Yesterday’s Consumer Drops: HRL, ADM, HAS, and MAT
Price movement of S&P 500 indexes
On April 5, 2016, the S&P Consumer Staples slightly outperformed the S&P 500 and the S&P Consumer Discretionary as a whole. The indexes had respective returns of -0.67%, -1.0%, and -0.84%.
On the other hand, the S&P 500 stocks had a monthly return of 6.6%. This is much higher than 6.5% and 4.3% from the S&P Consumer Discretionary and the S&P Consumer Staples, respectively.
Which stock lost the most on April 5?
The stock with the highest losses as of April 5, 2016, were as follows:
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Hormel Foods (HRL) fell by 3.0% with the “underweight” rating from BB&T Capital Markets.
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Archer Daniels Midland (ADM) fell by 2.6%.
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Hasbro (HAS) fell by 2.4%.
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Mattel (MAT) fell by 2.2%.
In this series, we’ll take a look at the above stocks’ performances, price movements, and latest quarterly results.
The Consumer Staples Select Sector SPDR Fund (XLP) tracks a market-cap-weighted index of consumer staples stocks drawn from the S&P 500. XLP is the ETF of consumer goods.
Next, we’ll look at Hormel Foods’ rating.
Browse this series on Market Realist: