XLP Stock Recent News
XLP LATEST HEADLINES
Launched on 12/16/1998, the Consumer Staples Select Sector SPDR ETF (XLP) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Staples - Broad segment of the equity market.
With the recent inflation data, ebbing rate cut probability, escalating geopolitical tensions and rising U.S. debt levels, the appeal for investing in consumer staple funds increases.
U.S. retail sales were better than expected in March after returning to a growth trajectory in February.
The consumer staples sector is resilient in the face of economic uncertainty and offers a hedge for investors during volatile markets. The XLP is expensive at 22x PE with 7% EPS growth for PEG ratio of 2.9x vs 1.5x for the S&P 500. With low growth, high valuations, and few positive catalysts, this ETF may underperform the market benchmarks.
FSTA: Consumer Staples Sector Dashboard For March
The S&P 500 consumer staples sector is up 5% year-to-date. Erin Lash discusses how consumer staples stocks will perform as inflation eases.
Consumer Staples sector has been lagging behind other sectors over the past year. Recent outperformance in XLP suggests other "hot" sectors may be getting too stretched. Breaking the trend line around $75 could signal a longer period of relative strength for XLP.
Explaining consumer spending involves a lot of contradictions. Consumer spending is strong.
Explaining consumer spending involves a lot of contradictions. Consumer spending is strong.