Seeking Alpha

Consumer Discretionary Select Sector SPDR ETF (XLY)

  • Jun. 25, 2013, 10:43 AM
    Short interest in S&P 500 stocks has virtually disappeared, but what few remain are concentrated in Telecom (IYZ), Commercial Services, Semiconductors (XSD), Consumer Durables (XLY), and Retail (XRT). Where they're not are in Household Goods (XLP), Autos (CARZ), and Utilities (XLU, IDU).
    | Comment!
  • Jun. 8, 2013, 4:38 PM
    The percentage of the stock market now owned by hedge funds (5%) is the highest since Q2 2008, BofA Merrill Lynch finds in its Hedge Fund Quarterly Report. Hedge funds reduced cash holdings to the Q2 2007 trough of 4.3%, and raised net equity exposure to the Q2 2007 peak of 59%. Their largest exposure is to consumer discretionary stocks (XLY) followed by IT (XLK) and financials (XLF).
  • May. 6, 2013, 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
  • May. 3, 2013, 8:00 AM
    "We don't want to sell in May and we continue to prefer cyclicals (XLY, XLI, XLB, XLE) ," says JPMorgan's Tom Lee, fully returned to his normal bullish stance. He notes client positioning is "dramatically different" from the heavily long stance of the last 3 years at this time. More, the downturn in gasoline prices could ad 50 bps to GDP in Q2, and the rally in high-yield suggests the economy is set to get stronger.
    | 1 Comment
  • Apr. 29, 2013, 7:23 AM
    Consumer spending watch: Gas prices are down 28% since February's peak and analysts see another 20% drop coming up in the next few months. A rough estimate of the impact of lower gas prices on consumer spending is that a dime drop translates into $13B back into the wallets of consumers. Companies that could see a boost from the trend include Wal-Mart (WMT), Target (TGT), and Costco (COST) - while ETFs such as Consumer Discretionary Select Sector SPDR (XLY), Vanguard Consumer Discretionary (VCR), PowerShares Dynamic Consumer Discretionary (PEZ), and Market Vectors Retail (RTH) could also benefit.
  • Apr. 18, 2013, 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
  • Apr. 8, 2013, 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%.
  • Apr. 3, 2013, 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!
  • Mar. 19, 2013, 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
  • Mar. 15, 2013, 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!
  • Mar. 12, 2013, 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.
  • Mar. 8, 2013, 2:59 PM
    A check of sector performance YTD finds financials (XLF), consumer discretionary (XLY), healthcare (XLV), consumer staples (XLP), energy (XLE), and industrials (XLI) all ahead of SPY's 9% gain. Utilities (XLU) are lagging just a bit, but the biggest drag is tech (XLK), up 4.9%. Not bad considering Apple's 19% decline.
    | Comment!
  • Mar. 5, 2013, 3:36 PM
    Retailers worried about delayed tax refunds won't have to wait too much longer as 85% of Americans expect to get a refund, according to Capital One, with 35% of those planning to spend all or part of it - roughly inline with previous years. Tax hikes: 42% are aware of their shrinking paycheck this year, but 30% had no idea.
    | Comment!
  • Feb. 28, 2013, 9:28 AM
    Daily ETF flows show a lot of action in the SPDR Retail ETF (XRT), which added 8.6% to AUM amid a lot of news and movement in the sector yesterday. The VXX - which saw a big run-up in price and interest over the past week - saw assets flee (-15.6%) as stocks rebounded and volatility dropped.
    | 1 Comment
  • Feb. 15, 2013, 2:41 PM
    The XLP, XRT, and XLY all give up gains and turn lower following Wal-Mart sounding the warning over the effects of the payroll tax hike. It's fascinating that it took markets until just now to react to what was crystal clear 6 weeks ago.
  • Feb. 7, 2013, 9:14 AM
    Retail ETFs (XRT, XLY, PMR, RTH) suddenly look a bit more attractive with a rush of department stores reporting stronger-than-expected January same-store sales. Though part of the gains were from a calendar effect and pent-up demand due to the fiscal cliff drama, in the larger context key firms (JWN, M, URBN) are proving that their omni-channel approach to sales through seamlessly tying in mobile devices to web and brick-and-mortar strategy is working.
    | Comment!
Visit Seeking Alpha's
XLY vs. ETF Alternatives
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
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub