Online Sales Still Soaring

May 30, 2023

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

Four US public companies, Apple, Microsoft, Google, and Amazon, are part of the $1 trillion market cap club, collectively making up 21% of the S&P 500. These "mega-cap" stocks have all seen over 30% growth year-to-date as of 5/17/23. ₁

Online sales accounted for 16.4% of US retail sales in April 2023, nearly double the share of the sector in April 2013. Only "motor vehicles and part dealers" have a larger share than online, indicating that online sales are on track to become the leader in the retail sales segment. ₁

The cryptocurrency market has rebounded after setbacks that caused massive losses last year, with Bitcoin rallying by 60% this year and the token market reaching an estimated value of $1.1 trillion. ₂

Tech and growth stocks without dividends have risen by 10% this year. On the other hand, stocks with high dividend yields have decreased by 6%. Despite this, dividend stocks remain appealing to investors as the iShares Select Dividend index is valued at 12 times expected earnings in 2024, whereas the tech-heavy Nasdaq 100 index is valued at 22 times 2024 expected earnings. ₃

If you would prefer not to receive these weekly updates, click the button below.

Opt-Out of Investor Insights Emails*

Other Glen Eagle Resources

Recent Newsletter

Webinar Recording

Please feel free to share this newsletter with your network

Your Glen Eagle Advisors

Susan Michel

Rob Michel

Carol Ann Fernandez

Schedule a Meeting with The Michel Team

MFS - "Beyond the News"
Barrons - "Crypto Is Staging a Major Rebound. How It Survived a $3 Trillion Crash."
Barrons - "Dividend Stocks Are a Victim of AI’s Success. It’s Time to Buy."

*We will continue to keep you updated with our quarterly newsletters and webinar events. If you would like to update your email subscription, please click "Update Profile" at the bottom of this email.

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC

Glen Eagle Advisors, LLC is a SEC Registered Investment Advisor

Glen Eagle ADV Part 2A