ETFs

How to Ride on a Soaring Amazon With ETFs

E-commerce behemoth Amazon AMZN is burning hot lately with shares trading above $3,000 for the first time this week. The stock has gained 63% so far this year and nearly doubled from their mid-March lows. In fact, Amazon is on the forefront of surging interest in online shopping caused by the COVID-19 pandemic.

The company has been largely benefiting from investors’ shift to its online store, cloud computing services, digital media offerings and more amid the pandemic. The trend is likely to continue into the post-pandemic era according to many analysts. Amazon is expected to see a slew of price-target upgrades in the near future and could leap as high as $3,500 over the next 12 months (read: Q2 Earnings Likely To Plunge: Invest in These Sector ETFs).

Additionally, most analysts have raised expectations for second-quarter results as the COVID-19 retail shutdown continues to drive accelerated consumer adoption of online

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3 Hot Sector ETFs to Tide Over the Coronavirus Crisis in Q3

The coronavirus crisis continues to be acute in the United States as the death toll has now crossed 130,000. The infectious diseases expert, Dr. Anthony Fauci has said that United States is “knee-deep” in the first wave of the pandemic even as the number of coronavirus cases has doubled within a week and a half, per a CNN report. The rate of coronavirus infection is being observed to rise in around 32 states with only four states (Connecticut, Kentucky, Massachusetts and New Hampshire) seeing subsiding infection rates, according to Johns Hopkins University data. Given the current situation, at least 24 states have paused or rolled back reopening efforts for some time.

Against this backdrop, we highlight three sectors that make great investment choices:

Biotech ETFs

The race to introduce vaccine and treatment for coronavirus is opening up opportunities, making the biotech sector a prospective space for investments. From vaccine-related positive

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ETFs to Ride the Wave of 3 Key Coronavirus-Led Trends in 2H20

The year 2020 is seeing some new investment areas that became the hottest trends, thanks to the coronavirus outbreak. These trends are largely the by-products of quarantine measures and efforts to minimize the human-to-human contact, which are absolutely necessary to control the pandemic. Notably, new coronavirus cases hit another record high at 50,023 on Jul 1 with around 23 states halting the reopening process in the United States (per a CNN report). In such a scenario, it seems like these trends are here to stay in the second half of 2020 as the fear of a second wave peaking in the weeks ahead looms large.

Strikingly, even as the rebooting of U.S. economy happens in phases and social-distancing restrictions are being eased, people increasingly opting for contactless operations. It’s largely because the pandemic brought about some changes in lifestyle and influenced Americans’ preferences.

Let’s take a look at the trends

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Nasdaq Outperforms Major Indices in 1H20: ETFs to Gain

The first half of 2020 has been majorly dominated by the coronavirus pandemic. The tech-heavy Nasdaq Composite index, however, showed some resilience to the virus attack and has managed to gain around 10% so far. However, other major stock market indices like Dow Jones Industrial Average and the S&P 500 index have lost around 10.3% and 6.6%, respectively, in the same period.

Even since Mar 23, when the coronavirus worries had peaked, ravaging the stock market, the Nasdaq has recouped losses and gained more than 43% against Dow Jones Industrial Average index’s recovery of around 37% and the broader S&P 500 index’s 36% rise. Going by Dow Jones Market Data, for the second time since its foundation in 1971, Nasdaq has been able to outperform peers in the middle of the year (per a MarketWatch article). The same phenomenon was last observed in 1977.

It is being widely believed that

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