Outliers in the Consumer Space in November’s Second Week

Price movement of S&P 500 indexes

In the second week of November 2016, the S&P Consumer Discretionary sector slightly outperformed the S&P Consumer Staples sector and the S&P 500 as a whole. The indexes had returns of 4.0%, -2.1%, and 3.8%, respectively.

Outliers in the Consumer Space in November’s Second Week

S&P Consumer Discretionary stocks had a month-to-date return of 2.1%, much higher than the 1.8% and -4.3% returns of the S&P 500 and the S&P Consumer Staples sector, respectively.

Last week’s consumer sector updates

Key consumer sector updates for the second week of November 2016 were as follows:

  • Procter & Gamble (PG) started the promotional campaign for its Pantene brand.
  • HNI Corporation (HNI) declared a quarterly dividend of $0.28 per share.
  • Blue Buffalo Pet Products (BUFF) reported mixed results in 3Q16.
  • Vista Outdoor (VSTO) announced its fiscal 2Q17 results.
  • Bank of America Merrill Lynch downgraded Lear Corporation’s (LEA) rating to an “underperform.”
  • Bank of America Merrill Lynch downgraded Delphi Automotive’s (DLPH) rating to an “underperform.”

In the coming articles, we’ll take a look at the above stocks’ performances, price movements, and 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 Procter & Gamble (PG).