5 Things To Know In Investing This Week - The Surprisingly Weak Macro Issue
Portfolio Pulse from Gary Brode
The market is focusing on macro issues as 2Q company earnings come to an end. The Consumer Price Index (CPI) rose from 3.0% to 3.2%, slightly better than expectations. The Producer Price Index (PPI) was up .8% for the last 12 months, but the monthly change was .3%, the highest since last January. Moody's downgraded 10 US banks, focusing on small and medium-sized firms. China's exports were down 14.5% in July, indicating a potential consumer slowdown. FedEx (NYSE:FDX) is proceeding with layoffs and Yellow Corp (NASDAQ:YELL) declared bankruptcy last week.
August 16, 2023 | 5:48 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
FedEx is proceeding with layoffs announced last year, indicating potential concerns regarding demand for goods.
The layoffs at FedEx, despite being announced last year, indicate potential concerns regarding demand for goods. This could negatively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Yellow Corp declared bankruptcy last week, pushing business to other carriers.
Yellow Corp's bankruptcy declaration will likely have a negative impact on its stock price in the short term. The company's business is being pushed to other carriers.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100