FDIS News and Press, Fidelity MSCI Consumer Discretionary Index From 08/03/22

Global equity markets went into a protective crouch last quarter, and factor performance followed suit. The collapse in Consumer Discretionary and/or Technology stocks was a dominant driver of global factor performance in Q2. The Quality premium versus Value has returned to its lo...

The inflation surge has dominated the narrative for equity investors in 2022. Computer chip shortages, COVID shutdowns, and the war in Ukraine have combined to create broad supply chain bottlenecks that limited automotive production globally. In this environment, investors in US e...

Influencers and social media trends have reignited the beauty industry in recent years. Sneakerheads and workout apparel enthusiasts unite under one mindset: performance over anything else. Historically, dollar stores have been key beneficiaries of trade-down behavior. T...

On the heels of a surprise 50-basis-point increase in the ECB’s target rate the FOMC will likely make good on another 75-basis-point increase in its target federal funds range. Governor Waller stated that he favored another 75-basis-point increase, as has St Louis Fed President...

The majority of consumers have lost a lot of purchasing power over the last year. For the average consumer, the reality is not shaped by how much the government tells them things cost, it’s shaped by their personal reality when they go shopping and pay their bills. Consumer...

The S&P 500 Index closed out the week ending July 22 with a gain of 2.57%. The index is also now trading above its 50-day moving average. Many other indexes are showing technical improvement as well and are trading above their 50-day moving averages. This is certainly a positive t...

First quarter results were a huge disappointment as cost pressures reduced operating income as well as earnings per share. Over the long run, Target should be able to fight inflation and the company is also rather recession-proof. And after losing almost 50% of its previous value,...

In our last article, we rated TGT as hold, due to its overvaluation. Since then, its stock price has fallen by about 27%, making the stock much more attractive. In our opinion, the potential negative impacts of the macroeconomic headwinds are already priced in. The safe, sustainab...

Two opposing forces appear to be dominating the market currently, with investors polarized between recession fears and bargain hunting following this year’s large equity selloff. Investors priced in most central bank tightening and seem more confident with the inflation outlook...

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...