FSTA News and Press, Fidelity MSCI COnsumer Staples Index From 05/17/23

2023-05-17 02:20:00 ET Summary Total retail sales, seasonally adjusted, rose 0.4% in April from March, and 1.6% from a year ago. Gasoline prices have plunged by over 12% from a year ago, even as the price ticked up in April from March. The food CPI dropped for the second month...

2023-05-17 01:40:00 ET Summary We got two big data points on May 16th on the economy and both pointed to sluggish trends in growth. Retail sales and industrial production have a strong correlation with weak economic growth and both came in unusually weak last month. Industrial...

2023-05-16 14:35:00 ET Summary Both the Consumer Price Index and Producer Price Index data for April confirmed that the strong but lumpy disinflationary trend continues. The US is now at a point where the Fed funds rate exceeds inflation. Historically that has signaled the end of ...

2023-05-15 02:00:00 ET Summary As the economy begins to accelerate, value companies begin to outperform. The market continued to favor many of the more value-oriented or economically sensitive sectors of the market. The financial sector fell to the bottom of returns as balance...

2023-05-14 16:38:30 ET Quarterly earnings season has slowed down, but several big names remain on the docket for next week. The list of high-profile companies includes industry players like Home Depot ( NYSE: HD ), Cisco Systems ( NASDAQ: CSCO ), Walmart ( NYSE: WMT ...

2023-05-03 11:15:01 ET As recessionary fears mount, many investors have looked towards dividends as a safety play. Walmart ( NYSE: WMT ) represents one popular consumer staple name that attracts attention when discussing this kind of investing strategy. The retailing giant curre...

2023-04-28 10:11:11 ET Proctor & Gamble ( NYSE: PG ) was among the list of companies that beat expectations this earnings season, providing an upbeat view of the consumer segment at an uncertain time. With worries about the economy, the consumer products maker provides an i...

2023-04-21 16:28:00 ET Summary Yesterday’s release of the Leading Economic Index from the Conference Board appears to settle the matter in favor of recession, but real-time analysis isn’t as clear-cut as this indicator suggests. The consultancy forecasts “econ...

2023-04-17 12:59:28 ET Summary This is the second most overvalued GICS sector. No subsector looks attractive. The most overvalued one is personal care products. Fidelity® MSCI Consumer Staples Index ETF is an alternative to Consumer Staples Select Sector SPDR® Fu...

2023-04-14 14:19:43 ET Wall Street investors will closely be watching key earnings in the upcoming trading week as some of the largest companies are set to deliver Q1 results. Some of those names include Bank of America ( NYSE: BAC ), Lockheed Martin Corporation ( NYSE: LMT ...