|Bid||50.69 x 2900|
|Ask||50.70 x 47300|
|Day's Range||50.65 - 51.39|
|52 Week Range||48.76 - 58.95|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
Fundstrat's Robert Sluymer makes a contrarian trade war call. 3 beaten stocks to buy right now. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Karen Finerman, Brian Kelly and Guy Adami.
Stephanie Link, Nuveen; Paul Hickey, Bespoke Investment Group; and CNBC's Mike Santoli discuss the day's market activity following the announcement the US would be placing tariffs on steel and aluminum products from Europe, Canada and Mexico.
Yahoo Finance's Seana Smith and Jared Blikre on midday market action.
Alan Valdes of Silverbear Capital joins Yahoo Finance's Jen Rogers from the floor of the New York Stock Exchange to discuss the latest market moves.
Trade concerns are sinking stocks Monday morning, and with the potential for a small pullback, it may finally be time for consumer staples to shine, argues Bay Crest Partners' Jonathan Krinsky. Last November, Barron's warned that the consumer staples sector would underperform, and we were right: The Consumer Staples Select Sector SPDR ETF (XLP) is down nearly 10% year to date through the end of last week, compared with the S&P 500's 4% gain. However, in recent weeks the sector has gotten a bit of relief. This comes as Krinsky sees signs of a bit of deterioration in market sentiment: He argues that S&P e-mini futures (a fifth the size of the index's regular futures) are close to giving a "sell signal," and while this may not be a reason to worry medium-term, there's reason to think "a pause to refresh makes sense here." In such an environment, staples' defensive nature may help them continue recent strength, and Krinsky writes that there are "some good set-ups in the space." His recommendations are Archer Daniels Midland (ADM), General Mills (GIS), Kraft Heinz (KHC), and Walgreens Boots Alliance (WBA).
U.S. stocks fell broadly on Friday, as an escalation in trade tensions between the U.S. and China weighed on risk assets, though areas of the market considered safer traded up on the day.
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.
For conservative investors, consumer staples have often been a great go-to sector for defense and a hefty dose of dividends. Because of this steady nature, consumer staples typically offer low, but predictable growth, cash flows and large dividend yields. One changing consumer tastes have hurt some classic providers of foods/products.
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.
Consumer staple stock Costco Wholesale Corp. ( COST) could hit a record high, fueled by a seemingly unusual source—higher gasoline prices. While higher gas prices tend to squeeze consumer budgets, leaving them little room to purchase other goods, Costco is one company that might actually benefit.
This year has been a painful one for consumer staples, as Barron's had predicted. At the close of trading Tuesday, it was the worst-performing sector in the S&P 500, falling 13.2%, and with individual industries, including household products, tobacco, and brewers faring even worse, dropping 17.4%, 23.6%, and 25% year to date, respectively.
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.
At the end of May 21, Altria Group (MO) was trading at $55.64, a decline of 22.1% from the beginning of this year. In Q1 2018, the company had posted adjusted EPS (earnings per share) of $0.91 on net revenues of $4.7 billion. Analysts were expecting EPS of $0.80 on revenues of $4.8 billion. Although Altria outperformed analysts’ EPS estimate, the stock price of the company declined due to a dip in cigarette shipment volumes of 4.2%. Also, the uncertainty surrounding the long-term potential of Philip Morris International’s iQOS has made investors skeptical about Altria’s future earnings.
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.
Crude oil continued to climb higher this week due to global political risks and the end of the Iran deal, trending in the first place for the second consecutive week.
Shares of household and personal care product manufacturers Procter & Gamble (PG), Clorox (CLX), Colgate-Palmolive (CL), and Kimberly-Clark (KMB) are underperforming the broader markets. Despite the fact that these companies have reported improvements in their volumes and earnings growth rates, investors don’t seem interested in giving them the benefit of the doubt.
Consumer staples has been the worst performing sector this year, falling 13% year-to-date, even as the S&P 500 has gained 1.5% overall. Despite the big drop, Credit Suisse downgraded consumer staples to Underweight in their monthly report today. Strategist Jonathan Golub points out the sector's weak fundamentals, including those narrowing margins and their lackluster revenues and earnings, and also highlights their valuations, which aren't exactly cheap.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
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.
The consumer staples sector is an important sector in the S&P 500 Index (SPY). It is also an important sector for investors due to its defensive nature. The Consumer Staples Select Sector SPDR ETF (XLP), which tracks the performance of the consumer staples sector, fell 4.1% in April 2018, while the broader market S&P 500 Index (SPY) rose 0.28%.
With the start of the 1Q18 earnings season, last week was positive for the sectors in the S&P 500. The S&P 500 Index (SPY) saw a slight decline of 0.01% due to a fall in the technology, financial, materials, and industrial sectors.