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Stock-Market Investors Ignore Good News In This One Sector, Goldman Says: (XLP)

TedTed
in The Bullpen
FYI: The U.S. stock market is off to a historically strong start in 2018, with nearly every one of the 11 primary S&P 500 sectors higher on the year. However, one sector, which has been lagging behind despite positive earnings news, could be poised for a pronounced move higher, according to analysts at Goldman Sachs.

The consumer staples sector—as measured by the Consumer Staples Select Sector SPDR ETF XLP, -0.30% the largest exchange-traded fund to track the industry—is up 1.2% so far this year, below the 4.8% rise of the overall S&P 500 SPX, -0.16% That underperformance comes despite earnings revisions that have been far more positive for the sector than the broad market, Goldman said.
Regards,
Ted
https://www.marketwatch.com/story/stock-market-investors-ignore-good-news-in-this-one-sector-goldman-says-2018-01-18/print

M* Snapshot XLP:
http://performance.morningstar.com/funds/etf/total-returns.action?t=XLP&region=USA&culture=en_US

Lipper Snapshot XLP:
https://www.marketwatch.com/investing/fund/xlp

XLP Is Ranked #3 In The (CD) ETF Category By U.S. News & World Report:
https://money.usnews.com/funds/etfs/consumer-defensive/consumer-staples-select-sector-spdr-etf/xlp
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