Celebrate Thanksgiving Week With These ETFs

Image: Bigstock

Thanksgiving week is here and history shows that this holiday-shortened week is a bullish feast for stock investors –– even those with low volumes. Per the article on yahoo finance, the S&P 500 Index has gained 0.59% on average during the week over the past 50 years and that the week is positive 70% of the time.

The index generally struggles in the first couple of days of the week but the day before Thanksgiving and the day after have been impressive for the stocks. The day before Thanksgiving has been positive 78% of the time, averaging a gain of 0.3% while the day after Thanksgiving has averaged a 0.2% return over the past 50 years and has been positive 66% of the time.

Given the historical trends, this Thanksgiving week is expected to shower gains. The encouraging data from Pfizer (PFE - Free Report) and Moderna (MRNA - Free Report) on vaccine optimism coupled with a potential divided government will likely provide some support to the stocks even though the spike in new coronavirus cases is weighing on investors’ sentiments. However, Thanksgiving celebrations seem different this year with fewer gatherings and social distancing, and perhaps even remote family get-togethers.

A report from LendingTree showed that Americans will spend $475 hosting Thanksgiving, including food, drink, and home decor, up 53% from 2019, with smaller get-togethers. About 41% of Americans plan to host guests on Thanksgiving, up from 33% in 2019. Thanksgiving hosts are expected to shell out $343.26 on food and drink, plus $131.74 on new houseware, like dishes, furniture, linens, and décor. Hosts will spend an average of $52.78 per guest.

Food, Beverage & Transportation: Hot Spots

According to the latest data from the American Farm Bureau Federation, the average cost of serving 10 people for Thanksgiving is expected to be $46.90 (or under $5.00 per person), 4% cheaper than the last year and the lowest since 2020. The shopping list includes a 16-pound turkey, stuffing, sweet potatoes, rolls and butter, green peas, fresh cranberries, a vegetable tray, a homemade pumpkin pie, whipped cream, and coffee with milk.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

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