Shares of retail and ecommerce companies are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.
Portfolio Pulse from Benzinga Newsdesk
Shares of retail companies are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact demand.
August 05, 2024 | 3:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Advance Auto Parts (AAP) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
AAP is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Best Buy (BBY) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
BBY is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Burlington Stores (BURL) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
BURL is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Conn's Inc. (CONN) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
CONN is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Carvana (CVNA) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
CVNA is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GameStop (GME) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
GME is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CarMax (KMX) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
KMX is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RH (Restoration Hardware) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
RH is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TJX Companies (TJX) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
TJX is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Williams-Sonoma (WSM) shares are trading lower due to market weakness and concerns about a US economic slowdown, which could impact demand.
WSM is a retail company, and concerns about an economic slowdown could reduce consumer spending, impacting its sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80