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Consumer Staples Select Sector SPDR ETF

5/24/2013, 3:09 AM ET

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Monday, May 6, 7:27 AM The S&P 500 (SPY) is fairly valued, says Goldman, but opportunity lies in cyclicals (XLY, XLE, XLI, XLB) which are more undervalued vs. defensives (XLU, XLP, XLV, XTL) than at any time in the last 15 years. "Given the 4 P/E multiple point head start, even a slight valuation normalization should translate into outperformance of cyclicals over defensives during the next 12 months." 1 Comment
Friday, May 3, 12:54 PM Stocks remain sharply higher midday (SPY +1.2%), with the year's leaders - healthcare (XLV +0.7%), utilities (XLU +0.2%), and staples (XLP +0.7%) - lagging, and the year's laggers - industrials (XLI +2.1%), tech (XLK +1.1%), and energy (XLE +1.9%) - leading. Treasurys (TLT -2.1%) are suffering one of their worst days of the year, and broader fixed income (AGG -0.3%). 1 Comment
Friday, April 26, 8:34 AM The beginning of a bigger move? Two of the year's three strongest performing sectors - healthcare (XLV) and consumer staples (XLP) - are down on the week as the three weakest sectors - energy (XLE), materials (XLB), and tech (XLK) - post gains of 3%-4.5%. 2 Comments
Wednesday, April 24, 10:48 AM The rough patch hit by Procter & Gamble in emerging markets isn't giving unnoticed by some of its peers with Kimberly-Clark (KMB -1.2%), Colgate-Palmolive (CL -1.7%), and Clorox (CLX -1.5%) all showing weakness. ETF watch: Is the frothy run of consumer staple ETFs (XLP, FXG, VDC) at risk of running out of steam as sector rotation picks up? 2 Comments [Consumer, On the Move, Quick Ideas]
Wednesday, April 24, 9:20 AM "To say that the advance has gotten ahead of fundamentals is an understatement," says iShares' Russ Koesterich, suggesting investors lighten up on red-hot consumer staples (XLP, IYK) holdings. He questions the conventional wisdom saying staples are not immune to consumer spending slowdowns, and further, he argues, how many companies are really pure staples plays? Comment! [Consumer]
Thursday, April 18, 3:14 PM The bear market in a gold is a signal China, emerging markets, and commodities (DBC) in general are through leading the markets, argues BAML, which reminds the peak for the metal occurred nearly 2 years ago. "In all scenarios, it's good for the U.S. dollar (UUP)." Looking back at 9 other sharp declines in gold since 1975, the team finds equities rally, led by consumer (XLP, XLY) and energy stocks (XLE) once the metal stabilizes. 1 Comment [Commodities, Global & FX]
Monday, April 8, 2:17 PM Moderate early losses are erased and stocks turn higher in afternoon trade, SPY +0.35%, QQQ +0.3%. Consumer goods stocks lead the way, the XLP +0.8%, the XLY +0.7%. 5 Comments
Wednesday, April 3, 3:02 PM The S&P and DJIA may have just hit new all-time highs, but the Health Care (XLV), Consumer Staples (XLP) and Discretionary (XLY) sectors left their records in the dust some time ago. Technology (XLK) and Financials (XLF) are the two biggest sectors and it could be years, if not decades before they put in new records. Comment!
Tuesday, April 2, 1:22 PM Already the best sector YTD, Healthcare widens its lead even further thanks to hikes in Medicaid Advantage rates. The XLV's 17.1% gain is more than 200 bps greater than 2nd place Consumer Staples (XLP), and about 700 bps better than SPY. Getting a relative drubbing are Materials (XLB) and Tech (XLK) - each up less than 4%. Comment!
Wednesday, March 27, 3:07 PM Updating its ETF matrix, Bespoke finds all the major U.S. index ETFs up about 10% YTD, with the leading sectors health care (XLV) and consumer staples (XLP) - each up more than 13%. Dragging are telecom (IYZ), materials (XLB), and tech (XLK). About all country ETFs are in the red, with the exceptions of Japan (EWJ) and Mexico (EWW). Leading everything is natural gas (UNG), up 17.7%. Comment!
Wednesday, March 27, 8:39 AM Has the rally in consumer staples (XLP) stocks run its course? A group of large well-known defensive stocks have been on the offensive in 2013 with all-time highs falling left and right to stretch some valuations beyond historic norms. Though upgrades on the sector are still piling in, skeptics are advising investors to tread carefully. On watch: PG, CLX, KO, K, GIS, CL, BUD, EL. 3 Comments [Consumer, Quick Ideas]
Friday, March 22, 4:32 PM The week's ETF movers - Gainers: AMJ +3.37%. VXX +2.24%. GDX +2.20%. XLP +2.13%. UNG +1.98%.
ETF Losers: EPI -5.54%. BRF -4.26%. KOL -3.67%. EWZ -3.64%. FCG -3.43%. Comment! [On the Move]
Tuesday, March 19, 10:41 AM The market (SPY) is still a buy, says Investors Intelligence's Tarquin Coe, monitoring the "need vs. want" trade. The ratio between the consumer discretionary ETF (XLY) and the consumer staples ETF (XLP) remains in an uptrend, he notes, with a test of the 2007 peak in sight. 1 Comment
Friday, March 15, 2:53 PM Consumer wrapup: An improved jobs situation and a break upward in the value of houses seems to be trumping higher payroll taxes as consumers continue to spend more than some of the more dire forecasts for the first half of 2012 foreshadowed. By sector, Staples (XLP), Discretionary (XLY), and Retail (XRT) are all double-digit gainers for the year, while defensive-oriented plays (PG, CLX, CL, REV, GIS) have been busy tracking higher. A couple of retail powerhouses - Wal-Mart (WMT) and TJX Companies (TJX) - haven't joined the 2013 frivolity just yet and the department store group (M, SKS, DDS, JWN, KSS, JCP) has lagged. Comment! [Consumer, Quick Ideas]
Friday, March 15, 10:13 AM Consumer Staples Select Sector SPDR ETF (XLP) announces quarterly distribution of $0.1909. 30-day SEC yield of 2.38% (as of 03/14/2013). For shareholders of record Mar. 19. Payable Mar. 25. Ex-div date Mar. 15. Comment! [Dividends]
Tuesday, March 12, 9:48 AM The trailing P/E ratio on the S&P 500 (SPY) has creeped up to 15.25 from just above 13 late last spring, writes Bespoke. There's nothing unusual about rising valuations during rallies, they say, but keep it on your radar. Contributing most of late to rising multiples have been Staples (XLP) and Discretionary (XLY), but dividend favorites Telecoms (XTL) and Utilities (XLU) continue to trade at nosebleed (for them) valuations. 3 Comments