ANALYSIS-Investors feel the pinch of thriftier consumers on company profits By Danilo Masoni MILAN, Aug 8 (Reuters) - Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power. Profit warnings in sectors ranging from luxury to food and airlines have fed into worries about a slowdown in the United States and other major economies.

UPDATE 1-Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies Adds details on layoffs at company's unit in paragraph 3, sales impact in paragraph 5 By Nathan Gomes Aug 2 (Reuters) - Canada's Magna International MG.TO missed analysts' estimates for second-quarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles assembled, sending the auto parts supplier's shares down about 2%.

Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies Aug 2 (Reuters) - Auto parts supplier Magna International MG.TO missed analysts' estimates for second-quarter results on Friday, hurt by production being stopped for certain vehicles and lower volumes of automobiles that it assembled. Magna, which counts BMW BMWG.DE , Mazda 7261.T and Ferrari RACE.MI as customers, produces parts and builds vehicles at its complete vehicle manufacturing unit for various automakers.

BUZZ-'Prime stock to own': Barclays ups Ferrari to 'overweight' after strong Q2 ** Barclays upgrades Ferrari RACE.MI to "overweight" from "equal weight" and hikes its PT by 12.5%, a day after the luxury carmaker beat Q2 expectations and raised its 2024 outlook ** Barclays says that while H2 should be weaker than H1 on all metrics, this is now well

Italy - Factors to watch on August 2 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy posted a state sector budget surplus of 2.4 billion euros ($2.59 billion) in July compared to a surplus of 15.83 billion euros in the same month last year, Treasury data showed on Thursday.