ETF Trends
ETF Trends

Consumer staples are things like toothpaste and toilet paper, the type of products you buy no matter what the economy is doing.  A consumer staples exchange traded fund holds a basket of companies that offer these products.  Consumer Staples Select Sector SPDR (XLP) includes companies such as Procter & Gamble (PG), Wal-Mart (WMT) and Coca Cola (KO).  The ETF is up 5% for the year versus the S&P 500 up 0.1%.  XLP has been holding up in the recent downturn too, up 3% for the month.

Xlp

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.