🛒 Market Shake-Up: Tesla Dips Amid Earnings Miss and Legal Scrutiny, Toyota Tumbles, Honda Falls while Carvana Soars Amid Broader Downturn | Retail Sector Insights
Home Depot has seen a decrease in its average 12-month price target due to mixed analyst evaluations amid revenue challenges. Similarly, Marriott International has faced downward adjustments in price targets from multiple analysts, reflecting a consensus of a neutral stance on the stock.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Thursday, August 1
XLY [-1.4%]
The Consumer Discretionary Select Sector SPDR Fund (XLY) has declined by 1.2% since Wednesday. Significant contributors to this performance include Tesla, Home Depot, Starbucks, Lowe's, and Marriott International, all experiencing notable drops in their stock values. Home Depot has seen a decrease in its average 12-month price target due to mixed analyst evaluations amid revenue challenges. Similarly, Marriott International has faced downward adjustments in price targets from multiple analysts, reflecting a consensus of a neutral stance on the stock. In broader market context, the ISM Manufacturing PMI fell to 46.8, indicating a significant contraction in US factory activity, while the S&P 500 Index declined by 0.79%, suggesting a pullback that may also influence the consumer discretionary sector.