Bullish Case: XLP's historical resilience and current price near 10-year highs, despite a flat recent trend, may attract steady investor interest for stability in uncertain markets.


Bearish Case: Market complacency suggested by low and flat implied volatility combined with historically modest returns could precede a stagnation or correction in XLP price.


Potential Outcomes:

1) Sideways trend continuation with range-bound trading (60%).

2) Gradual uptrend on consumer staple strength (25%).

3) Downtrend from market revaluation (15%).


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February 27, 2024


Consumer Staples Select Sector SPDR Forecast

[XLP]  Consumer Staples Select Sector SPDR
Price Forecast: NEUTRAL    Price Action: RANDOM (?)



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XLP Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with XLP



BAX Forecast + Options Trading Strategies   [BAX]  Baxter International (0.91)


YUM Forecast + Options Trading Strategies   [YUM]  Yum Brands (0.9)


DLTR Forecast + Options Trading Strategies   [DLTR]  Dollar Tree (0.9)


RMD Forecast + Options Trading Strategies   [RMD]  Resmed (0.88)


UL Forecast + Options Trading Strategies   [UL]  Unilever (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to XLP



YPF Forecast + Options Trading Strategies   [YPF]  YPF (-0.01)


ICE Forecast + Options Trading Strategies   [ICE]  Intercontinental Exchange (-0.01)


CGC Forecast + Options Trading Strategies   [CGC]  Canopy Growth (0.01)


RDNT Forecast + Options Trading Strategies   [RDNT]  Radnet (-0.01)


WGO Forecast + Options Trading Strategies   [WGO]  Winnebago Industries (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XLP



MNSO Forecast + Options Trading Strategies   [MNSO]  MINISO Group Holding Ltd (-0.71)


CQP Forecast + Options Trading Strategies   [CQP]  Cheniere Energy (-0.71)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.72)


DAKT Forecast + Options Trading Strategies   [DAKT]  Daktronics (-0.73)


UUUU Forecast + Options Trading Strategies   [UUUU]  Energy Fuels (-0.76)


XLP News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent XLP News






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