Rising Prices Squeeze Small Businesses: Only 43% Expect Better Conditions In Next 6 Months
Portfolio Pulse from Natan Ponieman
A new survey by the National Federation of Independent Businesses (NFIB) reveals that small business owners are struggling with inflation, which they consider the most significant problem in running their businesses. Only 43% of small business owners expect better business conditions over the next six months. This pessimistic outlook could impact public credit companies, construction and real estate stocks, and e-commerce and business service companies.
October 10, 2023 | 8:12 pm
News sentiment analysis
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NEGATIVE IMPACT
Bank of America Corp could be negatively impacted by the pessimistic outlook of small businesses.
As a major bank, Bank of America could see a decrease in loan interest from small businesses due to the current economic conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Citigroup Inc could be negatively impacted by the pessimistic outlook of small businesses.
As a major bank, Citigroup could see a decrease in loan interest from small businesses due to the current economic conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Capital One could be negatively impacted by the pessimistic outlook of small businesses.
As a credit company, Capital One could see a decrease in loan interest from small businesses due to the current economic conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Intuit Inc. could be negatively impacted by the pessimistic outlook of small businesses.
As a business service company, Intuit could see a decrease in usage from small businesses due to reduced spending.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
iShares U.S. Home Construction ETF could be negatively impacted by the pessimistic outlook of small businesses.
As an ETF representing construction stocks, ITB could see a decrease in value due to reduced investment from small businesses.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
JPMorgan Chase & Co could be negatively impacted by the pessimistic outlook of small businesses.
As a major bank, JPMorgan Chase could see a decrease in loan interest from small businesses due to the current economic conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Shopify could be negatively impacted by the pessimistic outlook of small businesses.
As an e-commerce company, Shopify could see a decrease in usage from small businesses due to reduced spending.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
TD Bank Group could be negatively impacted by the pessimistic outlook of small businesses.
As a bank, TD Bank Group could see a decrease in loan interest from small businesses due to the current economic conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Vanguard Real Estate ETF could be negatively impacted by the pessimistic outlook of small businesses.
As an ETF representing real estate stocks, VNQ could see a decrease in value due to reduced investment from small businesses.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Wells Fargo & Co could be negatively impacted by the pessimistic outlook of small businesses.
As a major bank, Wells Fargo could see a decrease in loan interest from small businesses due to the current economic conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70