Who Were the Outliers in the Consumer Space?
Yesterday's Consumer Pops and Drops: NWL, COTY, TEN, and HAS
Price movement of S&P 500 indexes
On February 8, 2016, the S&P Consumer Staples Index had slightly outperformed the S&P 500 Index and the S&P Consumer Discretionary Index as a whole. These indexes had respective returns of -0.25%, -1.4%, and -2.0%. The S&P 500 Consumer Staples stocks are usually relatively safer options in a volatile market.
Along those same lines, the S&P Consumer Staples stocks have a monthly return of 0.45%, which is much higher than the returns of -5.1% and -5.2% from the S&P 500 and the S&P 500 Consumer Discretionary Indexes, respectively.
Top loser on February 8, 2016
The top losing stocks as of February 8, 2016, are as follows:
Newell Rubbermaid (NWL) fell by 6.0%.
Coty (COTY) fell by 4.9% with the breach of fiduciary duty by the company.
Harman International Industries (HAR) fell by 4.6%.
Mondelez International (MDLZ) fell by 3.6%.
Tenneco (TEN) fell by 3.0%.
Top gainer on February 8, 2016
The top gaining stock as of February 8, 2016, is:
Hasbro (HAS) rose by 1.4% due to the increase in revenue and income in fiscal 4Q15 and fiscal 2015.
In the following articles, we will take a look at the above stocks’ performances, price movements, and latest quarterly results.
The Consumer Staples Select Sector SPDR ETF (XLP) tracks a market-cap-weighted index of consumer staples stocks drawn from the S&P 500. XLP is the ETF of consumer goods.
Browse this series on Market Realist: