div > div.group > p:first-child"> The Consumer Staples Select Sector SPDR Fund, widely known by its ticker, XLP, hit a new 52-week high on Monday, a more than 18% climb from its lows in December. The move was fueled by stronger-than-expected quarterly earnings from Kleenex parent Kimberly-Clark, which could set the rest of the group up for a good week of reporting.
"I think 'new highs' is a relative term," he said Monday on CNBC's "ETF Edge.""We're only up 12, 13% in this space. This is far from the high-flying segment."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qualcomm and Apple reach settlement—here's what four experts say it means for the companies' stocks'We view Qualcomm as the clear leader in 5G modem technology.' Here's what Wall Street analysts are saying after Apple and Qualcomm settled their legal battle.
Source: CNBC - 🏆 12. / 72 Read more »
Indicators suggest stocks will hit 'substantial new highs' this earnings season, Jeff Saut saysRaymond James' Jeff Saut says the bull market has at least another five years of life in it, even though 'nobody believes it.'
Source: CNBC - 🏆 12. / 72 Read more »
It's the busiest week of earnings and these are the 3 stocks to watch, say two expertsThis week is the busiest week of earnings, and Craig Johnson and Mark Tepper say Amazon is the name to watch ahead of earnings.
Source: CNBC - 🏆 12. / 72 Read more »
Dow stock that's lost $34 billion in market cap in the last week could be a buy, says investorShares of health-care giant UnitedHealth have dropped considerably in the last week, but one market watcher advises betting on the dip.
Source: CNBC - 🏆 12. / 72 Read more »