🛒 XLY Edges Higher on Strong Holiday Demand; Amazon and Lowe’s Lead Sector Gains | Retail Sector Insights
Notable contributors to XLY's performance include Amazon, Home Depot, Lowe's, Nike, and Deckers Outdoor, with Amazon's price target raised to $305 by Oppenheimer due to anticipated growth in its AWS segment.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Monday, December 1
XLY [+0.2%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has seen a modest increase of 0.2% since Friday, benefiting from a favorable market environment. The Consumer Discretionary sector has gained 0.33% among S&P sector ETFs. U.S. consumers reportedly spent a record $11.8 billion online on Black Friday, reflecting a 9.1% increase year-over-year, which aligns with robust discretionary spending trends during the holiday season. Notable contributors to XLY's performance include Amazon, Home Depot, Lowe's, Nike, and Deckers Outdoor, with Amazon's price target raised to $305 by Oppenheimer due to anticipated growth in its AWS segment. Lowe's shares reached a four-week high, prompting Stifel to raise its price target to $250 while maintaining a Hold rating.