- SPDR S&P Retail ETF (XRT): which is up 31.8% year-to-date
Despite the aforementioned, it isn’t all gloom on the consumer spending front. One area that is seeing somewhat of an influx of consumer spending is home entertainment. According to a prominent investment analysis firm, by the end of the year, the entertainment sector should see a growth of nearly 2.7%, fueled mainly by digital media, states John Winn of theCelebrityCafe.com.
More and more people are opting to stay home and watch movies rather than go out on the town. As a result, the PowerShares Dynamic Leisure & Entertainment (PEJ) is up 15.9% year-to-date. Among its top holdings are Liberty Media (LMDIA; 5.2%), Disney (DIS; 4.9%) and Discovery Communications (DISCA; 4.7%)
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Kevin Grewal contributed to this article.