Bernstein downgraded the stocks, citing headwinds from surging oil prices, the GLP-1 trend, and rising inflation.
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Stocktwits63d agobearish
CPB, CAG, GIS, KHC, And SMPL Stocks Slump In Pre-Market: Why Does Bernstein See ‘Troubled’ Times Ahead?24/7 Wall St.83d agobearish
Trump Wants Rate Cuts. The Data Just Made That Nearly Impossible.The President wants rate cuts. His pick is set to take the chair at the Federal Reserve. Futures markets have spent weeks pricing in easing. Then the Bureau of Labor Statistics released the April Consumer Price Index report, and the door slammed shut. Headline CPI rose 3.8% year-over-year in April, up from 3.3% in March, ... Trump Wants Rate Cuts. The Data Just Made That Nearly Impossible.