KXI News and Press, iShares Global Consumer Staples From 08/30/23

2023-08-30 02:20:00 ET Summary Retailers are preparing for Halloween sales earlier than ever, in part due to concerns about a downturn in consumer spending. At least two large retailers have had Halloween merchandise available since July. We see clear signs of premeditated dec...

2023-08-24 03:00:00 ET Summary It might be time for investors to focus less on what consumers want and more on what they need. Consumer discretionary stocks have trounced consumer staples thus far in 2023. In our view, that tide looks ready to turn. Overweighting consumer disc...

2023-08-23 12:15:00 ET Summary Trucking Tonnage Index, a relatively volatile economic indicator, remains in a rising trend. Parking lots at malls are as full during the week as they are on the weekends. Perhaps weekends are more packed, but it doesn’t seem by much. Real...

2023-08-22 12:15:00 ET Summary Adjusted for inflation, Real Retail Sales and Real Personal Income reflect economic activity that is rising more than the impact of inflation. Demand for goods and services is responsible for many corporations raising guidance and expanding facilitie...

2023-08-22 05:30:00 ET Summary Chairman Powell keeps reassuring us that the Fed is "data-dependent," but what do they do if some data is unclear or even flawed? There is a conflict between the ADP jobs data and the Labor Department's "seasonally adjusted" jobs data. In recent mont...

2023-08-20 05:54:27 ET Summary The tobacco industry is undervalued, but its quality metrics are concerning. Food and personal care are overvalued by more than 20% relative to their historical baseline. KXI, a global alternative to XLP. 9 stocks cheaper than their peers in ...

2023-08-16 01:19:00 ET Summary Retail sales, including at food services and drinking places, jumped 0.7% in July from June. The growth in retail sales came despite a sharp decline of inflation in the goods that retailers sell. The three-month moving average of retail sales ros...

2023-08-15 23:12:00 ET Summary Retail sales provided another upside data surprise and indicates a 3% annualised GDP growth rate is possible for the third quarter. However, higher consumer borrowing costs, reduced credit availability, the exhausting of pandemic-era savings and the ...

2023-08-15 05:45:00 ET Summary The Leisure Products group is hampered by difficult year-over-year earnings comparisons. Consumers continue to feel the pressure of higher food prices on their spending power and continue to gravitate towards the discounters for everyday low prices. ...

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. ...