|Bid||0.00 x 1200|
|Ask||0.00 x 46000|
|Day's Range||53.28 - 53.66|
|52 Week Range||48.76 - 58.95|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
Technically speaking, the bull trend for U.S. stocks has absorbed a respectable mid-August downturn — at least so far, writes Michael Ashbaugh.
soared Friday as investors' worries over bond yields tapered. Consumer staples generally trade inversely to the yield on the benchmark 10-year Treasury as opportunity costs for cash ebb and flow. The SPDR Consumer Staples Fund was up 1.17% to close at $54.29 on August 3.
After a rocky start to the year, Coca-Cola (NYSE:KO) shares are on the mend. Since bottoming in early May, the beverage behemoth is up 12.5% in an impressive bout of relative strength. Part of the gains came in response to the late July earnings release, which beat expectations.
Altria Group (MO) posted its second-quarter earnings results before the market opened on July 26. The company posted adjusted EPS of $1.01 on revenue of $4.88 billion net of excise tax.
After trading nearly a month in a tight band in the 2.80% range, the benchmark 10-year Treasury yield broke out Monday, jumping 10.8 basis points, to 2.955% in early afternoon trading. (A basis point is ...
Philip Morris International (PM) reported its second-quarter earnings before the market opened on July 19. The company posted adjusted EPS of $1.41 on revenues of $7.73 billion. Compared to the second quarter of 2017, the company’s revenues grew 11.7%, while its EPS increased 23.7%.
MARKET PULSE Shares of Clorox Co. (clx) tumbled 4.3% in morning trade Wednesday, after Goldman Sachs turned bearish on the consumer goods company, citing "stretched" valuation and earnings risk, given pricing headwinds.
The consumer-staples sector keeps defying expectations, and not in a good way. The Consumer Staples Select Sector SPDR ETF (XLP) has fallen nearly 8% since the start of the year, despite repeated predictions that ...
As we’ve discussed, Morgan Stanley (MS) has downgraded the technology sector (XLK). The investment company has become more optimistic about defensive sectors, which are less affected by economic fluctuation, due to investors’ growing defensive position.
As reported by CNBC, Morgan Stanley (MS) recently shared its views on market movement, the US economy, and various sectors in a research note. The company wrote that the market is focusing on defensive sectors, which Morgan Stanley expects to play a big role in market movement. Defensive sectors such as the healthcare, utilities, and consumer staples sectors are less affected by economic fluctuation and generally perform well when economic activity slows, whereas cyclical sectors such as the consumer discretionary, technology, and industrial sectors take the backseat.
U.S. stocks finished Thursday's trade solidly higher--a day after the Fourth of July break--as investors appeared to dismiss worries about an impending deadline on trade between the U.S. and China, and the release of minutes from the Federal Reserve that acknowledged the potential for tariff disputes to harm domestic economic expansion. An account of the June meeting from the policy-setting Federal Open Market Committee's two-day convention ended June 13 pointed to unease over trade clashes that could hold back economic growth but not sufficiently to prevent the Fed from hiking benchmark interest rates. Meanwhile, the U.S. is scheduled to impose tariffs on $34 billion of Chinese imports Friday, and China is expected to counter with corresponding tariffs on U.S. imports in less than 24 hours, marking a mounting tit-for-tat conflict between the world's largest economies that has threatened to rattle global markets.
A gain of 12.5% in 2018 for shares of Costco Wholesale Corporation ( COST) was likely helped by bullish unusual trading activity in the stock. Costco's shares have been performing very well this year, even in the face of a weak year-to-date (YTD) performance for the consumer staples sector. With activity like that, it should come as no surprise that Costco stock has trended higher in 2018.
Fortunately for investors, some of the safest stocks to own ahead of market weakness just went on sale. The sector has sold off more than 10% this year and pays a dividend yield 67% #-ad_banner-#higher than the general market. Stocks in the consumer staples space, especially in packaged foods, are getting hammered this year.
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.
Increasing demand for consumer goods reflects higher spending power for consumers, which translates into higher inflation (TIP) in the near term. This makes changes to consumer goods (VDC) new orders a reliable forward indicator. According to the latest Conference Board LEI report, new orders for consumer goods and materials increased to $135.1 billion in May, compared to a revised April reading of $134.8 billion.
General Electric will replace Walgreens Boots Alliance Inc., as one of the 30 components of the 122-year-old Dow Jones Industrial Average. Here’s what that means for one of the oldest equity benchmarks.
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.
President Trump has nominated Brett Kavanaugh to fill Justice Anthony Kennedy’s seat on the Supreme Court. Yahoo Finance’s Seana Smith, Rick Newman and Dion Rabouin discuss.
Yahoo Finance’s Seana Smith and Jared Blikre with the latest market analysis and biggest headlines moving stocks in midday trading Monday.