XLP Stock Recent News
XLP LATEST HEADLINES
Some consumer discretionary stocks have performed better than others. Luxury, homebuilding, and travel have been a bright spots.
Despite a summer slowdown in the US job market, it remains resilient against recession predictions and higher interest rates. July added 187,000 jobs, slightly below expectations, yet the unemployment rate fell to 3.5%.
Consumer staples are often seen as a safe haven during recessions, but high inflation and interest rates still negatively impact the industry. Valuations in the consumer staples sector are too high compared to elevated interest rates and slowing projected earnings growth rates. The debt picture at many food/beverage and consumer product giants is not conservative, bringing weaker growth outlooks and falling margins vs. a decade ago.
Target Corp. was hit Wednesday with a double downgrade by Raymond James, which cited signs the discount retailer was suffering from continued weak sales and traffic trends.
The Wall Street rally in the first half of 2023 involved a narrow market breadth. Hence, there were many ETF under-performers.
If you're interested in broad exposure to the Consumer Staples - Broad segment of the equity market, look no further than the Consumer Staples Select Sector SPDR ETF (XLP), a passively managed exchange traded fund launched on 12/16/1998.
Our guests this week, Stock Waves and The Pragmatic Investor, discuss Elliot Wave Theory and investor sentiment. Incorporating fundamental with technical analysis.
Exchange-traded funds can provide investors with an easy way to diversify and keep risk down. Healthcare and consumer staples are two areas that investors can target with ETFs.
These sectors delivered upbeat earnings and revenue surprises in the ongoing Q1 reporting season.
VettaFi's vice chairman Tom Lydon discussed the Consumer Staples Select Sector SPDR Fund (XLP) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” “It's unbelievable that [XLP] just hit an all-time high — not for the year, but forever,” Lydon said.