Consumer Staples Poised for a Rebound?

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Nov. 4 (Bloomberg) –- In today's "Global Outlook," Bloomberg's Mia Saini takes a look at consumer staples on Bloomberg Television's "On The Move Asia." (Source: Bloomberg)

One underperforming industry may be seeing a turnaround.

That is a subject of the global outlook.

Take a look at the s&p 500 right here.

You're looking at a ytd chart up 24%. the consumer staples shares on this index have underperformed and are due to rebound.

They are maintaining an overweight staple share as well.

We're seeing this with food, beverages, and tobacco stocks.

We have shares of the etf that tracks staples and you compare that to consumer discretionary indices.

We're talking about automakers, media companies, and retailers, as well.

The lowest reading since 1998. the indicator is building momentum.

That does not mean the discretionary shares are going to falter.

They have gotten the best performance since march 2009. the advising form -- firm, amazon, disney, starbucks.

Overall, a rally was driven by the poor u.s. economy doing better.

That will hold smillie boost the s&p 500. equity valuations are already at a four-year high.

It is 16 times the operating earnings.

We are talking to 17 or 18 levels.

The investment council likes defensive plays inside the sector and he is a fan of tyson foods.

It has the best pe of the price i've think two-earnings ratio.

-- price-to-earnings ratio.

In terms of what stocks you should say clear up, stay away from stocks of a high price to book ratio.

The bottom line is, and look like there could be some good news for the stocks in the staples category.

That is the outlook for today.

This text has been automatically generated. It may not be 100% accurate.


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