ETFs & Stocks For A Green Portfolio On St. Patrick's Day

St. Patrick’s Day is around the corner and investors across the world are keen on trying their Irish luck for green returns in their stock portfolio. This will lead to an upsurge in investments, which acts as catalysts for the stocks.

Per the National Retail Federation, about 55% of Americans are expected to celebrate St. Patrick's Day this year with average spending of $40.18, up from $39.65 in 2018 and $37.92 in 2017. However, total spending is estimated to decline to $5.61 billion this year from a record $5.92 billion seen last year.

The day, associated with wearing green, food, drinking and home decoration with shamrocks, leprechauns, and pots of gold, has become popular among the young people in recent years. About 72% of the spenders aged under 35 years plan to celebrate the Irish festival compared with 50% in 2009.

About 49% of the Americans will be spending on holiday-themed food, 40% on beverages, 29% on apparels, 23% on decoration, 16% on candy, 9% on greeting cards and 6% on gifts. Further, Americans plan to celebrate the holiday in a number of ways with 81% wearing green, 30% planning a special dinner, 27% throwing a party at a bar or a restaurant, 24% decorating their homes or offices in an Irish theme and 16% attending private parties. Additionally, 15% plans to attend a St. Patrick’s Day parade and 10% will host a party.

Given the splurge, it will not come as a surprise if the stock market could Wearin' o' the Green in honor of St. Patrick's Day. In particular, retailers, food and beverage companies and restaurants could see a huge jump in respective stock prices as higher consumer purchase will likely boost revenues. So, raise a toast to the ETFs & stocks in these sectors and try to find some hidden luck this Irish festival.

Invesco Dynamic Food & Beverage ETF (PBJ - Free Report)

This product offers exposure to 30 companies engaged in the manufacture, sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies by tracking the Dynamic Food & Beverage Intellidex Index. The fund has amassed $69 million in its asset base while trading in average daily volume of 9,000 shares. It charges 63 bps in annual fees from investors and has a Zacks ETF Rank #4 (Sell) with a Medium risk outlook.

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Disclosure: 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 specific ...

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