FDIS News and Press, Fidelity MSCI Consumer Discretionary Index From 06/28/22

After multiple delays, the Cryptyde distribution date is set for tomorrow (29 June). This move will help unlock value and facilitate the ZASH-Vinco merger. Vinco is now included in the Russell 3000 Index and revenue increased by almost 350% compared to Q1 2021, reflecting the impa...

Tesla is the world’s leading electric vehicle manufacturer. The company’s shares are down more than 40% from their 52-week high, which in the current environment is relatively resilient for expensive tech stocks. The future of this business is somewhat shrouded in my...

Tesla has never been through a recession equivalent to 2008 as a market leader, the company has grown through a bull market. The company is potentially entering a new recession with new factories draining billions and increasing competition. Owning a car company is expensive, and ...

The gap between energy stocks and consumer discretionary stocks is striking. We think the market is suggesting that extreme energy inflation will lead to a dramatic reduction in spending. If consumer spending turns out to be more resilient than the market expects, we think the con...

It’s still supply chain chaos for retailers, but different retailers face different kinds of chaos. Overall retailer inventories, in terms of months’ supply, are still near historic lows. Inflation in goods – which is what retailers sell – has been far ...

The University of Michigan’s consumer sentiment index's preliminary estimate for June plunged to a record low. The good news from all this bad news is that “contrarian theory” says that when sentiment reaches such historic lows, the only way it can go is up. T...

Cryptocurrencies are bid this morning, and US markets are reopening with a bounce following the steepest losses since March 2020. Short interest bets have now piled on, which can set the stage for a sharp rebound. Rebounds will likely be fleeting as long as central banks remain in...

The subsector with the best value and quality scores is durables and apparel. FDIS: an alternative to XLY. 10 stocks cheaper than their peers in June. For further details see: FDIS: Consumer Discretionary Dashboard For June

A drop in big-ticket purchases such as autos serves as a canary in the coal mine. Americans were spending more because of rising prices. The mainstream claims that wages are rising and that enables Americans to keep up with rising prices. For further details see: Retail ...

AIER’s Leading Indicators Index returned to a neutral 50 reading in May, rising four points following an eight-point fall in April. While broad trends and risks continue, there are some signs of inflection in a few areas. The Roughly Coincident Indicators index fell back in...