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Who Were the Outliers in the Consumer Space on May 2?

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Dec. 4 2020, Updated 10:53 a.m. ET

Price movement of the S&P 500 indexes

On May 2, 2016, the S&P Consumer Discretionary Index had slightly outperformed the S&P 500 Index and the S&P Consumer Staples Index as a whole. These indexes had respective returns of 1.4%, 0.78%, and 1.0%.

On the other hand, the S&P 500 stocks have a monthly return of 0.27%, which is much higher than the 0.05% and -1.5% returns from the S&P Consumer Discretionary Index and the S&P Consumer Staples Index, respectively.

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Top loser on May 2, 2016

The top-losing stock as of May 2, 2016, was:

  • Vector Group (VGR) fell by 2.1%.

Top gainers of May 2, 2016

The top-gaining stocks as of May 2, 2016, were as follows:

  • Newell Brands (NWL) rose by 3.6% due to a rise in net sales in fiscal 1Q16.
  • Brunswick Corporation (BC) rose by 2.8%.
  • Colgate-Palmolive (CL) rose by 2.0% with a “neutral” rating from Goldman Sachs.
  • Owens-Illinois (OI) rose by 0.81% due to a rise in net sales and adjusted EPS in fiscal 1Q16.

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

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

Let’s start with Vector Group.

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