HELE - Consumer Weakness Hurt These 2 Stocks. Is There More Pain to Come?
2023-10-04 10:30:00 ET
The stock market has seen steep declines to begin the month of October, but investors saw a glimmer of hope on Wednesday morning. Stock index futures bounced slightly, with key market benchmarks looking to climb as much as half a percent to reclaim some of their lost ground recently.
More broadly, though, market participants are looking closely at consumer stocks for signs of whether the easing of inflationary pressures is also helping to put more money into people's wallets. Unfortunately, the latest results from Cal-Maine Foods (NASDAQ: CALM) and Helen of Troy (NASDAQ: HELE) didn't make their shareholders happy, and some of it comes from the various crosswinds that inflation can cause.
These turbulent times could last through the end of the year and beyond. Here's the latest from both companies.
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Consumer Weakness Hurt These 2 Stocks. Is There More Pain to Come?