Who Were the March 24 Outliers in the Consumer Space?
Yesterday’s Consumer Pops and Drops: HAS, MO, HIS, PM, and ECL
Price movement of S&P 500 indexes
On March 24, 2016, the S&P Consumer Discretionary slightly outperformed the S&P 500 and the S&P Consumer Staples as a whole. The indexes had respective returns of 0.09%, -0.04%, and -0.05%.
Along those same lines, the S&P Consumer Discretionary stocks have a monthly return of 0.24%, which is much higher than the -0.41% and 0.06% from the S&P 500 and the S&P Consumer Staples, respectively.
Top losers on March 24
The top-losing stocks on March 24, 2016, were as follows:
Hasbro (HAS) fell by 0.99%.
Altria Group (MO) fell by 0.86% after Bank of America Merrill Lynch downgraded the company’s rating to “neutral.”
Mattel (MAT) fell by 0.37%.
Top gainers on March 24
The top-gaining stocks on March 24, 2016, were as follows:
General Mills (GIS) rose by 0.57% with the increase in the price target by BMO Capital Markets.
Philip Morris (PM) rose by 0.52% with a “buy” rating from Bank of America Merrill Lynch.
Ecolab (ECL) rose by 0.48% with the increase in the price target by Credit Suisse.
The Consumer Staples Select Sector SPDR Fund (XLP) tracks a market-cap-weighted index of consumer staples stocks drawn from the S&P 500.
Let’s start by looking at Hasbro.
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