News Stocks 

Tesla stock falls further after Consumer Reports dings the Model 3

“Tesla Inc. stock took a deeper dive on Thursday after news that Consumer Reports has withdrawn a key Model 3 recommendation” writes Claudia Assis for marketwatch.com. The Tesla TSLA, -3.62%  Model 3 was among six vehicles from U.S. and overseas car makers that lost Consumer Reports’ “recommended” rating due to their “declining reliability,” the nonprofit consumer advocacy organization said Thursday.Shares of Tesla fell 1.9% and were recently trading under $297 after trading as high as $303.24 earlier on Thursday. Source: marketwatch.com

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GBP News 

The credit of British companies is declining in quality and austerity and Brexit are largely to blame

“Credit Benchmark Again, credit quality is holding up: US: changes in credit quality at 326 large consumer goods companies” writes Jim Edwards for businessinsider.com. The black line shows the net trend, which is that banks believe more UK companies’ credit quality is deteriorating than improving.Credit Benchmark In Europe, the same sector is faring better: EU: changes in credit quality at 204 large consumer goods companies.Credit Benchmark US: cumulative changes in credit quality at 326 large consumer goods companies over time.Credit Benchmark UK: cumulative changes in credit quality of 397 large…

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News Stocks 

Altria’s stock jumps toward 2-month high after Wells Fargo’s bullish call post CAGNY

“The stock closed at $51.40 on Dec. 19, just before Altria announced is Juul investment, then fell to a more than 5-year low of $43.33 on Jan. 24” writes Reporter Editor for marketwatch.com. Since then, the stock has soared 17%. in comparison, the SPDR Consumer Staple Select Sector ETF XLP, -0.07% has advanced 5.2% since Jan. 24 and the Dow Jones Industrial Average DJIA, +0.08% has gained 5.7%. Source: marketwatch.com

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News 

Walmart CFO on the U.S. consumer: ‘Still looks pretty good to us’

“Another interesting development, from a macroeconomic perspective, is that Walmart reported a rise in inventory growth” writes D C for marketwatch.com. Biggs said the consumer “still feels pretty good to us.” “You see all the numbers that we see — wages are still pretty good, unemployment rates low, gas prices are down year-on-year,” he said.The December retail-sales numbers reported by the government may have panicked financial markets, but the largest U.S. retailer isn’t sweating it.Walmart WMT, +3.68% on Monday reported that U.S. comparable-store sales in the January-ending quarter were up…

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News 

Consumer sentiment surges higher than expected after government shutdown ends

“The University of Michigan consumer sentiment index rose to 95.5 this month from 91.2 in January, preliminary data showed” writes unknown author for cnbc.com. The consumer sentiment data indicate that personal consumption expenditures will remain the strongest sector in the national economy in 2019, Curtin pointed out.”The assessment of current conditions was the second lowest since 2016, though the expectations read was significantly improved, back to levels seen in 2018. Source: cnbc.com

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News Stocks 

General Mills to close California yogurt making facility as part of restructuring

“The company expects the restructuring to be completed by the end of fiscal 2021” writes Reporter Editor for marketwatch.com. The expenses will also include about $105 million in exit and project-related costs, primarily asset write-offs.The consumer foods company said it expects to incur about $130 million in expenses, including $25 million in severance costs, as part of the restructuring, which will focus on consolidating production and “optimizing” labor, logistics and manufacturing operations. Source: marketwatch.com

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News 

Economists skeptical over stunning December decline in retail sales

“The Commerce Department on Thursday said retail sales slumped 1.2% at the end of 2018, marking the biggest decline in nine years” writes Jeffry Bartash for marketwatch.com. Many economists don’t believe it. “There’s no denying retail sales are weaker, but they are not this weak,” asserted chief economist Richard Moody of Regions Financial.Moody regularly tells investors to ignore preliminary retail sales figures because they are so often heavily revised. Source: marketwatch.com

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News 

U.S. retail sales post biggest drop in nine years in December

“In December, online and mail-order retail sales dropped 3.9 percent, the biggest drop since November 2008, after increasing 2.8 percent in November” reports businessinsider.com. December’s sharp drop in core retail sales suggested a moderation in the pace of consumer spending in the fourth quarter.The December retail sales report was delayed by a 35-day partial shutdown of the federal government that ended on Jan. 25.Data for November was revised slightly down to show retail sales edging up 0.1 percent instead of gaining 0.2 percent as previously reported.No date has been set…

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News 

Consumer companies prove resilient in China

“You can find more concise stories like this on the WSJ City app” reports marketwatch.com. Signs that there is still hope for growth in China have helped prop up Japanese stock prices after China worries sparked sharp falls late last year.China’s factories are trimming investment, but consumers are still spending more on some luxury and everyday items. Source: marketwatch.com

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News 

Inflation flatlines in January thanks to lower gas prices, CPI shows

“Another closely watched measure of inflation that strips out food and energy rose 0.2% last month” writes Jeffry Bartash for marketwatch.com. The numbers: The cost of consumer goods and services were unchanged in January largely thanks to falling gas prices, another sign inflation poses little threat to the economy right now.Real or inflation-adjusted wages rose 0.2% in January to bring the yearly increase to 1.7%.What’s more, the increase in the cost of living over the past 12 months slowed to 1.6% from 1.9%. Source: marketwatch.com

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