Who Were the Outliers in the Consumer Space on March 16?


Mar. 21 2016, Updated 7:21 a.m. ET

Price movement of S&P 500 indexes

On March 16, 2016, the S&P Consumer Discretionary slightly outperformed the S&P Consumer Staples and the S&P 500 as a whole. The indexes had respective returns of 0.73%, 0.18%, and 0.56%.

Along those same lines, the S&P Consumer Discretionary stocks have a monthly return of 0.24%. This is much higher than the -0.41% and 0.06% from the S&P 500 and the S&P Consumer Staples, respectively.

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Top losers on March 16

The top-losing stocks as of March 16, 2016, were as follows:

  • Fossil Group (FOSL) fell by 4.8% with the “underperform” rating from Macquarie.
  • Mead Johnson Nutrition (MJN) fell by 1.2%.
  • Estee Lauder (EL) fell by 0.74% with the “neutral” rating from Goldman Sachs.
  • Coca-Cola Company (KO) fell by 0.42% after the United Kingdom imposed a tax on sugar drinks.

Top gainers on March 16

The top-gaining stocks as of March 16, 2016, were as follows:

  • Kellogg Company (K) rose by 0.72% with the “neutral” rating from Goldman Sachs.
  • Flowers Foods (FLO) rose by 0.72%.

In this series, we’ll look at the above stocks’ performances, price movements, and latest quarterly results.

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 the next part, we’ll discuss Fossil Group.


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