Geopolitics Alpha

ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results

Published . Updated .

Key takeaways

  • Exposed: TIP, XLP, WMT, COST, PG
  • Market reaction: XLP −1.7% on the day (still updating); TIP −0.2% on the day (still updating); WMT −2.0% on the day (still updating)

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GEOPOLITICS ALPHAITAB: Q3 improved, while ERPcosts, inflation and seasonalworking capital weighed on resultsGEOPOLITICS ALPHA

This report is about inflation and prices.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR-3.2% 15d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • WMT Walmart+16.0% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+15.7% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • PG The Procter & Gamble+11.6% 30d

    The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • KO The Coca-Cola+8.2% 30d

    The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIP-0.07%+0.06%base-0.22%after closeafter closeafter close
XLP-4.05%-2.97%base-1.74%after closeafter closeafter close
WMT-6.59%-5.06%base-2.03%after closeafter closeafter close
COST-4.67%-4.31%base-1.92%after closeafter closeafter close
PG-2.69%-1.86%base-0.91%after closeafter closeafter close
KO-4.88%-3.15%base-1.55%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results TradingView

Source: TradingView

The price since 3 Nov 2026: Ishares Tr (TIP) versus the S&P 500

CompanyWhenMoveStatus
Costco Wholesale (COST)that day-1.92%still updating
Costco Wholesale (COST)three days earlier-4.31%final price
Costco Wholesale (COST)five days earlier-4.67%final price
Coca Cola (KO)that day-1.55%still updating
Coca Cola (KO)three days earlier-3.15%final price
Coca Cola (KO)five days earlier-4.88%final price
Procter & Gamble (PG)that day-0.91%still updating
Procter & Gamble (PG)three days earlier-1.86%final price
Procter & Gamble (PG)five days earlier-2.69%final price
Ishares Tr (TIP)that day-0.22%still updating
Ishares Tr (TIP)three days earlier+0.06%final price
Ishares Tr (TIP)five days earlier-0.07%final price
Walmart (WMT)that day-2.03%still updating
Walmart (WMT)three days earlier-5.06%final price
Walmart (WMT)five days earlier-6.59%final price
Select Sector Spdr Tr (XLP)that day-1.74%still updating
Select Sector Spdr Tr (XLP)three days earlier-2.97%final price
Select Sector Spdr Tr (XLP)five days earlier-4.05%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares Tr (TIP)

Companies carried with this story

  • TIP Ishares Tr

    For “ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • XLP Select Sector Spdr Tr

    In “ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • WMT Walmart

    Walmart (WMT) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results.” Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • COST Costco Wholesale

    Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results.” Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • PG Procter & Gamble

    In “ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • KO Coca Cola

    For “ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results,” Coca Cola (KO) is linked, with no stored direction, medium confidence. Reason on file: The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

Ishares Tr (TIP)

On 3 Nov 2026, “ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results” is the story that connects Ishares Tr (TIP) to this story.

For Ishares Tr (TIP), the reason on file says iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

A second company, Select Sector Spdr Tr (XLP), is listed for a different reason: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

Price levels for Ishares Tr (TIP)

TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. WMT traded between 104.49 and 127.91 across 20 sessions. The latest close on file is 127.71. XLP traded between 80.10 and 83.07 across 11 sessions. The latest close on file is 81.02.

What the saved facts support for Ishares Tr (TIP)

46 out of 100Price not final

“ITAB: Q3 improved, while ERP costs, inflation and seasonal working capital weighed on results” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.