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

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.

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.

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.