RHS News and Press, Invesco S&P 500 Equal Weight Consumer Staples From 08/18/22

To date, 151 of the 204 companies in our Retail/Restaurant Index have reported their earnings results for Q2 2022, representing 74% of the index. The blended revenue growth estimate for the 204 companies in this index is 9.0% for Q2 2022. July’s monthly retail sales came in...

Total nominal retail sales and food-services spending were unchanged in July, following an 0.8 percent increase in June. Real core retail sales posted a solid 0.4 percent rise in July, after declining less than 0.1 percent in June. Overall, nominal total and core retail sales rema...

Tyson Foods sales are up 8% from Q3 2021 and up 16% from YTD 2021. Beef and pork are responsible for about 50% of Tyson Foods' revenues, and demand for both segments is on a long-term downward trend, especially beef. The company has managed to pass on the general increase in produ...

The Refinitiv/Ipsos Consumer Confidence Index has declined this year in the wake of continued inflationary pressure, rising interest rates, and global uncertainty. The Refinitiv U.S. Retail and Restaurant Q2 earnings index, which tracks changes in the growth rate of earnings within th...

Persistently elevated rates of price increases and an intensifying Fed tightening cycle are impacting economic activity. Real final sales to private domestic purchasers have shown greater resilience. Initial claims remain at a very low level by historical comparison, but a clear u...

The inflation surge has dominated the narrative for equity investors in 2022. Computer chip shortages, COVID shutdowns, and the war in Ukraine have combined to create broad supply chain bottlenecks that limited automotive production globally. In this environment, investors in US e...

On the heels of a surprise 50-basis-point increase in the ECB’s target rate the FOMC will likely make good on another 75-basis-point increase in its target federal funds range. Governor Waller stated that he favored another 75-basis-point increase, as has St Louis Fed President...

The majority of consumers have lost a lot of purchasing power over the last year. For the average consumer, the reality is not shaped by how much the government tells them things cost, it’s shaped by their personal reality when they go shopping and pay their bills. Consumer...

The S&P 500 Index closed out the week ending July 22 with a gain of 2.57%. The index is also now trading above its 50-day moving average. Many other indexes are showing technical improvement as well and are trading above their 50-day moving averages. This is certainly a positive t...

Last week, the Labor Department announced that its CPI rose 1.3% in June, higher than the economists’ consensus estimate of 1.1%. But core CPI, excluding food and energy, rose only 0.7% in June and just 5.9% in the past 12 months. The main reason for a higher CPI number is that...