised to continue growing earnings <a href="https://www.benzinga.com/news/large-cap/25/02/43673006/dan-loebs-amazon-stake-moves-a-look-at-his-trading-shifts" target="_blank" rel="noreferrer noopener">at a level supportive of this valuation</a>." </li>
</ul>
Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) shares dipped around 14% so far in 2025 compared to VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) decline of 7.8%.
Loeb cut the stake from 49.75 million shares in the third quarter of 2024 to 48.5 million in the fourth quarter of 2024.
Major events:
<ul>
<li>In February, the company reported&nbsp;fourth-quarter&nbsp;results, with an adjusted EPS of&nbsp;$0.31, <a href="https://www.benzinga.com//node/43738960" target="_blank" rel="noreferrer noopener">which&nbsp;was in line with the consensus</a>.</li>
<li>PG&amp;E raised its 2025 adjusted EPS guidance to $1.48 – $1.52 from its previous estimate of $1.47 – $1.51,&nbsp;vs. the&nbsp;<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">consensus estimate of $1.49</a>.</li>
<li>The company targets a dividend payout ratio of around 20% of core earnings by 2028.</li>
<li>Morgan Stanley analyst Stephen Byrd downgraded PG&amp;E from Equal-Weight to Underweight and lowered the price <a href="https://www.benzinga.com/quote/PCG/analyst-ratings">forecast from&nbsp;$20&nbsp;to&nbsp;$16.5</a>.</li>
<li>The company stated that it is planning to support approximately 5.5 gigawatts (GW) of new data center energy&nbsp;<a href="https://www.benzinga.com/pressreleases/25/02/n43713032/pg-e-accelerating-connection-of-new-data-centers-throughout-northern-and-central-california" target="_blank" rel="noreferrer noopener">demand over the next decade</a>.&nbsp;</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/mid-cap/25/03/44261077/dan-loeb-pulls-the-plug-on-bath-body-works-stake-as-sales-decline" target="_blank" rel="noreferrer noopener">Dan Loeb Pulls Plug On Bath &amp; Body Works Stake As Sales Decline</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Large Cap

Hedge Funds

ONLN

Dan Loeb's Portfolio Feels The Strain As Tesla, Amazon, PG&E Lose Ground

The U.S. retail market had a bit of a rollercoaster start to 2025. February <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44355195/retail-sales-rebound-less-than-expected-in-february-online-healthcare-spending-show-strong-gains">retail sales</a> <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44355195/retail-sales-rebound-less-than-expected-in-february-online-healthcare-spending-show-strong-gains">edged up a modest 0.2%</a>, but that came after a steep downward revision for January, which now clocks in at a 1.2% decline. Economists were looking for a more robust bounce-back of about 0.6%, but consumer spending couldn&#8217;t quite match it.
For investors, this is a key question: what does this imply for <a href="https://www.benzinga.com/etfs">retail-oriented ETFs</a>? Because these ETFs follow the performance of retail stocks, they can take a hit from changes in consumer consumption. Let&#8217;s look at how recent retail data may affect these ETFs and what to expect next.
How Retail ETFs Are Reacting
Retail ETFs such as the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>) and VanEck Retail ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTH#NASDAQ">RTH</a>) provide investors with broad exposure to the industry. When consumers are spending more, these ETFs perform well. But when sales are weak, the effect can be uneven based on what is behind the numbers. In the past month, XRT has dipped as much as 13.93% and RTH, 7.42%.
February&#8217;s softer-than-expected growth might cause some short-term volatility, but not every sector of retail is suffering. Online shopping and health-related retail strength might see some ETFs perform better than others.
Also Read: <a href="https://www.benzinga.com/personal-finance/25/03/44360075/retail-giant-target-which-relies-on-china-for-30-of-its-merchandise-warns-of-profit-hit-as-trumps-trade-war-bites">Retail Giant Target, Which Relies On China For 30% Of Its Merchandise, Warns Of Profit Hit As Trump&#8217;s Trade War Bites</a>
Here&#8217;s a closer examination:
XRT, an equal-weighted fund, might come under some pressure because it distributes investments among a broad spectrum of retailers, some of which are suffering.
RTH, which relies more heavily on the likes of Amazon and Walmart, might fare better with the continued e-commerce strength.
Vanguard Consumer Discretionary Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>), which is exposed to brick-and-mortar as well as online stores, may have mixed results based on how various retail categories perform.
Dissecting The Retail Sales Figures
Based on the most recent U.S. Census Bureau report, here&#8217;s how retail sales held up:
<ul>
<li>February sales increased 0.2%—a modest increase but not the recovery economists were looking for.</li>
<li>January sales were revised to a 1.2% decline, emphasizing a softer beginning to the year.</li>
<li>Year-over-year, retail sales increased 3.1%, decelerating from the prior 3.9%.</li>
</ul>
Not all categories fared poorly, however. Online stores experienced a 2.4% increase in sales, demonstrating ongoing demand for e-commerce.
Health and personal care stores reported a 1.7% increase.
Excluding auto sales and gasoline stations, retail sales actually increased 0.5%, higher than the expected 0.4%.
The control group measure, which removes more erratic sectors, increased 1%, a robust bounce back from January&#8217;s 1% fall.
A number of factors probably held down consumer spending. 
<ul>
<li>Inflation is continuing to nibble at purchasing power, so shoppers are being more careful. </li>
<li>Increased interest rates might be deterring major purchases.</li>
<li>January&#8217;s weakness might have lingered, as shoppers pulled back after the holidays. </li>
<li>Changing consumer spending, with greater emphasis on necessities over discretionary goods.</li>
</ul>
While the disappointing top-line number is concerning, there are some silver linings in sight. The fact that online sales were strong indicates that e-commerce retailers continue to draw shoppers. That&#8217;s a plus for ETFs that have heavy exposure to e-commerce stocks.
What&#8217;s Next For Retail ETFs?
While retail sales missed the mark, sector-specific strength—particularly in e-commerce—may cushion the blow for some ETFs. Investors will want to watch inflation, interest rates, and overall consumer sentiment in the months ahead.
For those who want to ride out possible volatility, diversification within the retail space may be the way to go. Although broad retail ETFs may face some stress, those funds that have greater exposure to well-performing sub-sectors such as e-retail and medical products could be in better shape in the near term.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44363430/covered-call-etfs-a-smart-income-play-in-volatile-markets">Covered Call ETFs: A Smart Income Play In Volatile Markets</a></li>
</ul>
Photo: Shutterstock

Merrill Lynch Retail HOLDRS Trust due 12/31/41

Consumer Spending Stumbles: Time To Buy The Dip In Retail ETFs?

Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock is facing a sharp decline, and <a href="https://www.benzinga.com/etfs">ETFs with significant exposure</a> to the EV giant are experiencing pressure. With declining European sales, earnings below expectations, and scrutiny on CEO Elon Musk's leadership, Tesla&#8217;s challenges are impacting many ETFs and testing investor confidence.
Leveraged ETFs have taken an especially hard hit. For instance, the Simplify Volt TSLA Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TESL#NYSE">TESL</a>) has tumbled 44% since Dec. 17, 2024, when Tesla last peaked.
While leveraged products are seeing the most dramatic swings, broad-market and sector ETFs with significant Tesla holdings are also feeling the pain. Here are some of the hardest-hit funds:
Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) has tumbled 12.2% since Dec. 17. The ETF has a 17.30% weighting in Tesla.
With a 15.9% weighting in Tesla, Nightview Fund NITE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NITE#NYSE">NITE</a>) has been affected by Tesla's recent decline. The ETF has fallen 10.3% during the same period.
Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) has allocated 13.32% of its assets under management to Tesla. This ETF has seen an 11.3% decline since the EV maker&#8217;s December peak.
Another group facing the fallout? Investors in South Korea, who have heavily bet on leveraged Tesla products. According to Bloomberg News, Korean <a href="https://www.bloomberg.com/news/articles/2025-02-28/tesla-s-40-plunge-burns-koreans-who-plowed-into-leveraged-etfs">investors </a>were the largest holders of the Leverage Shares 3x Tesla ETP, a product designed to deliver three times Tesla's daily returns. The catch? The ETP has lost more than 80% since its December high, mirroring Tesla's 41% plunge over the same period. The losses have prompted local brokerage Mirae Asset Securities Co. to suspend orders for some of the riskiest leveraged ETPs.
What's Driving Tesla's Decline?
Shares of Tesla have fallen roughly 40% from their late 2024 high, including a 17% drop this week. The downturn comes as Tesla faces declining European sales, earnings below expectations, and investor concerns over CEO Elon Musk's political involvement. The broader market has also been under pressure.
What's Next for Tesla And Affected ETFs?
For now, <a href="https://www.benzinga.com/trading-ideas/technicals/25/02/44043021/tesla-the-only-magnificent-seven-stock-in-freefall-can-it-reverse-course">catalysts for a Tesla turnaround appear scarce</a>. Analysts don't expect any major updates on its fully self-driving vehicle plans soon, and competition is heating up, said another <a href="https://finance.yahoo.com/news/tumbling-tesla-shares-leave-investors-103000445.html">report </a>by Bloomberg. China's BYD Co. recently announced it would offer advanced driver-assistance features on nearly all future models at no extra cost.
The significant overvaluation of the stock is another worry. Tesla is trading at 95.24 times forward earnings (per&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent022825&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data), far above the S&amp;P 500's 21x average, and this is keeping investors cautious. Options traders are also bracing for more downside, as they are now paying the highest premium for protection against further declines since last August's market rout, noted Bloomberg.
Still, Tesla has a history of defying expectations. As David Mazza, CEO of Roundhill Financial, told Bloomberg, "We expect Tesla to remain under near-term pressure as investors weigh the benefits of Musk's ‘First Buddy' premium with the reality of their EV business struggling in strategically important markets."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/02/43986236/how-nvidias-q4-earnings-could-impact-major-etfs">How Nvidia&#8217;s Q4 Earnings Could Impact Major ETFs</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Broad U.S. Equity ETFs

Tesla's Sharp Drop Sends Shockwaves Through These ETFs

Shares of retail and consumer discretionary ETFs are trading lower following weaker-than-expected consumer confidence data. The sector was also under pressure last week following weak outlook from Walmart.

With Tesla Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fourth-quarter earnings set to be unveiled after the market closes Wednesday, all eyes are on how the electric carmaker's performance <a href="https://www.benzinga.com/etfs">might affect the ETFs</a> with large allocations in the company. 
Tesla has been a powerhouse for several high-profile ETFs, and as it prepares to report its latest results, these funds are drawing investor attention.
Simplify Volt TSLA Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TESL#NYSE">TESL</a>) employs an active management strategy focused on capturing Tesla's price movements while managing downside risks with advanced options. It has $20.8 million in assets and a 1.20% expense ratio. The ETF&#8217;s price has returned 131.58% in the past year.
Another fund closely watching Tesla is the ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), which focuses on companies benefiting from technological advancements in energy, automation, and transportation. Tesla, holding a dominant 13.7% of the fund, leads a basket of 36 stocks. This fund charges a fee of 0.75%. 
Also noteworthy is the Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>), which allocates about 11% of its assets to Tesla. This ETF, charges a mere 0.10% annual fee.
These ETFs will be keenly watching the company's upcoming earnings to gauge the stock&#8217;s next move.
Also Read: <a href="https://www.benzinga.com/news/global/25/01/43251316/tesla-faces-boycott-call-in-poland-over-musks-wwii-comments">Tesla Faces Boycott Call In Poland Over Musk&#8217;s WWII Comments: &#8216;No Normal Pole Should Buy&#8217;</a>
<h3 class="wp-block-heading">Tesla's Q4 Earnings Preview</h3>
Tesla has been riding high, with shares soaring about 51% over the past three months.
Tesla&#8217;s fourth-quarter revenues are expected to come at $27.13 billion, up from $25.17 billion in last year&#8217;s fourth quarter, and earnings per share at 74 cents, up from 71 cents, according to data&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012825&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.
At this point, it is important to recall that Tesla&#8217;s delivery numbers missed analyst expectations for the fourth quarter, with the company delivering 495,570 vehicles—just shy of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42777950/teslas-first-sales-drop-splits-wall-street-2025-will-be-the-prove-it-year">the 498,000 expected.</a>
The company&#8217;s delivery shortfall marked the first-ever year-over-year decline in its full-year vehicle deliveries.
The rollout of cheaper EV models and investments in AI projects further bolster Tesla's long-term prospects, even as the company faces increased competition and a challenging global market.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43289930/tesla-q4-earnings-preview-2025-delivery-growth-fsd-model-y-refresh-new-vehicles-among-key-topics">Tesla's upcoming results</a> are crucial not just for the company itself, but also for the ETFs heavily invested in its stock.
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43307113/2-etfs-that-help-investors-avoid-sanctioned-securities">2 ETFs That Help Investors Avoid Sanctioned Securities</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

ARKQ

Tesla's Q4 Results Could Shake Up These 3 ETFs

On Wednesday, Amazon.com&nbsp;Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/amazon" rel="noreferrer noopener">announced that it</a> was withdrawing its operations in Quebec, Canada, and losing about 1,700 full-time jobs.
The move will also affect approximately 250 seasonal workers. Amazon agreed to compensate for the loss with a package including up to 14 weeks&#8217; pay and job placement resources, Reuters cites Amazon spokesperson Barbara Agrait.
The American e-commerce giant&#8217;s move followed U.S. President Donald Trump&#8217;s threat to slap <a target="_blank" href="https://www.benzinga.com/25/01/43101141/chinese-stocks-rally-after-trump-skips-tariff-threats-boosting-market-optimism" rel="noreferrer noopener">25% tariffs on</a> imports from Canada and Mexico on February 1.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42216863/nvidia-intel-suppliers-rethink-mexico-operations-amid-trumps-tariff-threat" rel="noreferrer noopener">Nvidia, Intel Suppliers Rethink Mexico Operations Amid Trump&#8217;s Tariff Threat</a>
Amazon has seven sites in Quebec, including sorting centers and warehouses, most of which are in the Montreal area.
Over the next two months, Amazon will phase out operations across seven sites in the province, the only location in Canada with unionized Amazon employees. To save costs, it will return to a third-party delivery model.
According to a CTV news report, Amazon <a target="_blank" href="https://www.ctvnews.ca/montreal/article/amazon-is-ceasing-operations-in-quebec/" rel="noreferrer noopener">had lost the challenge</a> against workers to unionize in the labor tribunal in October.
In 2023, Amazon Web Services (AWS) launched <a target="_blank" href="https://www.benzinga.com/news/23/12/36321525/amazons-aws-unveils-major-expansion-in-canada-a-gateway-to-unprecedented-growth-and-opportunities" rel="noreferrer noopener">its second infrastructure</a> region in Canada, the AWS Canada West (Calgary) Region.&nbsp;
The Amazon cloud unit released an economic impact study projecting a $17.9 billion investment in Canada through 2037, surrounding the new Calgary region and the existing Quebec region, supporting over 9,300 full-time equivalent jobs annually.&nbsp;
Amazon stock surged 51% in the last 12 months. Investors can gain exposure to the stock through Vanguard Consumer Discretion ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) and SPDR Select Sector Fund &#8211; Consumer Discretionary (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>).
Price Action: AMZN stock traded lower by 0.32% to $234.25 premarket at the last check on Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/01/43139410/softbanks-role-in-500-billion-stargate-ai-venture-seen-as-major-growth-driver-analyst-says" target="_blank" rel="noreferrer noopener">SoftBank&#8217;s Role in $500 Billion Stargate AI Venture Seen as Major Growth Driver, Analyst Says</a></li>
</ul>
Image Via Shutterstock

News

Media

Amazon To Shut 7 Quebec Fulfillment Centers, Axe Around 2,000 Jobs

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;paused <a href="https://www.benzinga.com/topic/drones" target="_blank" rel="noreferrer noopener">commercial drone</a> delivery last Friday in Texas and Arizona to fix the aircraft&#8217;s software.
The suspension followed the crash of two of its latest models at a testing facility in rainy weather, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-01-17/amazon-pauses-drone-deliveries-after-aircraft-crashed-in-rain?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Amazon and Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) have <a target="_blank" href="https://www.benzinga.com/top-stories/24/06/39192891/amazon-vs-walmart-who-will-be-the-first-to-conquer-the-skies-with-drone-delivery" rel="noreferrer noopener">splurged billions to</a> develop drone delivery technology. Amazon created the technology in-house while Walmart collaborated with Zipline and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s Wing.
Also Read: <a href="https://www.benzinga.com/tech/25/01/43008511/broadcoms-latest-san-switch-offers-scalable-energy-efficient-solution-for-growing-storage-demands" target="_blank" rel="noreferrer noopener">Broadcom&#8217;s Latest SAN Switch Offers Scalable, Energy-Efficient Solution for Growing Storage Demands</a>
Drone delivery services will likely become a&nbsp;$10 billion industry&nbsp;by the decade&#8217;s end.
Amazon&#8217;s drone operation <a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/39093895/amazons-drone-program-to-expand-with-new-faa-clearance-whats-on-the-move" rel="noreferrer noopener">aims to deliver</a> 500 million packages annually by the decade&#8217;s end.
Eleven years ago, Amazon founder&nbsp;Jeff Bezos&nbsp;shared plans to build drones capable of delivering products to customers in less than half an hour.
In December, two MK30 drones crashed during flights at the airport in Pendleton, Oregon, which Amazon uses for testing.
The company later discovered a software issue that caused the accident.
The MK30 drones, cleared to commence operations by the Federal Aviation Administration in October, have delivered packages to customers&#8217; homes in College Station, Texas, and Tolleson, Arizona.
Amazon representative Sam Stephenson told Bloomberg that deliveries will resume after the FAA approval.
Stephenson emailed Bloomberg, stating Amazon&#8217;s drones continued to deliver safely and within federal guidelines between the December crashes and Friday&#8217;s halt.
In December, the company completed its <a href="https://www.benzinga.com/news/23/10/35323630/amazons-drone-delivery-service-to-extend-to-uk-and-italy" target="_blank" rel="noreferrer noopener">first test flight</a> in Italy and plans to expand its service this year. It is also targeting the start of deliveries in the U.K.
Goldman Sachs&#8217; Eric Sheridan <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42899163/goldman-sachs-analyst-is-bullish-on-amazon-but-not-ebay-or-etsy" target="_blank" rel="noreferrer noopener">expressed optimism about</a> Amazon&#8217;s customer loyalty, backed by its subscription. The analyst flagged Amazon&#8217;s exposure to less discretionary categories (experiencing volatility in online spending from lower incomes) with high repeat behavior through subscriptions and essentials purchasing.
Amazon stock surged over 48% in the past 12 months. Investors can gain exposure to the stock through ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) and Vanguard Consumer Discretion ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>).
AMZN Price Action: Amazon stock is up 2.42% at $231.42 last check Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/media/25/01/43004444/intel-plans-to-spin-off-5-billion-venture-capital-segment-will-remain-anchor-investor" target="_blank" rel="noreferrer noopener">Intel Plans To Spin Off $5 Billion Venture Capital Segment, Will Remain Anchor Investor</a></li>
</ul>
Photo: Shutterstock

GOOG

GOOGL

Amazon Pauses Drone Deliveries In Texas, Arizona After Crashes, Plans Safety Upgrades

The year of milestones, 2024, has seen an unperturbed rise in the current bull market, which is nearly <a href="https://www.benzinga.com/24/12/42430296/carson-researchs-50-year-study-suggests-that-the-26-months-old-bull-market-is-far-from-over">26 months</a> old. It is higher by more than 70% from the mid-October 2022 lows. As we wrap up the year with the possibility of a &#8216;Santa Rally,&#8217; let&#8217;s recap 2024&#8217;s landmark junctures.
<h3 class="wp-block-heading">Major U.S. Benchmarks Scale Fresh Records</h3>
The S&amp;P 500 Index has made 57 new all-time highs this year, hitting the last one on Dec. 6, 2024. Also, &#8220;2024 would go down as the best election year return ever,&#8221; said Ryan Detrick, the chief market strategist at Carson Research in a note.
&#8220;Going back 50 years, we found five other bull markets that had lasted at least this long and the shortest any of them lasted was five total years. Think of it like a cruise ship — once it gets moving, it can be quite hard to stop,&#8221; added Detrick
While the S&amp;P 500 index was up 25.96% on a year-to-date basis as of Dec. 23 close, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose by 25.82% in the same period.
The Dow Jones Industrial Average index, on the other hand, hit a record eight 1,000-point milestones this year. It started the year around the 37,000 level and breached the 45,000 level at the beginning of December. It took only seven trading days for the index to go from 44,000 to 45,000, the second fastest 1,000-point milestone ever. Following that the index also saw one of its longest 10-day losing streak, the first ever since 1974.
Dow was up 13.77% year-to-date as of the Dec. 23 close, whereas the SPDR Dow Jones Industrial Average ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) gained 13.74% in the same period.
The Nasdaq 100 index which includes all the &#8216;magnificent seven&#8217; stocks, unlike Dow, rose 29.98% year-to-date as Dec. 23 close. The ETF tracking the index, Fidelity NASDAQ Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>) rose by 33.85% in the same period. Whereas, the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose by 29.88% in 2024.
The smallcap index Russell 2000 was up 11.16% over the year, while iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) was up 10.97% in the same period as of the Dec. 23 close.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021350/CHARt-1-INDICES-1024x576.png" alt="" class="wp-image-705432" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021350/CHARt-1-INDICES-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021350/CHARt-1-INDICES-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021350/CHARt-1-INDICES-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021350/CHARt-1-INDICES-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021350/CHARt-1-INDICES.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also: <a href="https://www.benzinga.com/24/12/42430296/carson-researchs-50-year-study-suggests-that-the-26-months-old-bull-market-is-far-from-over">Is The 26-Month Bull Market Over? Here Is What Carson Research&#8217;s 50-Year Old Study Tells Us</a>
<h3 class="wp-block-heading">U.S. Market Trumps The World</h3>
Among the developed economies, the S&amp;P 500 remains the best index with a 25.96% gain on a year-to-date basis, outperforming all the other developed market indices.
While the <a href="https://x.com/RyanDetrick/status/1871317802306707882">first </a>year of a new president&#8217;s term has usually been strong since 1897, the returns during year one of a second term haven&#8217;t been very good overall, said Detrick.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Returns during year one of a second term haven&#39;t been very good overall, but way better lately. Down 5 in a row, but now up 4 in a row. &#x1f914; <a href="https://t.co/aUrCbf22Gw">pic.twitter.com/aUrCbf22Gw</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1871320275129967103?ref_src=twsrc%5Etfw">December 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Developed Markets</td>
<td>Indices</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>United States</td>
<td>S&amp;P 500</td>
<td>25.96%</td>
</tr>
<tr>
<td>Germany</td>
<td>DAX</td>
<td>18.36%</td>
</tr>
<tr>
<td>Japan</td>
<td>Nikkei 225</td>
<td>17.27%</td>
</tr>
<tr>
<td>Hong Kong</td>
<td>Hang Seng</td>
<td>19.71%</td>
</tr>
<tr>
<td>Spain</td>
<td>IBEX 35</td>
<td>12.31%</td>
</tr>
<tr>
<td>United Kingdom</td>
<td>FTSE 100</td>
<td>4.94%</td>
</tr>
<tr>
<td>Switzerland</td>
<td>Swiss Market</td>
<td>2.85%</td>
</tr>
<tr>
<td>France</td>
<td>CAC 40</td>
<td>-3.43%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">(As Of Dec. 23 Close)</figcaption></figure>
<h3 class="wp-block-heading">Communication, Consumer Discretionary, And Technology Lead Gains In 2024</h3>
Tracking the exchange-traded funds that track the major sectors in the U.S. market, communication services emerged as the top sector for the year, followed by consumer discretionary and technology. The information technology sector has the highest weight of 31.3% in the S&amp;P 500, followed by financials a t13.9%.
BlackRock said that they see technology companies&#8217; earnings performing well in 2025. &#8220;We are overweight as the AI theme and earnings growth broaden. Valuations for AI beneficiaries are supported by tech companies delivering on earnings.&#8221;
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Cyclical Sectors</td>
<td>ETFs</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>Communication Services</td>
<td>Communication Services Select SPDR ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>35.97%</td>
</tr>
<tr>
<td>Consumer Discretionary</td>
<td>Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>)</td>
<td>27.21%</td>
</tr>
<tr>
<td>Technology</td>
<td>Technology Select Sector SPDR ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>27.01%</td>
</tr>
<tr>
<td>Financials</td>
<td>Invesco S&amp;P 500 Equal Weight Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPF#NYSE">RSPF</a>)</td>
<td>23.48%</td>
</tr>
<tr>
<td>Industrials</td>
<td>Vanguard Industrials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIS#NYSE">VIS</a>)</td>
<td>17.80%</td>
</tr>
<tr>
<td>Real Estate</td>
<td>Real Estate Select Sector SPDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>0.27%</td>
</tr>
<tr>
<td>Materials</td>
<td>Materials Select Sector SPDR Fund (ARC: XLB)</td>
<td>-0.37%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">(As Of Dec. 23 Close)</figcaption></figure>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021831/Chart-2.1-cyclical-sectors-1024x576.png" alt="" class="wp-image-705439" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021831/Chart-2.1-cyclical-sectors-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021831/Chart-2.1-cyclical-sectors-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021831/Chart-2.1-cyclical-sectors-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021831/Chart-2.1-cyclical-sectors-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24021831/Chart-2.1-cyclical-sectors.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">Trump&#8217;s Deregulation Efforts To Benefit Energy, Oil And Gas Sectors, While AI Frenzy Will Boost FAANG Stocks And Nvidia, Says Fintech Insider</a>
Among the defensive sectors, utilities emerged as a winner, whereas energy was an underperformer. Consumer staples, energy, and utilities take up 5.7%, 3.4%, and 2.5% weight, respectively in the S&amp;P 500 index.
As per Morgan Stanley, the energy sector faces a divided future. Trump's deregulation could benefit traditional energy, but the outlook for oil is uncertain due to potential oversupply and weak global demand, especially from China. In contrast, natural gas may see growth from strong European demand and increased domestic use for electrification and AI-powered data centers. The clean energy sector could face challenges, if Trump rollbacks Biden's 2022 Inflation Reduction Act tax credits. However, a full repeal seems unlikely due to the benefits for Republican states.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Defensive Sectors</td>
<td>ETFs</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>Utilities</td>
<td>Vanguard Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VPU#NYSE">VPU</a>)</td>
<td>18.23%</td>
</tr>
<tr>
<td>Consumer Staples</td>
<td>Vanguard Consumer Staples ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDC#NYSE">VDC</a>)</td>
<td>10.04%</td>
</tr>
<tr>
<td>Healthcare</td>
<td>Vanguard Health Care ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VHT#NYSE">VHT</a>)</td>
<td>0.63%</td>
</tr>
<tr>
<td>Energy</td>
<td>The Energy Select Sector SPDR ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>-0.96%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">(As Of Dec. 23 Close)</figcaption></figure>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022041/Chart-2.2-defensive-sectors-1024x576.png" alt="" class="wp-image-705442" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022041/Chart-2.2-defensive-sectors-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022041/Chart-2.2-defensive-sectors-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022041/Chart-2.2-defensive-sectors-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022041/Chart-2.2-defensive-sectors-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022041/Chart-2.2-defensive-sectors.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">Top S&amp;P 500 Performers In 2024</h3>
Palantir was the top performer within the S&amp;P 500 index this year, as it zoomed 386.67% year-to-date, as of Dec. 23 close. Vistra and Nvidia followed Palantir to advance 269.82% and 189.95% in the same period.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>S&amp;P 500 Stocks</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td>386.67%</td>
</tr>
<tr>
<td>Vistra Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</td>
<td>269.82%</td>
</tr>
<tr>
<td>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>189.95%</td>
</tr>
<tr>
<td>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>)</td>
<td>162.80%</td>
</tr>
<tr>
<td>Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>)</td>
<td>148.04%</td>
</tr>
<tr>
<td>United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)</td>
<td>144.30%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>114.07%</td>
</tr>
<tr>
<td>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>)</td>
<td>113.03%</td>
</tr>
<tr>
<td>Targa Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>)</td>
<td>106.40%</td>
</tr>
<tr>
<td>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>)</td>
<td>105.73%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">(As Of Dec. 23 Close)</figcaption></figure>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022228/Chart-3-top-performers-of-SPY-1024x576.png" alt="" class="wp-image-705446" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022228/Chart-3-top-performers-of-SPY-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022228/Chart-3-top-performers-of-SPY-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022228/Chart-3-top-performers-of-SPY-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022228/Chart-3-top-performers-of-SPY-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022228/Chart-3-top-performers-of-SPY.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">U.S. Dollar Surges Over 6% In 2024</h3>
The Dollar index was up 6.72% year-to-date with a 52-week range of 100.1570 to 108.5410 per unit. If the Greenback can hold on to these gains, the currency would leave behind the second-best year since 2015.
The UDS&#8217;s demand has been rising due to the &#8220;Uncertainties arising from expected Trump's policies and hawkish comments from the Fed towards rate cycle,&#8221; said Kunal Sodhani, vice president of the global trading center at Shinhan Bank.
According to Franklin Templeton, &#8220;The Fed easing cycle will be a dominant factor for the USD. The two main comparisons we draw against the Fed cyclically, interest-rate-wise, are emerging markets, and Japan.&#8221;
WisdomTree Bloomberg US Dollar Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USDU#NYSE">USDU</a>) was up 13.24% on a year-to-date basis, as of Dec. 23 close, where as Invesco DB US Dollar Index Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) advanced by 7.21% in the same period.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022447/Chart-4-Dollar-ETFs-1024x576.png" alt="" class="wp-image-705448" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022447/Chart-4-Dollar-ETFs-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022447/Chart-4-Dollar-ETFs-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022447/Chart-4-Dollar-ETFs-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022447/Chart-4-Dollar-ETFs-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24022447/Chart-4-Dollar-ETFs.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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AVGO

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NVDA

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XLRE

S&P 500 Hits 57 All-Time Highs In Record-Breaking 2024: Magnificent 7 Drive 30% Of Nasdaq's Surge

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has raised the <a href="https://www.benzinga.com/markets/equities/24/09/40912814/amazon-told-its-staff-they-must-come-to-office-five-days-a-week-but-its-primary-healthcare-subsi">pay for hourly workers</a> at its U.S. fulfillment centers and transportation operations, the retail giant announced on Wednesday.
&#8220;Earlier today,&nbsp;I visited one of our sites near Salt Lake City to share some news with our teammates there—that we're making a significant new investment in pay and benefits for the hourly front-line employees across our fulfillment and transportation network,&#8221; Udit Madan, vice president of Amazon Worldwide Operations, wrote in the company&#8217;s newsletter.
He said Amazon&#8217;s front-line team will receive an hourly pay raise of $1.50 starting this month to bring the average base wage to $22 per hour. This will bring average total compensation, which includes benefits, to $29 per hour, he said.
&#8220;This is an increase of $3,000 a year on average for full-time employees who work a 40-hour week,&#8221; he wrote.
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40904271/whats-going-on-with-amazon-stock">What&#8217;s Going On With Amazon Stock?</a>
&#8220;And as one of the largest private employers in the country (we now have more than 800,000 people in these roles across the U.S.), this pay increase equals a total investment of more than $2.2 billion in our team.&#8221;
Amazon&#8217;s benefits include pre-paid college tuition, flexible working hours, a Prime membership, health insurance from the first day on the job and dental coverage.
&#8220;As I told the team this morning, this is just one way to say thank you for all they do,&#8221; Madan wrote.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) and Google, which is owned by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) offer <a href="https://www.benzinga.com/news/23/06/32679188/silicon-valleys-salary-showdown-unveiling-how-much-top-talent-at-apple-microsoft-and-google-get-paid-1">six-figure salaries</a> for managers and engineers.
Just over a year ago, the United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) and the Teamsters Union ratified a <a href="https://www.benzinga.com/news/large-cap/23/08/33995076/ups-and-teamsters-seal-the-deal-ensures-170-000-per-year-for-drivers-the-next-5-years">five-year contract</a> that ensures $170,000 per year for drivers over the next five years.
Price Action: Amazon gained 0.1% to $187.11 at the time of publication Wednesday.
Exchange-traded funds that hold the stock also trended upward.
<ul>
<li>ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) gained 1.32%.</li>
<li>Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>) rose 0.72%.</li>
<li>Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) went up 0.81%.</li>
<li>Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) gained 0.67%.</li>
<li>ProShares Long Online/Short Stores ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLIX#NYSE">CLIX</a>) ticked up 0.68%.</li>
</ul>
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Photo: Shutterstock

CLIX

Amazon Joins UPS In Raising Hourly Pay As Worker Compensation Trends Upward

Launched on 10/21/2013, the Fidelity MSCI Consumer Discretionary Index ETF (ARCA:FDIS) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Broad segment of the equity market.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Consumer Discretionary - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 11, placing it in bottom 31%.
<h2>Index Details</h2>
The fund is sponsored by Fidelity. It has amassed assets over $1.70 billion, making it one of the largest ETFs attempting to match the performance of the Consumer Discretionary - Broad segment of the equity market. FDIS seeks to match the performance of the MSCI USA IMI Consumer Discretionary Index before fees and expenses.
The MSCI USA IMI Consumer Discretionary Index represents the performance of the consumer discretionary sector in the U.S. equity market.
<h2>Costs</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.08%, making it the least expensive product in the space.
It has a 12-month trailing dividend yield of 0.58%.
<h2>Sector Exposure and Top Holdings</h2>
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund&#39;s holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Consumer Discretionary sector--about 100% of the portfolio.
Looking at individual holdings, Amazon.com Inc accounts for about 20.67% of total assets, followed by Tesla Inc and Home Depot Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hd#NYSE">HD</a>).
The top 10 holdings account for about 55.60% of total assets under management.
<h2>Performance and Risk</h2>
The ETF return is roughly 8.30% so far this year and it&#39;s up approximately 15.69% in the last one year (as of 09/17/2024). In that past 52-week period, it has traded between $64.24 and $86.11.
The ETF has a beta of 1.28 and standard deviation of 25.14% for the trailing three-year period, making it a medium risk choice in the space. With about 275 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Fidelity MSCI Consumer Discretionary Index ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FDIS is a sufficient option for those seeking exposure to the Consumer Discretionary ETFs area of the market. Investors might also want to consider some other ETF options in the space.
Vanguard Consumer Discretionary ETF (ARCA:VCR) tracks MSCI US Investable Market Consumer Discretionary 25/50 Index and the Consumer Discretionary Select Sector SPDR ETF (ARCA:XLY) tracks Consumer Discretionary Select Sector Index. Vanguard Consumer Discretionary ETF has $5.67 billion in assets, Consumer Discretionary Select Sector SPDR ETF has $18.49 billion. VCR has an expense ratio of 0.10% and XLY charges 0.09%.
<a href="https://www.zacks.com/stock/news/2336918/should-you-invest-in-the-fidelity-msci-consumer-discretionary-index-etf-fdis?cid=CS-BENZ-FT-sector_etf-2336918">To read this article on Zacks.com click here.</a>

Dividends

Should You Invest in the Fidelity MSCI Consumer Discretionary Index ETF?

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Andy Jassy&nbsp;is <a href="https://finance.yahoo.com/news/amazon-ceo-andy-jassy-says-213018283.html?fr=yhssrp_catchall">slashing management layers </a>and making employees to return to the office five days a week beginning in January at the world's largest online retailer and cloud-computing company founded by billionaire Jeff Bezos.
The changes, sent in a memo to employees on Monday, would address what company veterans see as unnecessary meetings and layers of approvals just to get things done, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-16/amazon-ceo-wants-workers-in-five-days-a-week-leaner-management?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>.
Each major entity within Amazon must increase the ratio of individual contributors to managers by 15% by the end of March 2025, Jassy said. Changes also include a bureaucracy tipline for employees to raise concerns about unnecessary processes.
Since the pandemic ended, Amazon had required workers to badge in at least three days a week, depending on their team needs. Amazon's new return to office policy will make exceptions for extenuating circumstances or previously approved remote jobs, Jassy said.
Read Also: <a href="https://www.benzinga.com/news/24/09/40877089/jeff-bezos-and-elon-musk-set-to-battle-for-dominance-in-the-sky-amazon-gears-up-to-launch-over-3-000">Jeff Bezos And Elon Musk Set To Battle For Dominance In The Sky: Amazon Gears Up To Launch Over 3,000 Low-Earth Orbit Satellites</a>
Most of Amazon's roughly 1.5 million employees worldwide are hourly employees who retrieve items and ship packages, people for whom remote work was never an option, but the company employs hundreds of thousands of office workers.
The changes may boost downtown foot traffic in cities where Amazon operates, such as Seattle; Bellevue, Washington; Arlington, Virginia; San Francisco; Austin, Texas; Boston; and Nashville, Tennessee.
The company has already tried to get workers back in the office, an effort that workers resisted by arguing the company was inflexible and failed to show data that working in person created better outcomes.
Exchange-traded funds that hold the stock also went down.
<ul>
<li>ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) declined 0.24%.</li>
<li>Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>) fell 1.33%.</li>
<li>Vanguard Consumer Discretionary Index Fund ETF Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) slipped 0.16%.</li>
</ul>
Price Action: Amazon slipped 0.86% to close at $184.89 on Monday.
Read Now:
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Photo: Shutterstock

Amazon To Cut Management Layers, End Work From Home

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) may be regarded by consumers primarily as <a href="https://www.benzinga.com/news/24/09/40751108/whats-going-on-with-amazon-stock-friday">an e-commerce company</a>, given its blue delivery trucks are constantly dropping off packages at people&#8217;s doorsteps, but an analyst begs to differ.
&#8220;Our view is that eCommerce does NOT drive AMZN&#8217;s share price,&#8221; Needham analyst Laura Martin wrote in a note Thursday.
 &#8220;We believe AMZN is a Services company (ie, Advertising, Cloud, Prime Video, etc), NOT a products company, and eCommerce is all about products. Every quarter, we calculate a sum-of-the-parts valuation, and in most quarters we conclude that investors are paying almost nothing for AMZN&#8217;s eCommerce.&#8221;
She noted Amazon&#8217;s net revenue for this year&#8217;s second quarter grew 15% year-over-year to $86.4 billion, accounting for 58% of the company&#8217;s revenue of $148 billion in a three-month period and growing four timers faster than product sales revenue.
She said that quarterly product sales have stagnated at around $61 billion for every quarter since the first quarter of 2021, excluding the fourth quarter of every year.
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&#8220;AMZN&#8217;s services revs have been higher than its product sales for the past 11 quarters, and the gap is widening,&#8221; Martin wrote.
&#8220;We believe that eCommerce is where AMZN came from, but high margin businesses such as Advertising, Cloud, GenAI and other Services are where AMZN is going,&#8221; she added.
Martin pointed out that Amazon&#8217;s eCommerce business is very adaptable to meeting customer needs and is committed to constantly shortening delivery speeds with its &#8220;enormous&#8221; logistics network, but the company realizes significant costs in maintaining same-day delivery.
She attributed the higher costs to fewer items getting sent in a single box, running empty delivery trucks and requiring more gas and trips to pull off the same-day delivery.
&#8220;We believe the financials support the view that AMZN uses its eCommerce business as a loss-leader,&#8221; she said.
&#8220;This notion was supported by several experts who mentioned that AMZN&#8217;s retail strategy has historically centered around maintaining low margins for both 1P and 3P eCommerce business, and then adding higher-margin revenue streams such as Prime subscriptions and advertising, in order to improve profit margins.&#8221;
AMZN Price Action: Amazon gained 0.18% to $184.86 Thursday at publication.
Exchange traded funds that hold the stock mostly trended upwards on Thursday.
<ul>
<li>ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) rose 0.12%</li>
<li>Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>) went up 0.16%</li>
<li>Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) gained 0.28%</li>
<li>Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) edged up 0.24%</li>
<li>ProShares Long Online/Short Stores ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLIX#NYSE">CLIX</a>) slipped 0.38%</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/24/01/36488214/jeff-bezos-encouraged-his-brother-and-sister-to-invest-10-000-in-amazon-their-stake-grew-10-249-900">Jeff Bezos Encouraged His Brother And Sister To Invest $10,000 In Amazon — Their Stake Grew 10,249,900% And Now Potentially Is Worth Over $1 Billion</a></li>
</ul>
Photo: Shutterstock

Retail Sales

Amazon E-Commerce Is A 'Loss-Leader' … Its Real Money Is In 'Services,' Says Analyst

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