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Outliers in the Consumer Space in the 3rd Week of November

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Price movement of S&P 500 indexes

At the end of the third week of November 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 1.7%, -0.14%, and 0.81%.

The S&P Consumer Discretionary stocks had a month-to-date return of 3.8%. That’s much higher than 2.6% and -4.5% for the S&P 500 and the S&P Consumer Staples, respectively.

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Last week’s updates from the consumer sector

Key consumer sector updates for the third week of November 2016 are as follows:

  • UBS upgraded Pinnacle Foods (PF) to a “buy.”
  • Post Holdings (POST) announced it fiscal 2016 results and provided an update for fiscal 2017.
  • Energizer Holdings (ENR) declared a quarterly dividend of ~$0.28 per share.
  • Spectrum Brands Holdings (SPB) declared its fiscal 4Q16 results and quarterly dividend.

In this series, 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 Pinnacle Foods (PF).

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