pcess609 The Consumer Price Index comes out on Thursday at 8:30 AM, providing fresh data on whether the Federal Reserve’s tight policy is succeeding in pushing inflation down toward its 2% goal. On average, economists expect the headline CPI number to rise 0.1% in June, vs. 0.0% in May. ThatContinue Reading
AleksandarNakic/E+ via Getty Images Arhaus (NASDAQ:ARHS) fell in afternoon trading on Monday after Jefferies cut its rating on the retailer to Hold from Buy. Analyst Jonathan Matuszewski and his team lowered estimates on Arhaus (ARHS) due to slowing site traffic growth, falling e-commerce conversion, and a growing percentage of browsingContinue Reading
ArtistGNDphotography/E+ via Getty Images Citi downgraded home builders Lennar (NYSE:LEN) and D.R. Horton (NYSE:DHI) to Neutral from Buy on softening housing activity this summer. The analysts trimmed both LEN’s and DHI’s estimated EPS for FY24. For both LEN and DHI, Citi said it sees limited near-term catalysts for the stockContinue Reading
