Rifling Through Some Big Household Names
So far in November, all sectors in the S&P 500 have recorded significant declines. Consumer discretionary firms in the index, however, have shown relative strength despite high levels of unemployment. This month, the sector is down 2.62%. That does not fall into the category of "good," but at least it is "less bad" than the others.
Appliance maker Whirlpool (WHR) is listed in the large-cap index as a consumer-discretionary company (and one could certainly make a practical argument to support that categorization). While the stock has been in retreat mode the past two weeks -- not exactly a surprise, given market conditions -- it continues to hold above its 10-week moving average....573 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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