Franklin Disruptive Commerce ETF News

Uber stock fell post reporting Q1 earnings as the company provided downbeat outlook. However, its peer company Lyft gained in share price post earnings.

In its latest report released last December, the Bureau of Economic Analysis (BEA) estimates that the digital economy now represents 10% of the total U.S. GDP, or $2.6 trillion.  The digital economy

Explaining consumer spending involves a lot of contradictions. Consumer spending is strong.

Explaining consumer spending involves a lot of contradictions. Consumer spending is strong.

2023 was a year of surprises. These are five key sector themes illustrated in charts that dominated the ETF world this past year.

Recent data point to a record shopping season for Shopify (SHOP), which saw Black Friday sales grow 22% y/y. Additional reports from Adobe Analytics show a strong $9.8 billion Black Friday season.

Shein, the Chinese fast-fashion behemoth, has confidentially filed for an initial public offering in the United States.

Ride-hailing giant Uber on Tuesday reported third-quarter earnings, which missed estimates. However, the company came up with an upbeat outlook.

Ridesharing stock Uber Technologies (UBER) is expected to report earnings on Nov 7 (before market open).

Shopify delivered a surprising third-quarter financial performance, surpassing analysts' expectations on both the top and bottom lines. SHOP stock jumped on four times higher volume.

Instacart shares made their Nasdaq debut on Sep 19, 2023 with a 12% increase in their stock price.

Instacart is targeting a valuation of roughly $8.6 billion to $9.3 billion in its imminent IPO.

Last week, retail sales increased more than expected. It pointed to a resilient consumer despite the Fed's efforts to temper inflation.

Shares of Shopify dropped more than 5% as investor concerns about long-term growth of the company overshadowed the company's outlook for the current quarter, per Bloomberg.

Shares of Uber (UBER) fell more than 5% on Tuesday on revenue miss. However, the upbeat guidance offered by the company makes it a good pick.