FDIS News and Press, Fidelity MSCI Consumer Discretionary Index From 11/16/23

2023-11-16 06:30:00 ET Summary After November 14’s big reaction to the benign CPI data, which saw risk assets rally hard and the dollar come off as interest rate expectations fell sharply, it is the turn of retail sales and producer price inflation today. It once again feed...

2023-11-14 01:11:00 ET Summary I think the trimming or revising of lower forward growth estimates is a reflection of the FOMC policy. Crude oil and gasoline have fallen sharply in the last 6 weeks. High-yield credit spreads actually tightened a little this week, as did high-gr...

2023-11-13 15:08:00 ET Summary Over the past four months, yields have risen dramatically in response to better-than-expected economic numbers but have cooled in the last week or so. Although the Fed is going to be higher for longer, they want to see what all of their hiking has do...

2023-11-13 08:47:07 ET More on Markets S&P, Dow, Nasdaq futures dip to kick off the week Investing, Even As I Expect S&P 500 To Be Lower By Year End Global stock markets higher ahead of the release of key U.S. inflation data Earnings Week Ahead: Walma...

2023-11-13 01:24:58 ET Summary Despite an unprecedented rate hike cycle, the consumer remains in great shape. Consensus earnings estimates look poised to climb a wall of worry in the near term. Discretionary-focused ETFs aren't all that pricey adjusted for their high-multiple ...

2023-10-27 02:28:00 ET Summary The average discount for Halloween costumes and accessories is 16%. This is also above last year’s 12% and back to pre-pandemic levels. Those chocolates in the trick or treat bags may be costing more. The main chocolate ingredient, cocoa, saw ...

2023-10-25 03:30:00 ET Summary What should consumers and investors expect in the fast-approaching season of spending? The holiday selling season represents around 25% of annual retail sales and has always been an important catalyst for investors. It's helpful for investors to ...

2023-10-24 13:53:02 ET More on Markets Bulls vs. Bears: Ford prepares for a key earnings release amid UAW strike Bitcoin’s surge brings the 38k-40k range in sight, according to BTIG Small caps struggle with the Russell 2000 and S&P SmallCap 600 hitting 1-y...

2023-10-20 12:04:04 ET Summary The Home Depot is one of the world's largest home improvement retailers headquartered in Atlanta. On November 14, Home Depot will publish its financial report for the third quarter of fiscal 2023. Moreover, the company's Non-GAAP P/E [TTM] is 18....

2023-10-18 04:35:00 ET Summary Consumers went on another buying binge at retailers, fired up by the biggest income increases in decades. Total retail sales jumped 0.7% in September, after the upwardly revised 0.8% jump in August and the 0.6% jump in July. Compared to a year ago, r...