However, the Goldman analysts have a sell rating on General Mills (NYSE: GIS), Campbell (NYSE: CPB) and Kellogg (NYSE: K), categorizing the companies as “structurally challenged turnaround traps.”
XLP has 1.9% in GIS, 0.6% CPB and 1.1% K.
The potential weakness in GIS and K could be problematic for more focused consumer ETFs, like the PowerShares Dynamic Food & Beverage Portfolio (NYSEArca: PBJ), which includes a 10% tilt toward K and GIS combined.
Consumer Staples Select Sector SPDR
For more information on the consumer sector, visit our consumer staples category.
Max Chen contributed to this article.