Forget Sell In May: Buy These ETFs Instead This Year

Invesco QQQ (QQQ - Free Report)

With vaccination and economic reopening taking root, some foresee moderate success for the tech-heavy Nasdaq – which was a lockdown winner – this year. But big tech companies or most of the FAANGs have come up with blowout earnings in the ongoing reporting season, indicating that economic reopening is no hindrance for the space. Growth rates of the tech sector may subdue ahead, but the sector is well poised to take advantage of the New Normal in the coming era (read: ETFs to Stack as Reopening Poses No Hindrance for Big Tech).

Consumer Discretionary Select Sector SPDR ETF (XLY - Free Report)

The chief U.S. economist at Oxford Economics expects consumer spending to expand by more than 9% this year, a record, as quoted on New York Times. A higher savings rate and easing restrictions thanks to increasing vaccination would allow consumers to spend on goods and services affluently.

SPDR S&P Dividend ETF (SDY - Free Report)

The fund measures the performance of the highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed dividend policy of consistently increasing dividends every year for at least 20 consecutive years. It yields 2.58% annually (read: 5 Dividend ETFs Hovering at Record High).

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