Shares of retail, e-commerce and consumer discretionary stocks are trading higher amid overall market strength following softer-than-expected July PPI figures, which could alleviate some inflation concerns and boost consumer sentiment outlook.
Portfolio Pulse from Benzinga Newsdesk
Shares of retail, e-commerce, and consumer discretionary stocks are trading higher due to softer-than-expected July PPI figures, which may alleviate inflation concerns and boost consumer sentiment.
August 13, 2024 | 3:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Chewy Inc. shares are trading higher as softer July PPI figures ease inflation concerns, potentially boosting consumer spending on pet products.
Softer PPI figures suggest lower inflation, which can increase consumer spending power. This is positive for Chewy as it relies on discretionary consumer spending.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DoorDash Inc. shares are trading higher as softer July PPI figures ease inflation concerns, potentially increasing consumer spending on food delivery services.
Lower inflation can lead to higher disposable income, which may increase spending on services like food delivery, benefiting DoorDash.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Dick's Sporting Goods Inc. shares are trading higher as softer July PPI figures ease inflation concerns, potentially boosting consumer spending on sporting goods.
Eased inflation concerns can lead to higher consumer confidence and spending, which is positive for retailers like Dick's Sporting Goods.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nike Inc. shares are trading higher as softer July PPI figures ease inflation concerns, potentially boosting consumer spending on athletic apparel and footwear.
Lower inflation can increase disposable income, leading to higher spending on discretionary items like Nike's athletic apparel and footwear.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wayfair Inc. shares are trading higher as softer July PPI figures ease inflation concerns, potentially boosting consumer spending on home goods.
Eased inflation concerns can lead to higher consumer confidence and spending, which is positive for e-commerce platforms like Wayfair.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80