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0.000923550538737849 0.00194971780400203 0.000718317085685043 0.00200102616726534 0.000457670600307877 0.000102616726526476 -0.00451513596716262 -0.0099538224730631
Stock impact report

Wells Fargo sees growing concerns about consumers as key earnings takeaway [Seeking Alpha]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Seeking Alpha
The financial institution indicated that Q1 earnings have been a mostly negative catalyst for large caps, with below-typical sales beat rates. Furthermore, Wells Fargo noted that demand has been lighter than expected although high-end consumers still remain resilient. See what some of Wall Street leading consumer stocks had to say: Carnival Corporation & plc ( CCL "Consumers are not stupid. They are looking for value..." Delta Air Lines ( DAL "...travel remains a top purchase priority." Conagra Brands ( CAG "We saw some trade-down from fresh to frozen, and frozen vegetables to canned vegetables..." Lamb Weston ( LW global french-fry demand is "at/below the 2-4% historical growth rate" Lululemon Athletica ( LULU "We were off to a slow start in the US." Using the Consumer Discretionary Select Sector SPDR Fund ( NYSEARCA: XLY ) as a proxy for this part of the economy, there are signs of investor concern. XLY, which is made up of 53 of Wall Street's more prominent consumer- Show less Read more
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