|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||52.36 - 52.89|
|52 Week Range||48.76 - 58.95|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
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.
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.
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.
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.