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Your Consumer Sector Insights from Last Week

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Market and consumer sector’s performance last week

The 3Q17 earnings season ended with 99% of companies in the S&P 500 Index (SPY) (SPX-Index) reporting their earnings, according to Factset. The index finished the week ended December 1 with a gain of 1.5%.

The consumer staples sector rose 2.3%, led by Kroger (KR), Costco Wholesale (CORP), Campbell Soup (CPB), Hormel Foods (HRL), and CVS Health (CVS). Kroger released its quarterly earnings just last week.

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The consumer discretionary sector gained ~2.1% last week, led by the rise in stock price of L Brands (LB), Advance Auto Parts (AAP), Macy’s (M), Discovery Communications (DISC), and Nordstrom (JWN). Costco and L Brands reported a rise on November sales results, while CVS rose on the back of acquisition talks.

Consumer sector-based ETFs had a productive week ended December 1, led by a rise in the stock prices of consumer staples and discretionary companies. The SPDR S&P Retail ETF (XRT) had the highest gain of 4.8% last week. The Consumer Discretionary Select Sector SPDR Fund (XLY) and Consumer Staples Select Sector SPDR ETF (XLP) gained 2.1% and 2.6%, respectively.

As of December 1, the S&P 500 Consumer Discretionary Index (18.5%) has outperformed the S&P 500 Index (18.0%) and the S&P 500 Consumer Staples Index (8.6%) on a year-to-date basis.

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