A look at the sectors and stocks bucking the U.S. bear market

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A look at the sectors and stocks bucking the U.S. bear market GlobeInvestor

This translation has been automatically generated and has not been verified for accuracy.Wall Street’s plunge into a bear market after a nearly 11-year bull market has been fast and severe, erasing nearly all the S&P 500’s gains since Donald Trump’s inauguration.

“There are certainly going to be some companies that do much better, and there have been in every crisis,” said J.J. Kinahan, chief strategist with TD Ameritrade. The consumer staples sector includes makers of household goods, such as packaged food and cleaning products like bleach. It also covers supermarket operators, drug stores and other retailers — all companies that have benefited from surging sales as Americans stocked up before bunkering in their homes to help prevent the spread of the coronavirus.

By comparison, the S&P 500 is down nearly 19% this month about 15% from a year ago, and all its 11 sectors are in the red. Only technology stocks are holding on to a slight gain over the past 12 months.

 

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