CPI Report Sends Ripples Through 5 Key ETFs: Banks Stumble, Bonds Waver, Tech Resilient
Portfolio Pulse from Piero Cingari
The August inflation report has impacted several ETFs and stocks. The Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.4%, driven by Amazon (AMZN) and Tesla (TSLA). The VanEck Semiconductor ETF (SMH) increased by 0.9%, with Advanced Micro Devices (AMD) and Micron Technologies (MU) leading the sector. The Technology Select Sector SPDR Fund (XLK) saw a 0.5% increase, with Adobe (ADBE) registering a 3% gain. The SPDR Regional Banking ETF (KRE) slipped by 1%, with Zions Bancorporation (ZION) experiencing a 4.4% decline. The iShares 20+ Year Treasury Bond ETF (TLT) dipped 0.4%.
September 13, 2023 | 3:26 pm
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POSITIVE IMPACT
Adobe (ADBE) registered a 3% gain following the inflation report.
The inflation report did not negatively impact the technology sector, positively impacting ADBE.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Advanced Micro Devices (AMD) posted a daily performance increase of 2.1% following the inflation report.
The inflation report has led to a positive response in the semiconductor industry, positively impacting AMD.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Amazon (AMZN) posted gains of 1.4% following the inflation report.
The inflation report has led to a rise in consumer prices, which could translate into higher profit margins for retail companies, positively impacting AMZN.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Micron Technologies (MU) posted a daily performance increase following the inflation report.
The inflation report has led to a positive response in the semiconductor industry, positively impacting MU.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The VanEck Semiconductor ETF (SMH) saw a 0.9% daily increase following the inflation report.
The inflation report has led to a positive response in the semiconductor industry, positively impacting SMH.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tesla (TSLA) posted gains of 1.3% following the inflation report.
The inflation report has led to a rise in consumer prices, which could translate into higher profit margins for retail companies, positively impacting TSLA.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The Technology Select Sector SPDR Fund (XLK) saw a 0.5% increase following the inflation report.
The inflation report did not negatively impact the technology sector, positively impacting XLK.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.4% following the inflation report.
The inflation report has led to a rise in consumer prices, which could translate into higher profit margins for retail companies, positively impacting XLY.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The SPDR Regional Banking ETF (KRE) slipped by 1% following the inflation report.
The inflation report has led to a challenging day for regional bank stocks, negatively impacting KRE.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (TLT) dipped 0.4% following the inflation report.
The inflation report has led to a minor uptick in thirty-year yields, negatively impacting TLT.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Zions Bancorporation (ZION) experienced a 4.4% decline following the inflation report.
The inflation report has led to a challenging day for regional bank stocks, negatively impacting ZION.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100