Streetbeat News

XLP

Consumer Staples Select Sector SPDR Fund

https://www.ssga.com/us/en/intermediary/etfs/funds/the-consumer-staples-select-sector-spdr-fund-xlp

Industry

Asset Management

In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Consumer Staples companies by the GICS®. It is non-diversified.

Open

79.90

Mkt cap

17B

Volume

7.7M

High

80.22

P/E Ratio

27.35

52-wk high

84.53

Low

79.53

Div yield

0.03

52-wk low

69.57

Walmart Inc. (NYSE:WMT) is trading higher premarket after announcing new initiatives for the holiday season, including category expansion and multichannel fulfillment. The company also sold its stake in JD.com Inc. (NASDAQ:JD) and reported strong earnings. Investors can gain exposure through ETFs like SPDR Select Sector Fund – Consumer Staples (NYSE:XLP) and Fidelity MSCI Consumer Staples Index ETF (NYSE:FSTA).

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 1:39 pm

Wall Street showed mixed performance as investors await key events, including Nvidia's earnings and a crucial inflation report. Cruise lines rallied, while oil prices and energy stocks fell. Notable stock movements included Paramount Global's decline and CAVA Group's drop due to insider selling.

Portfolio Pulse from Piero Cingari

August 27, 2024 | 5:40 pm

Goldman Sachs analyst Kate McShane highlights Foot Locker's digital rebound with increased app downloads and Costco's new membership scanning rules. Foot Locker's app downloads have shown a positive trend, while Costco's membership fees remain crucial to its business model.

Portfolio Pulse from Lekha Gupta

August 26, 2024 | 5:43 pm

The Dow Jones reached record highs amid geopolitical tensions, while tech stocks, especially semiconductors, fell. Oil prices surged due to Middle East tensions, impacting markets. PDD Holdings dropped 29% on weak results, while Petrobras rose 6% after an upgrade.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 5:30 pm

Stocks trimmed gains on Wednesday due to a downward revision in nonfarm payrolls, indicating a weaker labor market. Target surged on strong earnings, while Macy's fell after lowering revenue guidance. Investors are anticipating the Fed's July meeting minutes.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 5:47 pm

The S&P 500 and Nasdaq 100 indices ended their 8-day winning streak due to a lack of economic data and hawkish comments from Fed Governor Michelle Bowman. Major drags included Nvidia, Exxon Mobil, and energy stocks, while some sectors like consumer staples and healthcare saw gains.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 8:39 pm

Wall Street experienced a downturn with all major U.S. indices trading in the red. The S&P 500 and Nasdaq 100 are at risk of ending their eight-day winning streak. The U.S. dollar fell to an eight-month low, impacting the Invesco DB USD Index Bullish Fund ETF (UUP). Treasury yields declined, benefiting the iShares 20+ Year Treasury Bond ETF (TLT). Notable stock movements included Palo Alto Networks' 8.6% rise due to strong earnings, while Boeing fell over 4% after grounding its 777X test fleet.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 5:45 pm

The S&P 500 and Nasdaq 100 are targeting their eighth consecutive gain as traders anticipate interest rate cuts from the Federal Reserve. The U.S. dollar's decline has boosted emerging markets and small caps, with ETFs like EEM and IWM seeing gains. McDonald's, AMD, and GM stocks rose due to positive news, while Amer Sports surged ahead of earnings.

Portfolio Pulse from Piero Cingari

August 19, 2024 | 5:39 pm

Analysts from Tesley Advisory Group expect Target Corporation (NYSE:TGT) and Ross Stores, Inc. (NYSE:ROST) to post higher revenues for the second quarter due to resilient consumer spending. Target's revenue is forecasted to rise by 2% to $25.3 billion, while Ross Stores' revenue is expected to jump by 6.9% to $5.28 billion. Both companies have received positive ratings from analysts.

Portfolio Pulse from Michael Juliano

August 17, 2024 | 4:46 pm

Walmart Inc (NYSE:WMT) shares are trading higher after announcing strong Q2 2025 results and raising full-year guidance. Despite concerns about consumer spending, JP Morgan analyst Christopher Horvers maintains an Overweight rating on WMT, anticipating a positive stock price reaction. Investors can also gain exposure via Vanguard Consumer Staples ETF (NYSE:VDC) and SPDR Select Sector Fund – Consumer Staples (NYSE:XLP).

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 6:14 pm

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