Weekly S&P 500 Consumer Cyclical Highlights: Best Buy Rises to the Top, Ulta Beauty Declines
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Consumer Discretionary Sector Performance: In the week ending October 17, the Consumer Discretionary sector rose 0.24%, outperforming the S&P 500's 0.14% gain, but its year-to-date return of 4.49% lags behind the S&P 500's 13.30%.
Top Gainers and Losers: Best Buy led the gainers with a 13.18% increase, while Ulta Beauty was the biggest loser, down 2.87%. Notable mentions include Starbucks (+8.79%) and Las Vegas Sands (-2.16%).
Analyst Views on XLY
Wall Street analysts forecast XLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 121.400
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Current: 121.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
