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IBUY

Amplify Online Retail ETF

Industry

Asset Management

The fund will invest at least 80% of its net assets in global equity securities that comprise the index, which will primarily include common stocks and/or depositary receipts, such as ADRs and GDRs. The index seeks to measure the performance of global equity securities of publicly traded companies with significant revenue from the online retail business. The index methodology is designed to result in a portfolio that has the potential for capital appreciation.

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Needham analyst Ryan Macdonald initiated coverage on Hims & Hers Health Inc. (NYSE:HIMS) with a Buy rating and a $24 price target, citing growth potential in the weight loss market. HIMS is expected to benefit from its entry into the GLP-1 market and other growth drivers. The company reported strong earnings and revenue, exceeding analyst expectations.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 6:26 pm

Lyft (NASDAQ:LYFT) is expected to miss earnings and gross bookings estimates for Q2, facing challenges from consumer trends and market share. Analysts from KeyBanc and RBC Capital Markets forecast lower-than-expected EBITDA and gross bookings. Uber (NYSE:UBER) reported strong Q2 results, beating revenue and EPS expectations. ETFs tracking Lyft showed mixed performance.

Portfolio Pulse from Michael Juliano

August 06, 2024 | 5:14 pm

Consumer confidence declined in June, with the Consumer Confidence Index dropping from 101.3 in May to 100.4. The Present Situation Index improved slightly, but the Expectations Index fell, indicating concerns about future economic conditions. This has impacted stocks like Walmart, Amazon, and Home Depot, as well as retail ETFs.

Portfolio Pulse from Michael Juliano

June 25, 2024 | 5:22 pm

U.S. retail sales for May fell short of expectations, signaling a potential slowdown in economic growth. The U.S. Census Bureau reported a 0.1% increase from April to May, missing the 0.2% forecast. Major ETFs and retailers had mixed reactions, with some gaining slightly and others slipping. Economists expressed concerns about the implications for consumer spending and economic growth.

Portfolio Pulse from Michael Juliano

June 18, 2024 | 4:44 pm

Carvana Co (NYSE:CVNA) anticipates a surge in used car sales due to a potential oversupply of new vehicles. CEO Ernest Garcia III highlighted that increased car production by major automakers could benefit Carvana. The company reported a net income of $49 million, contrary to analysts' projections of a $116 million loss, and saw a growth in vehicle sales for the first time in six quarters. Despite a substantial debt exceeding $6 billion, Carvana reaffirmed its second-quarter guidance for sequential growth in EBITDA. CVNA stock has gained over 944% in the past year.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 2:58 pm

Carvana Co. (NYSE:CVNA) shares are trading slightly lower despite the company sharing positive news. The National Highway Traffic Safety Administration (NHTSA) affirmed the legality of electronic signatures on physical odometer disclosure documents. Earlier in the month, Carvana reported a significant improvement in its Q1 2024 results, with a 16% year-over-year growth in retail units and a substantial increase in adjusted EBITDA. The company expects further growth in the coming quarter. CVNA stock has seen over an 855% increase in the past year. Investors can also gain exposure to Carvana through the Global X E-Commerce ETF (NASDAQ:EBIZ) and Amplify Online Retail ETF (NYSE:IBUY).

Portfolio Pulse from Nabaparna Bhattacharya

May 09, 2024 | 1:42 pm

Carvana Co. (NYSE:CVNA) reported strong Q1 FY24 results, surpassing consensus revenue estimates and showing a significant increase in adjusted EBITDA. This performance led to several analysts upgrading their price targets and ratings, with notable mentions from Wedbush, Needham, and JP Morgan. The company anticipates further growth in retail units and adjusted EBITDA. The stock soared by 32.9% following the announcement. Investors can also gain exposure to Carvana through the Global X E-Commerce ETF (NASDAQ:EBIZ) and Amplify Online Retail ETF (NYSE:IBUY).

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 6:42 pm

Needham analyst Kyle Peterson initiated coverage on Affirm Holdings Inc (AFRM) with a Hold rating, citing valuation concerns, high stock-based compensation, and a significant portion of revenue from lending-related income. Despite Affirm's strong position in the BNPL market and potential for international expansion, these factors are expected to keep AFRM shares range-bound. Affirm's partnerships with Amazon (AMZN) and Shopify (SHOP) are highlighted, and investors can also gain exposure through ETFs FCUS and IBUY.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 2:06 pm

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