Consumer Sector Recap: Week of November 6–10, 2017
Market and consumer sector: Performance last week
The third quarter earnings season is drawing to an end. The S&P 500 Index (SPY) (SPX-INDEX) finished the week ended November 10, 2017, with a slight fall of 0.21%. The consumer staples sector rose 2.1% led by Coty (COTY), Walgreens Boots Alliance, Monster Beverage, Kellogg, and Colgate-Palmolive. Coty and Monster Beverage released their quarterly earnings last week.
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The consumer discretionary sector rose 0.75% last week, led by the rise in Michael Kors Holdings, News Corporation, and Macy’s after they released their earnings.
According to a FactSet report as of November 10, 2017, 91% of the companies in the S&P 500 have reported their quarterly earnings. The 3Q17 earnings growth rate for the S&P 500 (SPY) is currently 6.1%.
Consumer sector-based ETFs
Last week, consumer sector-based ETFs had a productive week. The Consumer Staples Select Sector SPDR ETF (XLP) topped the charts, rising 2.1%. The SPDR S&P Retail ETF (XRT) rose 0.75%, and the Consumer Discretionary Select Sector SPDR ETF (XLY) had a slight rise of 0.73%.
As of November 10, 2017, the S&P 500 Index (15.3%) has outperformed the S&P 500 Consumer Discretionary Index (13.5%) and the S&P 500 Consumer Staples Index (5%) on a year-to-date basis.