PSL News and Press, Invesco DWA Consumer Staples Momentum ETF From 11/27/23

2023-11-27 04:00:27 ET Black Friday online shoppers in the U.S. spent a record $9.8B, according to Adobe Analytics, up 7.5% from a year ago, a bright spot for retailers that are expecting muted sales this holiday season. The record spending , which was widely expected , was...

2023-11-24 23:35:00 ET Summary Spending for the entire holiday season is only set to rise 1.4% over last year’s sales levels. The LSEG U.S. Retail and Restaurant index is only expected to show a 1.4% revenue growth over last year’s Q4 levels. The estimated earnin...

2023-11-24 22:30:00 ET Summary When considering the broad picture of consumer spending in the United States, many assume the holiday season accounts for a significant percentage of total consumer spending. When considering retail alone, holiday season sales are indeed substantial,...

2023-11-24 05:35:33 ET More on the consumer sector Holiday sales are expected to come in better than feared - watch these stocks Walmart to speed online order deliveries through parcel stations Consumers plan to buy same amount for Thanksgiving, but p...

2023-11-23 01:30:00 ET Summary Slowing inflation and strong growth of GDP are set to keep labor markets tight, wages growing and consumers spending in 2023. According to a new analysis from S&P Global Market Intelligence, retail sales are on track to outpace expectations this ...

2023-11-21 08:30:00 ET Summary Consumer inflation is fading fast, and producer prices actually declined last month. This means the Fed is done raising key rates. The prices of imports also declined 0.8% in October, which is the first monthly decline since June, giving evidence of ...

2023-11-20 22:40:00 ET Summary Black Friday deals are arriving earlier this year as U.S. consumers are still dealing with higher prices from a year ago. As a result, retailers know that shoppers have become price-sensitive and are looking for steep promotions and discounts. Th...

2023-11-20 22:10:00 ET Summary In 2022, according to an annual survey from the American Farm Bureau Federation, the average cost for a Thanksgiving dinner for 10 people was $64.05. While 2023 has presented its own challenges, both economically and geopolitically, consumers can exp...

2023-11-16 06:30:00 ET Summary After November 14’s big reaction to the benign CPI data, which saw risk assets rally hard and the dollar come off as interest rate expectations fell sharply, it is the turn of retail sales and producer price inflation today. It once again feed...

2023-11-14 01:11:00 ET Summary I think the trimming or revising of lower forward growth estimates is a reflection of the FOMC policy. Crude oil and gasoline have fallen sharply in the last 6 weeks. High-yield credit spreads actually tightened a little this week, as did high-gr...