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Fly News Breaks for April 15, 2019
XLP, MDLZ
Apr 15, 2019 | 06:55 EDT
UBS analyst Steven Strycula raised his price target on Mondelez (MDLZ) to $56 and kept his Buy rating, saying that while the stock has already outperformed the broader Consumer Staples ETF (XLP) by 14pts year-to-date, it can "rerate" further "if global organic sales trends grow over 2.5% and FY19 operating margin targets prove conservative." The analyst notes that while growth in U.S. food is scarce, he believes that Mondelez's relative price-to-earnings valuation can expand thanks to "relative sales outperformance and a pullback in rates."
News For MDLZ;XLP From the Last 2 Days
XLP
Apr 19, 2024 | 08:21 EDT
XLP
Apr 18, 2024 | 08:21 EDT
The following are the pivot points for the Consumer Staples Sector SPDR. Pivot High: $73.51, Pivot Low: $72.90. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
XLP
Apr 17, 2024 | 08:21 EDT
