Price movement of S&P 500 indexes
At the end of the second week of January 2017, the S&P Consumer Discretionary Index had slightly outperformed the S&P 500 Index and the S&P Consumer Staples Index as a whole. The indexes had respective returns of 0.83%, -0.10%, and -1.1%.
The S&P Consumer Discretionary Index stocks had a monthly return of 3.2%. That’s much higher than 1.6% and -0.49%, from the S&P 500 Index and the S&P Consumer Staples Index, respectively.
Last week’s updates from the consumer sector
Key consumer sector updates for the second week of January 2017 are as follows:
- Moody’s Investors Service has provided its views on Coty’s (COTY) acquisition of Younique.
- Graphic Packaging Holding Company (GPK) announced its new share repurchase program.
- Moody’s has upgraded Mohawk Industries’s (MHK) senior unsecured rating.
- Sonoco Products (SON) announced the price increase of uncoated recycled paperboard.
- Mondelez International (MDLZ) announced its new price increase plans.
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 Coty (COTY).