KXI News and Press, iShares Global Consumer Staples From 08/11/23

2023-08-11 03:25:00 ET Summary The back-to-school shopping season is looking softer this year but still earns a "passing" grade in our forecast. This year, thanks to renewed consumer confidence and rising incomes, back-to-school sales are forecasted to grow 1.8% to $978 billion. ...

2023-08-09 19:35:00 ET Summary Recent Retail Sales data figures have been mixed, but corporate executives are optimistic about the state of the consumer. The next month is expected to boast record school-related and college spending – the most important retail season of the...

2023-07-19 21:30:00 ET Summary Adding another positive data point to others indicating economic expansion is the Trucking Tonnage Index. This is a volatile series that should only be monitored as a multi-month trend and in conjunction with other related economic series. The Ju...

2023-07-19 12:30:00 ET Summary Retailers have a problem. Prices are no longer easy to jack up. Inflation shifted to services last year, where it still rages. Retail sales rose 0.2% in June from May, after the upwardly revised 0.5% jump in May from April, and 1.5% from a year ago, ...

2023-07-18 13:10:00 ET Summary Retail sales grew in June but these are dollar values, and in volume terms, spending appears lacklustre. Meanwhile, with the manufacturing sector languishing and inflation showing encouraging signs of slowing, the widely-anticipated July Federal Rese...

2023-07-11 23:16:00 ET Summary Amazon will offer Prime Week deals primarily online and only to its Prime subscribers. Although Amazon initiated Prime Day, other retailers like Target introduced Cycle Week to take on Prime Day promotions. As an equity investment, AMZN stock pri...

2023-06-21 03:20:00 ET Summary Both major US monthly inflation reports out last week reflected even lower rates than most pundits had expected. Following the two inflation reports and other indicators, the Fed decided to pause hiking key interest rates further, but the “dot...

2023-06-20 14:19:00 ET Summary The latest rebound in equity prices has pulled the S&P 500 and Canada’s TSX back to levels seen two years ago in June/July 2021. In the real economy, Canada’s Producer Price Index (PPI) for May contracted 6.3% year-over-year and the...

2023-06-16 12:20:47 ET Summary Consumer Staples is the third-most overvalued sector. No industry is really attractive combining value and quality scores. Nonetheless, staple and food retail is the best-looking one. iShares Global Consumer Staples ETF is an international al...

2023-06-08 14:50:00 ET Summary To date, 202 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 99% of the index. Luxury retailers saw healthy sales growth driven by international shoppers, while dollar stores focused on gr...