tl;dr
Consumer Discretionary Select Sector SPDR Fund ETF (XLY), which tracks S&P 500 consumer discretionary sector (SP500-25), experienced modest growth in Q1 following a 38% surge in 2023. XLY saw a 3.1% increase in the quarter, trailing the broader S&P 500 index gain of 10%.In the discretionary sector, ...
Consumer Discretionary Select Sector SPDR Fund ETF (XLY), which tracks S&P 500 consumer discretionary sector (SP500-25), experienced modest growth in Q1 following a 38% surge in 2023. XLY saw a 3.1% increase in the quarter, trailing the broader S&P 500 index gain of 10%.
In the discretionary sector, home-building and automotive industries faced challenges. Automobiles & Components plummeted by 21.8% YTD, while Retailing surged by 15.8%, Consumer Services gained 4.7%, and Consumer Durables & Apparel fell about 2.6%.
Over the past three months, XLY witnessed a negative net outflow of approximately $31.19M.
Top gainers in the consumer discretionary sector during Q1 included Deckers Outdoor (DECK) at 37%, Ralph Lauren (RL) at 29%, Chipotle Mexican Grill (CMG) at 27%, Tapestry (TPR) at 26%, and Mohawk Industries (MHK) at 26%. On the other hand, Tesla (TSLA) incurred a decline of 33%, followed by Lululemon Athletica (LULU) at -23%, V.F. Corp (VFC) at -18%, Etsy (ETSY) at -16%, and NIKE (NKE) at -13%.
Analysts hold a neutral view on XLY, anticipating limited short-term upside due to sustained long-term trends and seasonal headwinds. The Consumer discretionary sector exhibited the largest net selling in nearly two months and holds a 6.7% overweight position compared to the S&P 500.
According to Seeking Alpha's Quant Rating system, XLY received a Hold rating with a score of 3.18, featuring a strong liquidity grade of A and momentum grade of B. It’s important to note that the system acknowledges risk as a threat, assigning the ETF a grade of C- in this category.
More about Deckers Outdoor Corporation
Deckers Outdoor Corporation operates in the manufacturing sector, specifically in the rubber & plastics footwear industry. With a market capitalization of approximately $24.16 billion, the stock is currently trading at $158.19. Notably, the stock has shown a strong performance with a 52-week low of $92.85 and a 52-week high of $158.19. The stock's current price of $158.19 is above its 50-day moving average, indicating a bullish trend. However, it's important to note that the stock's relative strength index (RSI) is at 0.442, suggesting a neutral position. Overall, market sentiment towards Deckers Outdoor Corporation appears to be positive, but investors should be mindful of potential risks associated with market volatility and economic uncertainties.
More about Ralph Lauren Corp Class A
Ralph Lauren Corporation operates in the manufacturing sector, specifically in men's and boys' furnishings, work clothing, and allied garments. With a market capitalization of $12.03 billion, the stock is currently trading at $190.83. The company's price-to-earnings (P/E) ratio stands at 21.29, indicating the stock's current price relative to its earnings per share. Ralph Lauren's stock has shown a 3% change over the last period, and its 52-week price range is between $100.56 and $190.83. The stock's relative strength index (RSI) is at 60.43, suggesting a neutral sentiment without being overbought or oversold. The company's market sentiment appears to be moderately bullish, with potential support and resistance levels at $180 and $200, respectively.
More about Chipotle Mexican Grill Inc
Chipotle Mexican Grill Inc (CMG) operates in the retail-eating places sector and has a market capitalization of approximately $79.71 billion. The stock is currently trading at $358.25. Over the past year, CMG has shown strong performance with a 52-week low of $65.36 and a 52-week high of $358.25. This indicates a significant bullish trend, with the stock currently near its 52-week high. The trading volume is approximately 9,871,649, indicating solid investor interest. From a technical analysis perspective, the Relative Strength Index (RSI) is at 0.124, suggesting that the stock may be approaching overbought levels. It's important to note that such high RSI levels could potentially lead to a pullback in the stock price. Additionally, the stock's price-to-earnings (P/E) ratio stands at 2811.04, which is considerably high and may indicate an overvalued stock. However, the stock's price performance has been strong, and it is essential to consider both the technical indicators and fundamental analysis when making investment decisions.
More about Tapestry Inc
Based on the financial data, Tapestry Inc. has a market capitalization of $10.89 billion, with a current stock price of $11.96. The company's price-to-earnings ratio stands at 3.97, and it has a dividend yield of 29.17. The stock has shown a 52-week range of $0.138 to $48.88. The market sentiment towards Tapestry Inc. appears to be cautious, given the wide range of the stock price over the past year and the relatively low P/E ratio. Investors should be aware of the potential risks associated with such volatility and carefully monitor the support and resistance levels to identify potential breakouts or reversals in the stock's trend.
More about Mohawk Industries Inc
Mohawk Industries Inc is a manufacturing company specializing in carpets and rugs, with a market capitalization of approximately $11.35 billion. The stock has experienced a recent price decline, currently trading at $174.92, which represents a decrease of 3.95%.
Despite this decline, the stock's Relative Strength Index (RSI) stands at 121.46, indicating overbought conditions. This could suggest a potential reversal in the stock's bearish trend. However, caution is warranted as the RSI being above 70 may not be sustainable in the long term.
Given the recent price movement, the stock is currently trading below its 50-day moving average of $180.36, further reinforcing the bearish sentiment. Investors should closely monitor the support level at $170, as a break below this level could indicate further downside potential.
Considering these factors, while the RSI signals a potential reversal, the stock's position below its 50-day moving average and the negative price momentum highlight the current bearish sentiment. Investors should exercise caution and wait for further confirmation of a trend reversal before considering bullish positions.
More about Tesla Inc
Key Financial Metrics:
- Sales: Highest in plug-in and battery electric passenger car segments in 2020
- Market Capture: 16% of plug-in market, 23% of battery-electric market in 2020
- Battery Storage: Supplied 3 GWh in 2020
Stock Performance:
- Market Cap: $559.85 billion
- Current Stock Price: $40.88
- Price to Earnings Ratio: 192.88
- Dividend Yield: 1.115%
Market Sentiment:
- Industry: Manufacturing of motor vehicles & passenger car bodies
- Technical Indicators: RSI at 30.49, indicating potential oversold conditions
- Uncertainties: Volatility in stock price and high P/E ratio may pose risks
More about Lululemon Athletica Inc.
Lululemon Athletica Inc. (NASDAQ: LULU) operates in the apparel and other finished products industry with a market cap of approximately $49.225 billion. The stock is currently trading at $481.14 with a 52-week range of $320.05 to $75.91. LULU has shown a strong bullish trend, supported by a robust Relative Strength Index (RSI) of 75.91, indicating overbought conditions. The stock has demonstrated a solid upward momentum, surpassing its recent resistance levels. However, investors should be cautious as the stock may be prone to a potential pullback given its current overbought status and the possibility of profit-taking. It's important to monitor the support and resistance levels closely for any signs of a trend reversal. Additionally, the Bollinger Bands suggest a period of high volatility, emphasizing the importance of risk management in this trading environment.
More about VF Corporation
VF Corporation is an American worldwide apparel and footwear company founded in 1899 and headquartered in Denver, Colorado. The company's more than 30 brands are organized into three categories: Outdoor, Active, and Work. With a market capitalization of $27.87 billion and a trading volume of 10,820,471 shares, VF Corporation's stock has shown a 0.99% change in the last session. However, the Relative Strength Index (RSI) of 16.55 indicates an oversold position, potentially signaling a bearish trend. The stock is currently trading below its 200-day moving average, suggesting a bearish sentiment. Investors should closely monitor the support and resistance levels for potential breakouts, keeping in mind that past market behavior is not always a reliable indicator of future performance.
More about Etsy Inc
Key financial metrics for Etsy Inc. include a market capitalization of approximately $8.14 billion, with a stock price of $30.68. The company's price-to-earnings ratio stands at 22.43, indicating the stock's valuation. Additionally, Etsy's stock has shown a 0.112% change, with a trading volume of around 2,748,377,000. Market sentiment towards Etsy appears to be slightly bearish, as the stock has experienced a small decline of 0.18%. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with this analysis.
More about Nike Inc
Company: Nike Inc
Sector: Manufacturing, Rubber & Plastics Footwear
Market Cap: $142.39 billion
Stock Price: $27.64
Dividend Yield: 3.4%
52-Week Range: $33.83
P/E Ratio: 0.101
Revenue: $51.58 billion
RSI: 111
Short-term Trend: -0.025
Long-term Trend: 0.003
Market Sentiment: The stock price of Nike Inc. is currently trading below its 52-week range, indicating a bearish trend. The Relative Strength Index (RSI) at 111 suggests the stock is overbought. The negative short-term trend further supports the bearish sentiment. Investors should monitor for potential support levels and watch for signs of a reversal in the trend. However, caution is advised as past market behavior is not always a reliable indicator of future performance, and there are potential risks associated with the current market sentiment.
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