Core Viewpoint - The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a passively managed ETF that provides broad exposure to the Consumer Discretionary sector, appealing to both retail and institutional investors due to its low costs and tax efficiency [1][3]. Group 1: ETF Overview - FDIS was launched on October 21, 2013, and has accumulated over $1.85 billion in assets, making it one of the largest ETFs in its category [3]. - The ETF aims to match the performance of the MSCI USA IMI Consumer Discretionary Index, which reflects the U.S. consumer discretionary sector [3]. Group 2: Cost Structure - FDIS has an annual operating expense ratio of 0.08%, making it the least expensive option in its category [4]. - The ETF offers a 12-month trailing dividend yield of 0.76% [4]. Group 3: Sector Exposure and Holdings - The ETF is fully allocated to the Consumer Discretionary sector, with Amazon.com Inc (AMZN) representing approximately 23.76% of total assets [5][6]. - The top 10 holdings constitute about 58.79% of total assets under management [6]. Group 4: Performance Metrics - As of July 28, 2025, FDIS has increased by approximately 21.88% over the past year and has a year-to-date gain of about 0.27% [7]. - The ETF has traded between $75.33 and $104.24 in the last 52 weeks, with a beta of 1.29 and a standard deviation of 23.15% over the trailing three-year period, indicating medium risk [7]. Group 5: Alternatives - FDIS has a Zacks ETF Rank of 5 (Strong Sell), suggesting it may not be the best option for investors seeking exposure to the Consumer Discretionary sector [8]. - Alternatives include the Vanguard Consumer Discretionary ETF (VCR) and the Consumer Discretionary Select Sector SPDR ETF (XLY), which have larger asset bases and competitive expense ratios [10].

Core Insights - Amazon has launched its longest-ever Prime Day event, expanding from 48 to 96 hours, running from July 8 to 11, with expectations of significant online spending [1][2] - U.S. online sales during this event are projected to reach a record $23.8 billion, marking a 28.4% year-over-year increase [2] - The event's spending is anticipated to be equivalent to the combined online spending of two Black Fridays [2] E-commerce Trends - Amazon is offering millions of discounts across various product categories, with daily deal drops to encourage frequent consumer engagement [4] - Mobile shopping is expected to account for $12.5 billion, or 52.5% of total sales, highlighting the importance of mobile channels for impulse purchases [5] - Discounts across categories are expected to match last year's levels, with apparel at 24%, electronics at 22%, and other categories following [6] Technological Innovations - The use of generative AI-powered shopping assistants and chatbots is expected to increase, with traffic from AI sources projected to surge by 3,200% compared to last year [7] - The Buy Now, Pay Later (BNPL) option is forecasted to rise to 8% of overall online sales during the event, up from 7.6% in 2024 [8] Investment Opportunities - Investors can consider ETFs with significant allocations to Amazon, including ProShares Online Retail ETF (24.5% allocation), Fidelity MSCI Consumer Discretionary Index ETF (24.2%), and others [3][9][10][11][12][13] - ProShares Online Retail ETF has an asset base of $78.3 million, while Fidelity MSCI Consumer Discretionary Index ETF has $1.8 billion [9][10] - Vanguard Consumer Discretionary ETF holds a 22.8% allocation to Amazon and has an asset base of $6.1 billion [11]

Core Insights - Amazon reported stronger-than-expected first-quarter 2025 results, surpassing earnings and revenue estimates but provided a cautious second-quarter operating income guidance due to tariff uncertainties [1][3][6] Financial Performance - Earnings per share reached $1.59, exceeding the Zacks Consensus Estimate of $1.35 and up from 98 cents a year ago [3] - Revenues grew 10% year over year to $155.7 billion, surpassing the consensus estimate of $154.56 billion [3] - Amazon's advertising business was the fastest-growing division, with ad revenues increasing 19% year over year to $13.9 billion [4] - Online store sales grew 6% to $57.41 billion, while Amazon Web Services (AWS) revenues soared 17% year over year to $29.3 billion [4] Future Outlook - For the second quarter of 2025, Amazon expects revenues in the range of $159-$164 billion, with a consensus estimate of $160.46 billion [6] - Operating income is projected to be between $13 billion and $17.5 billion, with a cautious outlook due to uncertain consumer demand influenced by tariff policies [6] Investment Focus - Several ETFs with significant allocations to Amazon include: - ProShares Online Retail ETF (ONLN) with 23.9% allocation to Amazon and $66.3 million in assets [7] - Fidelity MSCI Consumer Discretionary Index ETF (FDIS) with 22.2% allocation and $1.7 billion in assets [8] - Vanguard Consumer Discretionary ETF (VCR) with 22% allocation and $5.3 billion in assets [9] - Consumer Discretionary Select Sector SPDR Fund (XLY) with 21.9% allocation and nearly $19.5 billion in assets [11] - VanEck Vectors Retail ETF (RTH) with 18.1% allocation and $235.9 million in assets [12]