For the week ending September 5, the S&P 500 Consumer Discretionary sector (NYSEARCA:XLY) outperformed the broader market, rising 2.22% compared to the S&P 500’s 1.03% increase. However, the sector has still had a difficult year, with a 4.80% rise year-to-date, significantly trailing the S&P 500’s 10.20% gain.
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Top S&P 500 consumer discretionary gainers:
Williams-Sonoma (NYSE:WSM) +7.64% as WSM is becoming a retail AI leader by enhancing customer service with AI, previewing a culinary assistant, and improving personalization and supply chain efficiency, updated Jefferies analyst Corey Tarlowe.
D.R. Horton (NYSE:DHI) +7.63% after received a positive update from Wells Fargo, which kept its overweight rating and raised the price target to $190 despite challenges in the housing market.
PulteGroup (NYSE:PHM) +6.92% after Wells Fargo increased PulteGroup’s price target to $150 from $135, maintaining an Overweight rating, while adjusting homebuilding group targets amid investor optimism on interest rates.
Lennar (NYSE:LEN) +6.57%
NVR (NYSE:NVR) +5.29%
Top S&P 500 consumer discretionary losers:
Lululemon Athletica (NASDAQ:LULU) -18.18% are under heavy selling pressure following mixed second quarter results and soft guidance for the full year. Following a ~15% post-earnings drop and ~50% year-to-date decline.
MGM Resorts International (NYSE:MGM) -7.35% announces Corey Sanders, COO of MGM Resorts, will retire after over 30 years. He will continue in his role until December 31, 2025, and advise the CEO until December 31, 2026. A new COO will be named later this month.
Las Vegas Sands (NYSE:LVS) -6.95%
Nike (NYSE:NKE) -5.15%
Airbnb (NASDAQ:ABNB) -5.10%
Notable Consumer Discretionary ETFs include: (NYSEARCA:XLY), (NYSEARCA:VCR), (NYSEARCA:FXD), (NYSEARCA:FDIS), (NYSEARCA:RSPD), and (NYSEARCA:RXI).