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XLP

Consumer Staples Sector SPDR

$59.51

0.38 (0.64%)

08:18
07/11/19
07/11
08:18
07/11/19
08:18

Consumer Staples Sector SPDR: Pivot points

The following are the pivot points for the Consumer Staples Sector SPDR (XLP). Pivot High: $59.77, Pivot Low: $59.40. 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 Consumer Staples Sector SPDR
$59.51

0.38 (0.64%)

04/15/19
UBSW
04/15/19
NO CHANGE
Target $56
UBSW
Buy
Mondelez price target raised to $56 from $51 at UBS
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."

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