From Nasdaq: 2024-04-18 14:00:00

U.S. retail sales exceeded expectations in March, with a 0.7% month-over-month increase, indicating a positive trend after February’s growth. Year-over-year sales rose 3.6%, driven by a strong labor market and higher wage rates. Core retail sales, excluding autos, saw a 1.1% increase month over month.

Non-store retailers experienced an 11.3% year-over-year sales growth in March, with a 2.7% sequential increase. The Amplify Online Retail ETF (IBUY) and Amazon.com (AMZN) are poised to benefit from this trend. General merchandise and grocery stores also saw a 5.7% year-over-year sales increase.

Sales at restaurants and bars rose by 6.5% year over year and 0.4% sequentially. The AdvisorShares Restaurant ETF (EATZ) and CAVA Group Inc. (CAVA) are well positioned to capitalize on this growth. Walmart (WMT) and Consumer Staples Select Sector SPDR ETF (XLP) are also likely to benefit from the increase in general merchandise and grocery store sales.



Read more at Nasdaq: 3 ETF Areas & Stocks to Win on Upbeat March Retail Sales