FDIS News and Press, Fidelity MSCI Consumer Discretionary Index From 07/19/22

Last week, the Labor Department announced that its CPI rose 1.3% in June, higher than the economists’ consensus estimate of 1.1%. But core CPI, excluding food and energy, rose only 0.7% in June and just 5.9% in the past 12 months. The main reason for a higher CPI number is that...

The inflation fears led to concern that the Fed would raise interest rates by a full percent when they next meet and that in turn produced selling in stocks. Non-US stocks continue to struggle and that will probably be the case until the dollar comes back down. Economies are big c...

Census Bureau's Advance Retail Sales Report for June headline says - sales came in at 1.00% month-over-month to two decimals and was above the Investing.com forecast of 0.8%. Total sales for the April 2022 through June 2022 period were up 8.1 percent (±0.5 percent) from the same ...

Retail sales and food-services spending rose 1% in June following a 0.1% decline in May. In real terms, total retail sales were down 0.3% (adjusted using the CPI) in June, following a 1.1% decrease in May. Core retail sales, which exclude motor vehicle dealers and gasoline retaile...

Starbucks has raised its menu prices three times since October, proving the company has pricing power to combat inflation. A potential upcoming recession could be troubling for Starbucks, but could also eliminate smaller coffee shops that are competing. Starbucks' stance against u...

This year has been one for the record books. Inflation is at a level last seen in 1982, the S&P 500 return this year is its worst start to a year since 1970, and it is the worst start for the Dow Jones Industrial Average Index since 1962. Investors had few areas to invest in that ...

Persistently elevated rates of price increases and an intensifying Fed tightening cycle are impacting economic activity. The outlook is for continued economic growth, but risks remain elevated. The combination of record-high home prices and sharply higher mortgage rates have sent ...

For Q2 2022, the Refinitiv Retail/Restaurant Index is looking at a -7.6% blended estimated earnings growth rate, and an 8.4% blended estimated revenue growth rate. Currently, low-income consumers are being squeezed the most in the absence of stimulus checks that last year boosted thei...

Elon Musk agreed to buy Twitter for $54.20, but has been trying to get a lower price ever since. With Musk, TWTR has a significant upside. Without Musk, TWTR has a limited downside. Meanwhile, Tesla is facing many challenges that are unlikely to get any better over the next 6-12 m...

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...