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Car Market Did Something It Hasn’t Done In 8 Months: Pay Attention This Friday

New car inventories have risen for the eighth consecutive month, which could indicate a shift in the auto market. This Friday, the Manheim Index — the premier indicator of pricing trends in the used vehicle market — will release the latest update of its Used Vehicle Value Index. This data could further impact car prices and deals.

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4 Retail Stocks Downgraded, But 3 Are Best Positioned: Why UBS Has A Bearish View

Analysts at UBS are bearish on several U.S. retail stocks. A predicted consumer spending slowdown will trickle down to the industry’s earnings for the remainder of the year, they said. Jay Sole downgraded five U.S. retail stocks and lowered 2023 calendar year estimates by 10%. The five stocks downgraded from a Neutral rating to Sell:

BBWI