Who Were the Outliers in the Consumer Space?
Yesterday’s Consumer Pops and Drops: TUP, F, GIL, ECL, and LEG
Price movement of S&P 500 indexes
On February 24, 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 0.59%, 0.30%, and 0.44%.
On the other hand, the S&P Consumer Staples stocks have a monthly return of 0.45%, which is much higher than the -5.1% and -5.2% from the S&P 500 and the S&P 500 Consumer Discretionary, respectively.
Top losers on February 24
The top-losing stocks as of February 24, 2016, are as follows:
Tupperware Brands (TUP) fell by 4.3% due to violations of SEC laws in regards to financial reporting.
Ford Motor (F) fell by 2.7%.
BRF (BRFS) fell by 1.2% due to the downgraded rating for Brazil’s debt from Moody’s.
Top gainers on February 24
The top-gaining stocks as of February 24, 2016, are as follows:
Gildan Activewear (GIL) rose by 3.6% due to a rise in net sales and net income in fiscal 4Q15.
Ecolab (ECL) rose by 2.0%.
Leggett & Platt (LEG) rose by 1.2%.
Steven Madden (SHOO) rose by 2.3% due to improved performance in 4Q15.
In this series, we will take a look at the above stocks’ performances, price movements, and latest quarterly results.
The Consumer Staples Select Sector SPDR Fund (XLP) tracks a market-cap-weighted index of consumer staples stocks drawn from the S&P 500.
We’ll begin with Tupperware Brands.
Browse this series on Market Realist:
