Shares of companies in the retail and consumer discretionary space are trading higher following better-than-expected June consumer confidence data.
Portfolio Pulse from Benzinga Newsdesk
Shares of retail and consumer discretionary companies are trading higher following better-than-expected June consumer confidence data.
June 27, 2023 | 6:18 pm
News sentiment analysis
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POSITIVE IMPACT
Carter's, Inc. (CRI) shares are trading higher due to positive consumer confidence data.
As a retail company, Carter's, Inc. is directly affected by consumer confidence data. Higher consumer confidence typically leads to increased spending, which can boost retail sales and, in turn, the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Floor & Decor Holdings, Inc. (FND) shares are trading higher due to positive consumer confidence data.
As a retail company, Floor & Decor Holdings, Inc. is directly affected by consumer confidence data. Higher consumer confidence typically leads to increased spending, which can boost retail sales and, in turn, the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Farfetch Limited (FTCH) shares are trading higher due to positive consumer confidence data.
As a retail company, Farfetch Limited is directly affected by consumer confidence data. Higher consumer confidence typically leads to increased spending, which can boost retail sales and, in turn, the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Lowe's Companies, Inc. (LOW) shares are trading higher due to positive consumer confidence data.
As a retail company, Lowe's Companies, Inc. is directly affected by consumer confidence data. Higher consumer confidence typically leads to increased spending, which can boost retail sales and, in turn, the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Pool Corporation (POOL) shares are trading higher due to positive consumer confidence data.
As a retail company, Pool Corporation is directly affected by consumer confidence data. Higher consumer confidence typically leads to increased spending, which can boost retail sales and, in turn, the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sleep Number Corporation (SNBR) shares are trading higher due to positive consumer confidence data.
As a retail company, Sleep Number Corporation is directly affected by consumer confidence data. Higher consumer confidence typically leads to increased spending, which can boost retail sales and, in turn, the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Wayfair Inc. (W) shares are trading higher due to positive consumer confidence data.
As a retail company, Wayfair Inc. is directly affected by consumer confidence data. Higher consumer confidence typically leads to increased spending, which can boost retail sales and, in turn, the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100