🛒 Starbucks and Tesla Lead Market Declines Amid Economic Data and Regulatory Pressures, While Home Depot Bucks the Trend with Analyst Support | Retail Sector Insights
The Consumer Discretionary Select Sector SPDR Fund (XLY) experienced a slight decrease. Among its holdings, Amazon led with a notable return, followed by Chipotle Mexican Grill, General Motors, Airbnb, and eBay.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Wednesday, August 14
XLY [-0.7%]
The Consumer Discretionary Select Sector SPDR Fund (XLY) experienced a slight decrease. Among its holdings, Amazon led with a notable return, followed by Chipotle Mexican Grill, General Motors, Airbnb, and eBay. Chipotle has received an upgrade to "Outperform" from Wedbush, with a new price target set at 58.00. Stifel and Deutsche Bank also maintain "Buy" ratings, with targets of 70.00 and 67.00, respectively. Conversely, Baird has reduced its target for Chipotle from 74.00 to 62.00, while Bernstein has adjusted its target down from 80.00 to 70.00, both retaining an "Outperform" rating. Analyst sentiment remains mixed due to recent leadership changes at Starbucks, which may influence perceptions of Chipotle's performance.