Staples continued its selling streak, the longest among sectors last week
seekingalpha
2024-10-23
Stockah/iStock via Getty Images
The consumer staples sector (NYSEARCA:XLP) has the longest recent selling streak at four weeks of outflows.
BofA analysts are underweight the sector due to it being lower quality than history and having weak guidance trends, said Jill Hall, head of U.S. small/mid-cap strategy
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