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Stock impact report

OneWater, Macy's, and Bath and Body Works Shares Plummet, What You Need To Know [Yahoo! Finance]

Bath & Body Works, Inc. (BBWI) 
Company Research Source: Yahoo! Finance
The U.S. Bureau of Labor Statistics reported that the PPI, a measure of wholesale prices, rose 0.5% in January, exceeding economists' expectations. A significant driver of this increase was a 0.8% advance in the index for final demand services. Specifically, the data showed a sharp 2.5% jump in margins for trade services, which reflects the profits received by wholesalers and retailers. This suggests that businesses are passing on higher costs, potentially including import tariffs, to customers. With recent data also showing a rise in consumer loan delinquencies, investors are worried that already-stretched households will cut back on discretionary purchases, negatively affecting companies tied to consumer spending. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Boat & Marine Retailer company OneWater (NASDAQ:ONEW) fell 4.7%. Is now the time to buy OneWater? Ac Show less Read more
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