ProShares Online Retail ETF News

As August ended, Amazon AMZN celebrated a noteworthy achievement. The e-commerce giant has capped off six successive months of stock price gains, marking its lengthiest run of monthly growth since Jul

Total earnings from 96.3% of the sector's total market capitalization reported so far are up 23.9% on 5.5% higher revenues, with 78.6% beating EPS estimates and 57.1% beating revenue estimates.

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

Retail sales in the United States gained 0.7% sequentially in July of 2023, marking a fourth successive rise.

Veteran investor Warren Buffett's Berkshire Hathaway reported second-quarter earnings in late last week. These are lessons we have learnt from the release.

Amazon (AMZN) reported robust second-quarter results, wherein it beat both earnings and revenue estimates. The e-commerce giant provided an upbeat revenue outlook for the ongoing quarter.

Among the top five big tech stocks, Amazon, Facebook-parent Meta and Google-parent Alphabet delivered impressive results, garnering positive reactions from investors, while Apple and Microsoft disappo

eBay shares plunged more than 10% on subdued profit outlook. These ETFs with exposure to eBay might feel the pinch.

In the midst of one of the biggest seasonal periods for car buyers in the United States, online used auto retailer Carvana is surging on Wednesday, lifting online retail ETFs, thanks to a debt restr

Retail sales in the United States gained 0.2% sequentially in June of 2023, below forecasts of a 0.5% increase.

Amazon (AMZN) had its "biggest-ever" Prime Day event this year. The 48-hour event brought in about $12.7 billion in online sales in the United States, up 6.1% year over year.

Inflationary pressures are expected to dampen the back-to-school shopping season this year, per a new report from Deloitte, as quoted on Yahoo Finance.

Americans are gaining optimism, as evident from the University of Michigan's consumer sentiment data. The latest retail sales data, too, came in upbeat.

Consumers are now opting for cheaper or lower-cost alternatives over premium or more expensive products, mainly due to high inflation and higher rates.

The overall Q4 earnings picture for the retail sector seems good, but guidance is disappointing, spreading pessimism in the sector.