FSTA News and Press, Fidelity MSCI COnsumer Staples Index From 11/13/23

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...

2023-10-27 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 ...

2023-10-18 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...

2023-10-17 11:12:00 ET Summary We saw a robust US retail sales report for September plus upward revisions to August's report. This reinforces the view that the US economy likely expanded at a 4% annualised rate in Q3. Headwinds are set to intensify, but for now the US consumer...

2023-10-17 08:52:03 ET Summary Consumer staples names within the S&P 500 have been punished this year. GLP-1-driven concerns about the shape of the future demand curve are warranted but likely overblown. The equal-weighted RSPS offers a cheaper vehicle to ride a potential ...

2023-10-07 01:50:23 ET Summary Fidelity MSCI Consumer Staples ETF has performed relatively well in 2022 but is weakening in 2023. FSTA offers better downside protection than the broader market during economic downturns. FSTA has a weaker growth profile than the broader market ...

2023-10-06 06:55:11 ET Summary Fidelity MSCI Consumer Staples Index ETF has performed poorly in 2023, down over -7%, due to higher rates and lack of a recession. The MSCI USA IMI Consumer Staples 25/50 Index provides the framework for FSTA's holdings, which are highly concentrated...

2023-09-29 03:45:00 ET Summary Supply chain activity has largely returned to normal, although uncertainties remain around corporate strategy, global trade policy, and environmental measures. Lower consumer demand is evident in US seaborne imports of consumer goods that have fallen...

2023-09-29 02:25:00 ET Summary Massively inflated during the pandemic, corporate profits are still not normalizing, and bode well for future investments and economic growth. Corporate profits rose 1.3% from the prior quarter and 6.2% year-over-year, to a seasonally adjusted annual...