XLP News and Press, SPDR Select Sector Fund - Consumer Staples From 11/11/22

Summary In today's issue of the 1-Minute Market Report, I examine the market bounce since the October low, and highlight the areas of the market that are leading the way higher. On Thursday, for every stock that was down, there were 26 that were up. For the first time since August...

Summary Amazon’s global exposure is also being hit by macroeconomic issues as rising inflation continues to diminish the consumer’s purchasing power. The much-anticipated “Lord of the Rings” series did help subscription revenue rise to a new high in dol...

Summary Altria faces challenges on three fronts. Earnings estimates are likely way too optimistic for the problems it has. Valuation mainly reflects this. We look at the best ways to play Altria. When we last covered Altria Group Inc. ( MO ) we suggested that...

Summary One of the main risks to your portfolio is sequence of returns risk - the need to sell stocks to generate income. Obviously, the greater the income, the less need to sell stocks. A growing dividend stream can also squeeze or reduce the need to sell shares over time. ...

Summary Mondelez International, the maker of Sour Patch and Cadbury chocolate, is on track to post stronger revenue than in the previous three years. Similarly, Hershey is on track to post stronger revenue compared to its pandemic and pre-pandemic levels. In collaboration with...

Summary The mismatch between supply and demand within the retail space has reversed in advance of this year’s holiday shopping season. Higher prices that retailers have successfully implemented since the pandemic are not going to reverse entirely. Higher inventory level...

Summary There are some troubling signs with this third relief rally this year. Tech and growth stocks are underperforming value and dividend. Key market sectors are lagging behind. The "pivot" theme that drives this relief rally is based on wishful thinking. The ...

Summary We forecast Halloween candy prices to be up 14% over last year. Purchases of candy (i.e. volumes) have been trending lower since last October, partly in response to rapidly rising prices. Total spending on Halloween candy, at $3.2 billion, is expected to be only 1% abo...

Summary PPI and CPI numbers came out last week, and both were higher than expected. Fed officials are concerned about the persistence of high inflation, and a 0.75% key interest rate hike at the November FOMC meeting is virtually certain. Worldwide demand for crude oil naturally r...

Summary On December, 4, 2021, I warned investors that the stock market was showing the exact same pattern as the 2000 dot com bubble - a collapse in three phases. Today, I want to warn you that the last phase of this bubble collapse is unfolding. In 2000, this phase led to a c...