Consumer Goods: Top Buy and Sell Ideas Based On Last Week's Big Movers
By Ganaxi Small Cap Movers:
The consumer goods sector was down strongly last week in sympathy with the market fall, and based on fears of a global recession and its impact on consumer spending, and on the margins and profits of companies that provide various kinds of goods for the consumer. Overall, the consumer staples sector SPDR Fund (XLP) ended flat for the week and consumer discretionary sector SPDR Fund (XLY) ended down 5.6% last week. This article covers our analysis of the big news and price moves in the consumer goods sector last week, evaluating them for buy and sell ideas.
: Both automakers GM and F were down a severe 13.9% and 9.7% respectively last week, on the back of a weak market, and concerns that the weak economy would adversely affect consumer spending, particularly for large ticket items such as automobiles. At their closing prices onComplete Story »