Analysts provide insights on consumer stocks with high dividend yields, highlighting mixed ratings and price target adjustments for companies in the consumer discretionary sector.

Three apparel manufacturers are experiencing significant drops in their growth scores due to declining revenues, weak sales channels, and poor forward guidance.

Oxford Industries reported mixed Q2 results with a 54% year-over-year profit decline, but beat analyst expectations. Despite weak financials, the stock jumped 23.3% in early trading due to performance slightly better than anticipated.

U.S. stock futures rose ahead of August CPI data, with markets anticipating potential Federal Reserve rate cuts. Wholesale inflation slowed, and key earnings reports from Kroger, RH, and Adobe were expected.

U.S. stocks are set to open modestly higher as investors focus on the August producer price inflation report and the European Central Bank's interest rate decision. The market is weighing the stickiness of service price inflation against the softening job market, which could lead to a 25-basis-point rate cut by the Federal Reserve next week.

Futures trading suggests a mixed start on Thursday, with tech stocks potentially helping to weather profit-taking-induced weakness. Broadcom Inc. (NASDAQ:AVGO) and Tesla, Inc. (NASDAQ:TSLA) are likely to lead the tech charge, with the former reacting to earnings release and the latter to the likelihood of shareholders approving CEO Elon Musk’s pay package. Traders may also keep an eye on the producer price inflation report for confirmation regarding a gradual let-up in pricing pressure, and the weekly jobless claims report. Futures Performance (+/-) Nasdaq 100 +0.63% S&P 500 +0.10% Dow -0.30% R2K -0.65% In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.11% to $541.98, and the Invesco QQQ ETF (NASDAQ:QQQ) traded up 0.66% at $477.27, according to Benzinga Pro data. Cues From Previous Session: Tech stocks led the broader market to a fresh high on Wednesday, and the upside was facilitated by a tame inflation reading. The Federal Open Market Committee’s pause decision was widely expected but the dot-plot curve dampened sentiment as it brought down the rate cuts Fed forecasters see for the year down to two or even one. More importantly, the Fed stuck to its data-dependent stance. The Nasdaq Composite and the S&P 500 indices opened notably higher after the Wednesday inflation report and consolidated their gains for the remainder of the session. Both averages hit intraday and closing highs. The Dow Jones Industrial Average lagged, with the 30-stock blue-chip average squandering its early gain and declining ...Full story available on Benzinga.com

Oxford Industries (OXM) delivered earnings and revenue surprises of -1.48% and 2.50%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?

Oxford: Owner of Tommy Bahama, Lilly Pulitzer and Johnny Was Reports First-Quarter Results

A lower-than-expected inflation report for May ignited a bullish frenzy on Wall Street, with investors increasing their bets on rate cuts, bolstered by growing confidence that the Federal Reserve will ease its policy stance later this year as price pressures trend towards the 2% target. The Consumer Price Index (CPI) data revealed cooler-than-anticipated monthly and annual inflation rates for both headline and core items. This report arrives just ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting, which will commence at 2:00 p.m. ET today. The implied probability of a rate cut by September has surged to 72%, up from 54% before the inflation report. Fed futures now indicate a 55 basis points reduction (equivalent to two rate cuts) by year-end. In response to rising expectations for rate cuts, traders quickly pivoted to riskier assets. The tech-heavy Nasdaq 100 climbed 1.4% to over 19,400 points, setting new record highs. The S&P 500 Index increased by 1.1% to surpass 5,400 points, also achieving fresh all-time highs. Blue-chip stocks saw a modest rise of 0.2%, but the standout performance came from small caps. The iShares Russell 2000 ETF (NYSE:IWM) surged 2.7%, marking its best session since mid-December ...Full story available on Benzinga.com

The market appears poised for further gains on Wednesday, building on the strength of the S&P 500 and Nasdaq Composite, which hit record highs in the previous session. Index futures are trading modestly higher in early pre-market trading. However, the sustainability of these gains and potential for further upside hinges largely on two key events: the upcoming inflation report due before the market opens and the Federal Reserve‘s June rate decision, along with commentary regarding the near-term interest rate trajectory. Investors will be hanging on to every word from Fed Chair Jerome Powell when he hosts the post-meeting press conference shortly after the rate decision. Positive sentiment generated by Oracle Corp.’s (NYSE:ORCL) earnings may also provide support for tech stocks. While bond yields remained subdued, commodities prices firmed up. Futures Performance (+/-) Nasdaq 100 +0.13% S&P 500 +0.14% Dow +0.13% R2K +0.08% In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.14% to $537.72, and the Invesco QQQ ETF (NASDAQ:QQQ) traded up 0.14% at $468.66, according to Benzinga Pro data. Cues From Previous Session: Stocks closed Tuesday’s session on a mixed note as tech strength mitigated jitters about the Fed’s rate decision. Apple, Inc. (NASDAQ:AAPL) led the tech charge, in apparently a late reaction to ...Full story available on Benzinga.com

Oxford Industries, Inc. (NYSE:OXM) will release earnings results for its first quarter fiscal 2024, after the closing bell on Wednesday. Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at $2.69 per share. That's down from $3.78 per share in the year-ago period. Oxford Industries is projected to post quarterly revenue of $405.61 million, according to data from Benzinga Pro. On March 28, Oxford Industries reported worse-than-expected fourth-quarter financial results and issued weak first-quarter guidance. Oxford Industries shares fell 0.9% to close at $101.83 on Monday. Benzinga readers can access the latest analyst ratings on the Full story available on Benzinga.com

This article discusses the key events and earnings reports to watch in the upcoming week, including the Fed's decisions and Apple's WWDC.