The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
The shortened Thanksgiving trading week culminating in the big Black Friday shopping day is typically a good one for consumer stocks and certain retail names in particular, history shows.
The consumer discretionary sector of the S&P 500 rose 1 percent, on average, and traded positively 71 percent of the time during the week of Thanksgiving, according to CNBC analysis of the last 30 years using Kensho. That was the best of any sector in the benchmark except for communications and double the average return of the overall market.
That slice of the market can be invested in directly through the Consumer Discretionary SPDR (XLY). The U.S. stock market is closed Thursday and has an early close Friday.
That wasn't the trend so far as Amazon shares fell 2 percent on Monday as investors continued to punish "FANG" names. But perhaps some of the retail optimism could stabilize the stock.
History shows the trade gets tougher after this week, when sales data start to trickle out and winners and losers from the holiday season start to be determined.
Consumer stocks tend to underperform the market in the month after Black Friday.