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For the week ending May 16, the S&P 500 Consumer Discretionary sector (NYSEARCA:XLY) saw a rise of 2.45%, above the S&P 500’s (SP500) 1.95% rise. However, the sector’s year-to-date performance is considerably weaker, down 2.98%, which is notably below the benchmark S&P 500’s (SP500) rise of 1.30%.
Let’s take a look at this week’s gainers and losers in consumer discretionary as investors weighed earnings, economic data, and ongoing trade uncertainty.
Top gainers
Tesla (NASDAQ:TSLA) +17.34% after the United States and China announced a temporary reduction in tariffs for a 90-day cooling-off period. Following a temporary easing of US-China tariffs, Tesla (NASDAQ:TSLA) will reportedly begin shipping Chinese components to the US this month to produce Cybercab and Semi trucks, illustrating the immediate impact of the trade truce.
Carnival Corporation (CCL) +15.85% HSBC lifted its rating on CCL to “Hold” (from “Reduce”) and boosted its price target to $24, up from $14 due to positive trends and debt reduction, despite economic headwinds.
Lululemon (NASDAQ:LULU) +14.89%
International Paper Company (NYSE:IP) +13.26%
Smurfit Westrock (NYSE:SW) +11.31% Barclays lowered its price target for SW from $68 to $64 after revising its paper and packaging industry estimates based on Q1 results. However, the firm maintained its “Overweight” rating for SW, indicating it remains a preferred stock within the sector.
No losers in S&P 500 consumer discretionary stocks this week.
Furthermore, for investors desiring to track the performance of the consumer discretionary sector, ETFs represent a viable alternative. Notable Consumer Discretionary ETFs include: (NYSEARCA:XLY), (NYSEARCA:VCR), (NYSEARCA:FXD), (NYSEARCA:FDIS), (NYSEARCA:RSPD), and (NYSEARCA:RXI).
More on related stocks:
XLY: Consumer Discretionary Dashboard For May
FDIS: Caution Signs Appearing In The Consumer Discretionary Sector
VCR: Consumer Discretionary Sector Dashboard For April