Top weekly S&P 500 consumer discretionary gainers & losers: Tesla takes lead; Lululemon bottoms
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Consumer Discretionary Sector Performance: The S&P 500 Consumer Discretionary sector declined by 1.00% for the week ending June 13, significantly underperforming the broader S&P 500's 0.48% decline, and is down 5.62% year-to-date compared to the benchmark's 1.62% rise, amid global market uncertainties due to geopolitical tensions and trade policies.
Top Gainers and Losers: Tesla (+10.22%) and Starbucks (+4.04%) were among the top gainers in the sector, while lululemon athletica (-9.86%) and Norwegian Cruise Line (-9.10%) faced significant losses, with lululemon's drop attributed to a reduced price target from Barclays despite meeting Q1 expectations.
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: 122.620
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Current: 122.620
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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.
