Articles tagged with XLP

For a long time, and certainly throughout 2022, consumer discretionary (XLY) was under tremendous selling pressure as both Amazon.com (AMZN) and Tesla (TSLA), the top two component stocks in the ETF, fell precipitously. However, both stocks have now stabilized, despite the weak response to AMZN's quarterly report on Friday, and we're now seeing this key consumer ETF outpacing the more defensive consumer area - staples (XLP):...keep reading

One of the tools at StockCharts.com that isn't discussed often enough is the correlation coefficient. You can access it by looking under "Indicators" and finding "Correlation" on the drop down menu. This indicator allows you to compare how closely any two symbols are correlated - either positively (above 0 with highest level +1) or negatively (below 0 with lowest level -1)....keep reading