Price movement of S&P 500 indexes
At the end of the first week of November 2016, the S&P Consumer Discretionary sector had slightly outperformed the S&P Consumer Staples sector and the S&P 500. The indexes had respective returns of -1.7%, -2.1%, and -1.9%.
S&P Consumer Discretionary stocks had an average month-to-date return of -1.87%, much better than the -1.93% and -2.3% from the S&P 500 and the S&P Consumer Staples sector, respectively.
Last week’s consumer sector updates
Key consumer sector updates for the first week of November 2016 were as follows:
- Goodyear Tire & Rubber Company (GT) announced its plans for expansion in China.
- Cal-Maine Foods (CALM) completed its acquisition of Foodonics International to expand its presence.
- Ball Corporation (BLL) announced it 3Q16 results.
- Avon Products (AVP) announced it 3Q16 results.
- Edgewell Personal Care Company (EPC) announced its acquisition of Bulldog Skincare Holdings.
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 Goodyear Tire & Rubber Company.