Consumer Discretionary Select Sector SPDR ETF (XLY) - NYSEARCA
  • May 19, 2015, 10:03 AM
    | May 19, 2015, 10:03 AM | 2 Comments
  • May 19, 2015, 9:05 AM
    | May 19, 2015, 9:05 AM | 1 Comment
  • May 16, 2015, 10:28 AM
    • The retail sector jumps into the spotlight next week with heavyweights Target (NYSE:TGT), Home Depot (NYSE:HD), Lowe's (NYSE:LOW), and Wal-Mart (NYSE:WMT) all scheduled to report Q1 earnings.
    • Retail sales in the U.S. have only recovered slightly in March and April after dropping off from December to February. The flat M/M reading for April deflated the theory that cold weather and a West Coast port slowdown was holding back growth. Many of the rosy forecasts over the impact of sub-$3 gas prices have also been wadded up.
    • The spotlight is now back on the consumer with some some economists reviving classic Milton Friedman behavioral economics to explain the cautious spending trend - while others point to the millennial generation which is online and thrifty.
    • E-commerce accounted for over half the growth of U.S. retail sales in Q1 with a tally of $80.3B (+14.5% Y/Y). The Big 4 reporting this week will all talk e-commerce and others ways they are adapting away from the pure brick-and-mortar model.
    • Earnings conference calls from the quartet should be illuminating as analysts focus on Wal-Mart's new partnership with Alibaba and free shipping service, Target's grocery ambitions, Home Depot's pro/contractor business, and Lowe's view on SG&A.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK.
    | May 16, 2015, 10:28 AM | 11 Comments
  • May 13, 2015, 12:24 PM
    • Amherst Pierpont has a positive take on today's U.S. Retail Sales report, noting the upward adjustment to March nearly offsets the April shortfall.
    • "This is nothing that could not be easily fixed with another modest upward revision a month from now," reads a note from the trading firm.
    • Capital Economist's Paul Ashworth is bearish on the report. The economist says the weak monthly tally calls into question if cold weather was truly behind the soft consumer spending seen in February and March.
    • The National Retail Federation points to the "anemic" growth seen in the year-over-year retail sales compares.
    • Retail giants Wal-Mart (WMT -0.9%), Target (TGT -0.8%), and Costco (COST -0.4%) are all lower on the day.
    • Dollar General (DG -1.2%) and Dollar Tree (DLTR -1.1%) are also out of favor.
    • Previously: Retail sales continue to slow
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, RCD, PMR, UGE, SZK.
    | May 13, 2015, 12:24 PM | 2 Comments
  • May 12, 2015, 9:06 AM
    | May 12, 2015, 9:06 AM
  • May 7, 2015, 2:25 PM
    • Though store traffic and in-store engagement rose in April, a cautious spending trend held back retail sales, according to Euclid Analytics.
    • The research firm estimates sales were down 2.1% for the clothing/accessories category and slipped 1.6% in the general merchandise category.
    • Storefront conversion (traffic into stores) rose 60 bps Y/Y and 50 bps Q/Q in April as promotions were dialed up in the sector.
    • The bounce rate of shoppers (visits less than 5 minutes) fell to a 12-month low during the month.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, RCD, PMR, UGE, SZK.
    | May 7, 2015, 2:25 PM
  • May 6, 2015, 9:08 PM
    • The city council in Emmeryville, California has given approval to hike the minimum wage in the city to $16 per hour by 2019.
    • The $16 minimum wage level planned for Emmeryville is higher than the minimum wage in any other U.S. city.
    • Labor costs have become a bigger factor in Q1 earnings reports and 2015 guidance in the retail sector with the restaurant and apparel industries feeling the sharpest sting.
    • ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR
    | May 6, 2015, 9:08 PM | 11 Comments
  • May 5, 2015, 9:06 AM
    | May 5, 2015, 9:06 AM
  • Apr. 28, 2015, 9:06 AM
    | Apr. 28, 2015, 9:06 AM
  • Apr. 24, 2015, 8:44 AM
    • Is the retail rally over? After a 10-month period in which the SPDR S&P Retail ETF (NYSEARCA:XRT) outperformed the S&P 500 by 1.2K basis points, since April 2 the XRT has underperformed by 270 basis points - off 0.4% as the S&P 500 has added 2.3%.
    • The reversal comes alongside a major bounce in oil, up more than 30% since bottoming in mid-March. The thinking isn't too complicated - falling oil prices put more money in consumers pockets to spend at places like Wal-Mart, and surging oil prices is pulling money out.
    • As it turns out though, consumers didn't spend as much of the saved money as thought, with core retail sales shy of estimates for the last four months, and the savings rate hitting its highest level since December 2012.
    • Source: Bloomberg
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK
    | Apr. 24, 2015, 8:44 AM
  • Apr. 21, 2015, 9:05 AM
    | Apr. 21, 2015, 9:05 AM
  • Apr. 14, 2015, 10:13 AM
    • Retail sales could see a larger impact from tax refund spending this year, according to ICSC.
    • 66% of U.S. consumers expect a refund this year from Uncle Sam.
    • 47% of consumers polled said they would use the money to buy goods and services, while only 17% planned to use the refund to pay down debt.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, PEZ, PSCD
    | Apr. 14, 2015, 10:13 AM
  • Apr. 14, 2015, 9:05 AM
    | Apr. 14, 2015, 9:05 AM
  • Apr. 13, 2015, 4:53 AM
    • U.S. consumer stocks have been flying off the shelves, as tumbling oil prices boost Americans' spending power, but some investors are beginning to suffer from sticker shock.
    • Consumer discretionary stocks in the S&P 500 have risen 18.8% in the last six months, outpacing the 10.3% gain in the broader S&P 500, and the segment recently displaced healthcare as the most widely owned sector among stock pickers, according to Bank of America Merrill Lynch.
    • The rally still has some analysts and portfolio managers worried due to elevated valuations and increasing oil prices over the last month is also raising concerns.
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, PEJ, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, PSL, UGE, RCD, PEZ, PSCC, PSCD, SZK
    | Apr. 13, 2015, 4:53 AM
  • Apr. 8, 2015, 11:22 AM
    • Imports to West Coast ports are expected to increase 8% Y/Y in March as the backlog over the last few months is cleared.
    • The return to normalcy should help retailers which were forced to take on extra shipping costs amid the dispute between the Pacific Maritime Association and the International Longshore and Warehouse Union.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK
    | Apr. 8, 2015, 11:22 AM
  • Apr. 7, 2015, 5:21 PM
    • Clothing and accessory sales fell 1.1%, according to a report from Euclid Analytics.
    • The category trailed the 2.9% growth seen for general merchandise.
    • An earlier Easter this year provided a boost to March sales.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK
    | Apr. 7, 2015, 5:21 PM
XLY Description
The Consumer Discretionary Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Consumer Discretionary Select Sector Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
Sector: Services
Country: United States
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