Key Consumer Sector Insights for September 25–29
Market and consumer sector’s performance last week
With the third quarter earnings season getting closer, the S&P 500 Index (SPY) (SPX-Index) finished the week ending September 29 with a slight gain of 0.68%. The consumer staples sector fell 0.06% last week due to a fall in consumer stocks like Walmart (WMT), Kellogg (K), Archer Daniels Midland (ADM), and Walgreens Boots Alliance (WBA). The consumer discretionary sector rose 0.60% last week led by an increase in the stock prices of Genuine Parts Company (GPC), D.R. Horton (DHI), Mattel (MAT), Ross Stores (ROST), and Best Buy (BBY).
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According to Factset’s earnings insight data on September 29, the estimated earnings growth rate for the S&P 500 in 3Q17 is 4.2%. Consumer sector-based ETFs had an average week. The SPDR S&P Retail ETF (XRT) topped the charts with a gain of 2.4% last week. The Consumer Staples Select Sector SPDR ETF (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) rose 0.11% and 0.60%, respectively.
As of September 29, the S&P 500 Index (12.5%) has outperformed the S&P 500 Consumer Discretionary Index (10.8%) and the S&P 500 Consumer Staples Index (4.4%) on a year-to-date basis.