Yahoo Finance Who Were the Outliers in the Consumer Space on April 28?
Yesterday’s Consumer Pops and Drops: HAR, SEE, and OSK
Price movement of S&P 500 indexes
On April 28, 2016, the S&P Consumer Staples Index had slightly outperformed the S&P 500 Index and the S&P Consumer Discretionary Index as a whole. The indexes had respective returns of 0.02%, -0.92%, and -1.1%.
On the other hand, the S&P 500 stocks have a monthly return of 6.6%, which is much higher than the 6.5% and 4.3% from the S&P Consumer Discretionary Index and the S&P Consumer Staples Index, respectively.
Top losers on April 28, 2016
The top losing stocks as of April 28, 2016, were as follows:
Harman International Industries (HAR) fell by 13.3% due to the reduction in the outlook for 2016 and sales target also missed for fiscal 3Q16.
Sealed Air (SEE) fell by 8.2% due to a fall in performance in fiscal 1Q16.
Bemis Company (BMS) fell by 6.6% due to mixed results for fiscal 1Q16.
Top gainers of April 28, 2016
The top gaining stocks as of April 28, 2016, were as follows:
Oshkosh Corporation (OSK) rose by 13.3%.
Pilgrim’s Pride (PPC) rose by 12.4%.
Sanderson Farms (SAFM) rose by 4.5%.
In the articles, we will 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 Harman International Industries performance in fiscal 3Q16.
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