- The Consumer Staples ETF (NYSEARCA:XLP) is only down 1.01% despite the drag exerted by Procter & Gamble (-3%) and Coca-Cola (-1.5%) which account for over 22% of the fund's holdings.
- The fund also holds drugstore chains CVS Health and Walgreen Boots Alliance which pulls in a healthcare aspect to the total return of the consumer staples tracker.
- Tobacco stocks also sometimes zig when staples zag to help smooth out returns.
- Previously: Procter & Gamble misses by $0.07, misses on revenue
- Previously: Foreign exchange takes a toll at Procter & Gamble
Consumer staples ETF holds up despite P&G weakness
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About XLP ETF
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Symbol | Last Price | % Chg |
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XLP | - | - |
Consumer Staples Select Sector SPDR® Fund ETF |