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Consumer Sector Insights for December 18–22, 2017

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Market and consumer sector’s performance

The S&P 500 Index (SPY) (SPX-Index) finished the week before Christmas with a slight gain of 0.28% led the sectors’ mixed performances. While the energy, retail, and materials sectors drove the markets higher, the utility and healthcare sectors dragged the markets down.

The consumer staples sector reported a loss of 0.18%. Philip Morris International (PM), Costco Wholesale (COST), Campbell Soup (CPB), Kraft Heinz (KHC), and Estee Lauder Companies (EL) stock fell last week.

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The consumer discretionary sector rose 0.97% last week led by a rise in the stock price of Discovery Communications (DISC), Darden Restaurants (DRI), Tractor Supply (TSCO), Viacom (VIAB), and Ralph Lauren (RL). Brokerage firms upgraded and increased the target price for some of these stocks. Darden Restaurants released its quarterly earnings last week. We’ll look at the earnings results later in this series.

Consumer sector ETFs had another week of mixed performances. After taking a hit the previous week, the SPDR S&P Retail ETF (XRT) started rising last week. XRT was the second-highest gainer among sector-based ETFs. It rose ~3% for the week ending December 22. The Consumer Discretionary Select Sector SPDR Fund (XLY) also had a productive week with a gain of 1.03%.

Meanwhile, the Consumer Staples Select Sector SPDR ETF (XLP) reported a slight loss of 0.02%.

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