Who Were the Outliers in the Consumer Space on May 18?
Yesterday’s Consumer Pops and Drops: HRL, FLO, IP, BGS, and WHR
Price movements of S&P 500 indexes
On May 18, 2016, the S&P 500 slightly outperformed the S&P Consumer Staples and S&P Consumer Discretionary sectors as a whole. The indexes had returns of 0.02%, -1.0%, and -0.58%, respectively.
S&P 500 stocks had a total monthly return of 0.27%, much higher than the 0.05% and -1.5% returns of the S&P Consumer Discretionary and S&P Consumer Staples sectors, respectively.
Top losers on May 18, 2016
The top-losing stocks on May 18, 2016, were as follows:
Hormel Foods (HRL) fell by 8.6%.
Flowers Foods (FLO) fell by 3.0%.
International Paper (IP) fell by 2.2%.
Whirlpool (WHR) fell by 1.1%.
Packaging Corporation of America (PKG) fell by 1.1%.
Dr Pepper Snapple Group (DPS) fell by 0.61%.
Top gainers on May 18, 2016
The top-gaining stocks on May 18, 2016, were as follows:
Ingredion (INGR) rose by 1.2%.
B&G Foods (BGS) rose by 0.40%.
In the coming articles, we’ll take a look at the above stocks’ performances, price movements, and latest quarterly results.
The Consumer Staples Select Sector SPDR ETF (XLP) tracks a market-cap–weighted index of consumer staples stocks drawn from the S&P 500. XLP is the ETF of consumer goods.
Let’s start with the performance of Hormel Foods in fiscal 2Q16.
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