PowerShares Dynamic Food & Beverage Portfolio ETFNYSEARCA
Yesterday, 1:29 PM
- Cowen analyst John Kernan has some tough words for retail executives after hearing a litany of excuses on earnings conference calls about the "challenging" environment.
- "Every metric related to the consumer is healthier now than it was the past couple years," says Kernan. "The consumer is in a very good position right now," he adds.
- Low gas prices, low unemployment rates and some wage gains have set the table for growth, but a decline in consumer confidence (political anxiety?) has sent even more shoppers to online channels or kept them in a stay-at-home mindset (see restaurant sector woes).
- A question left unanswered is if the shift is transitory in nature or permanent An even bigger uncertainty is what happens to brick-and-mortar retailers if the U.S. economy were to enter a recession?
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE, CNDF, CNSF, FTXD, FTXG, IBUY, JHMC, JHMS.
Yesterday, 8:59 AM
Tue, Oct. 18, 9:07 AM
Tue, Oct. 11, 9:37 AM
Mon, Oct. 10, 10:24 AM
- The NPD Group forecasts holiday spending will increase 3.6% to $636 per consumer.
- "The unvarying holiday spending intentions expressed by consumers are a sign that even this year’s intense election cycle has done little to dampen consumer confidence going into the holiday season, which we forecast to grow moderately," notes NPD analyst Marshal Cohen.
- There has been some level of expectation that many retailers are going to point to election anxiety as a reason for their own disappointing earnings.
- Previously: Expect retailers to play the election card (Oct. 8)
- ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE, CNDF, CNSF, FTXD, FTXG, IBUY, JHMC, JHMS.
Tue, Oct. 4, 9:48 AM
Tue, Sep. 27, 8:59 AM
Tue, Sep. 20, 8:58 AM
Thu, Sep. 15, 9:02 AM
- Retail sales fell in August on a month-over-month comparison. The drop wasn't a large surprise considering the onslaught of warnings from the retail sector on store traffic.
- 8 out of the 13 retail categories showed negative growth during the month, with the largest drops recorded in the building material/garden equipment/supplies dealers and miscellaneous store retailers categories. The broad weakness turned on its head the argument that money freed up from a lower level of auto sales would be funneled into other consumer purchases.
- Food services and drinking places showed a +0.9% M/M and +5.8% Y/Y increase in a somewhat surprising result considering the harsh read from Black Box Intelligence on August same-store sales in the restaurant sector BITE. Is the discrepancy an indication that independent restaurants are taking market share?
- On a year-over-year basis, retail sales were up 1.9%. As expected the Amazon-influenced nonstore retailers category did the heavy lifting with an 11% gain. Larger U.S. retail chains (WMT, SPLS, TGT, BBY, DG, COST, KR, WBA, CVS, LOW, HD, SWY) have been raising the issue of pricing pressure in recent conference presentations and guidance updates which could be a nagging sales deflator for the balance of the year.
- Previously: Retail sales disappoint in August (Sept. 15)
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE, CNDF, CNSF, IBUY, JHMC, JHMS.
Tue, Sep. 13, 10:00 AM
Wed, Sep. 7, 9:00 AM
Tue, Aug. 30, 8:59 AM
Tue, Aug. 23, 8:58 AM
Tue, Aug. 16, 10:14 AM
Tue, Aug. 16, 9:08 AM
Fri, Aug. 12, 8:49 AM
- Retail sales came in flat for July with weakness in grocery stores, restaurants, and department stores standing out. The U.S. economy had produced three straight months of positive retail sales growth before the disappointment in July.
- Once again, the nonstore retailers category (primarily e-commerce) led growth with a 1.3% M/M and 14.1% Y/Y gain in July. Sales at health and personal care stores were also solid with a 7.8% Y/Y rise.
- Retail sales in June were revised to +0.9% from +0.7% in a positive development for the sector.
- Retail Sales report (.pdf)
- The S&P Retail ETF (NYSEARCA:XRT) is up 0.64% premarket to $45.55 as it looks to extend on yesterday's gain.
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE, JHMS, IBUY, CNSF, CNDF, JHMC.
- Related stocks: WMT, TGT, COST, SPLS, HD, LOW, AMZN.