|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||139.00 - 140.85|
|52 Week Range||126.78 - 151.29|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.31|
|Expense Ratio (net)||0.10%|
CNBC's Dominic Chu breaks down which stocks are leading the consumer staples sector, which has been on a "roller-coaster ride" over the last couple of years.
Consumer staples ETFs are attracting investors again, and it's easy to see why. Procter & Gamble, Coca-Cola, Walmart and their peers outshine in tough times.
For much of 2018, consumer staples lagged the stock market. The second half of the year is going better, resulting in two consumer staples ETFs that are outperforming while the broad market corrects.
The Coca-Cola Company decided to take a deep dive into the global coffee business with a $5.1 billion purchase of UK coffee chain Costa. Coca-Cola hopes to leverage its expansive distribution network to take on the likes of Starbucks. ETFs with the heaviest weighting of Coca-Cola were up slightly despite shares of the beverage company inching lower by a dime as of 10:45 a.m. ET-- Consumer Staples Select Sector SPDR ETF (XLP) gained 0.12%, Fidelity MSCI Consumer Staples ETF (FSTA) was up 0.14% and Vanguard Consumer Staples ETF (VDC) rose 0.21%.
Learn how Walmart has increased its online presence, and discover three ETFs that provide solid exposure to the discount retailer.
Entering Monday, the Consumer Staples Select SPDR (XLP) was down 8% year-to-date while the S&P 500 was higher by 3.8%. It is not often that the normally conservative consumer staples sector lags the broader market by such a wide margin. XLP devotes more than half its weight to beverage makers and food and staples retailers.
E*TRADE Financial Corporation today announced it has surpassed 250 commission-free ETFs with the addition of 46 ETFs from six providers to its Commission-Free ETF Pr
Nearly halfway through 2018, it is fair to say the consume staples sector is disappointing. The Consumer Staples Select SPDR (XLP) , the largest exchange traded fund dedicated to the sector, is off about 10% year-to-date, underscoring the point that consumer staples is one of the worst-performing groups in the S&P 500 this year. XLP devotes more than half its weight to beverage makers and food and staples retailers.
The consumer staples sectors is the worst-performing group in the S&P 500 this year. The S&P 500 Consumer Staples Index closed May with a year-to-date loss of more than 12%, but some of the industry groups within the sector are sporting larger losses, weighing on the Consumer Staples Select SPDR (XLP) and other staples exchange traded funds in the process. XLP devotes more than half its weight to beverage makers and food and staples retailers.
Let's have a look at some ETFs that are poised to benefit from global trade war fears and some that are likely to be affected.
Consumer staples stocks and the related exchange traded funds have been struggling this year as highlighted by a year-to-date decline of more than 12% for the Consumer Staples Select SPDR (XLP) , the largest ETF tracking the sector. Staples are the sixth-largest sector weight in the S&P 500, but the size of that weight is near its lowest levels in decades. XLP devotes more than half its weight to beverage makers and food and staples retailers.
The combination of rising interest rates and a stronger dollar is plaguing some asset classes and sectors. One of the epicenters of those woes may just be the consumer staples sector. Year-to-date, the usually docile Consumer Staples Select SPDR (XLP) , the largest ETF tracking the consumer staples sector, is lower by more than 13% and things have not been any better for staples funds in recent weeks.
The consumer staples sector has been a dud for much of 2018 and those struggles are continuing in recent days. For example, the Consumer Staples Select SPDR (XLP) , the largest ETF tracking the consumer staples sector, is down more than 6% over the past month, extending its year-to-date loss to over 13%. XLP provides “exposure to companies from the food and staples retailing, beverage, food product, tobacco, household product and personal product industries in the U.S.,” according to State Street.
With core inflation at 1.8%, it is likely that inflation achieves a “two-handle” (2%) soon, and rather than risk falling behind the curve, the Fed might tighten more aggressively. A February report by HSBC economist Stephen King identified all periods since 1990 in which the world economy has delivered synchronized growth. Mr. King finds that each was followed by some kind of economic or financial shock, attributed to excessive optimism and unanticipated shifts in monetary policy.
“Giving up smoking is the easiest thing in the world. I know because I’ve done it thousands of times.” — Mark Twain Tobacco settlement securitization bonds are issued by states to monetize future payments from tobacco companies to help defray ...
The normally boring, defensive consumer staples sector has been anything but this year. The Consumer Staples Select SPDR (NYSEArca: XLP), the largest ETF tracking the consumer staples sector, is lower ...