PSCD News and Press, PowerShares S&P SmallCap Consumer Discretionary Pf From 05/24/22

ANF reported Q1 earnings that missed badly on the bottom line and showcased concerning forward trends. Inventory and cost of goods rose significantly above projections. ANF also changed guidance and said they don’t see a meaningful increase from 2021 revenues. The compa...

The economic news emanating from Britain and the European Union is continuing to come in weak, as many European countries are expected to slip into a recession this year. While inflation may be ebbing in China and the U.S., inflation is still accelerating in Britain and the rest of Eu...

Retail sales have spiked over the last few months. Online retailers aren’t fairing much better. Inflation creates the illusion of retail strength. For further details see: Retailers Getting Hammered By Rising Costs

Earnings projections have been on the slide in Car-Mart. This has been putting pressure on the respective share price. We look at the balance sheet to see Car-Mart's financing strength as we approach the Q4 earnings announcement. For further details see: America's Car-Ma...

Until this week, that maxim seemed to be working in the current market as well, with both Target and Walmart as well as basic consumer goods companies in general holding their values better than the broader market indexes. To be sure, the news was not all bad. Sales for both Walmart a...

Latest 12 months wholesale price inflation ran 11%. Walmart and Target have big 2Q earnings misses. Oops! Retail demand does not seem to be the problem. In a market where computers and ETFs have no discernment, everything goes on sale. Retail may be uniquely advantaged when it...

Consumer sentiment has dropped to the lowest level in more than a decade. Average hourly earnings have risen by 5.5% over the last year. It appears Americans have taken on an “eat, drink and be merry for tomorrow we die” attitude. For further details see: W...

Target followed in the footsteps of Walmart with its worst single-day reaction to earnings on record according to the data in our Earnings Explorer, and its worst day overall since the 1987 crash. Given the two are some of the largest publically traded retailers, broad measures of the...

However American consumers may feel, retail sales continue to climb. The Census Bureau’s latest data show solid gains outside of the virtual shopping malls, too. Headline sales (seasonally adjusted) rose much more than expected in April 2022, increasing 0.9% from March’s...

Retail sales jumped 0.9% in April from March, after having jumped 1.4% in March from February, to $678 billion, and were up 8.2% from a year ago, seasonally adjusted, the Commerce Department reported on Tuesday. Raging inflation has outpaced the income growth of many Americans, and th...