Consumer Space: Biggest Winners and Losers

On March 18, 2016, the S&P 500 Index slightly outperformed the S&P Consumer Staples Index and the S&P Consumer Discretionary. The indexes had respective returns of 0.44%, -0.19%, and 0.10%.

On the other hand, the S&P Consumer Discretionary stocks have a monthly return of 0.24%, which is much higher than the -0.41% and 0.06% recorded by the S&P 500 Index and the S&P 500 Consumer Staples Index, respectively.

The following are the stocks that fell the most on March 18:

• Ball Corporation (BLL) fell 1.7%.
• Sonoco Products (SON) fell 1.4% with a “neutral” rating from Bank of America Merrill Lynch.
• Silgan Holdings (SLGN) fell 0.79% with an “underperform” rating from Bank of America Merrill Lynch.

The top gaining stocks on March 18 include the following:

• Cooper Tire & Rubber (CTB) rose 1.5% after Moody’s upgraded its rating of the company and provided a stable outlook.
• Fiat Chrysler Automobiles (FCAU) rose 3.1% after Standard & Poor’s upgraded its long-term debt rating.

The Consumer Staples Select Sector SPDR Fund (XLP) tracks a market-cap–weighted index of consumer staples stocks drawn from the S&P 500. XLP is the ETF of consumer goods.

In this series, we’ll take a look at the above companies’ stock price movements and latest quarterly results. We’ll start with Ball Corporation in the next part of this series.