WMT - Consumer sector sizzles in November led by high-flying electric vehicle names

Even with some COVID-19 tailwinds at the end of the month, the consumer sector saw stellar returns in November amid a broad market rally. The biggest gainers in the consumer sector during the month of November were electric vehicle names. The top six gainers for consumer stocks with a market cap of over $50M were Superior Industries (SUP) +286%, Blink Charging (BLNK) +248%, XPeng (XPEV) +223%, Electameccanica (SOLO) +213%, Ayro (AYRO) +205% and GreenPower Motor Company (GP) +176%. Two big gainers out of the retail store world were Express (EXPR) +125% and Party City (PRTY) +165%. Of the consumers stocks listed in the S&P 500 Index, Carnival (CCL) was the biggest gainer with a 75% jump in November and Hanesbrands (HBI) was the biggest disappointment with a drop of more than 17%. All six consumer stocks listed in the Dow Jones Industrial Average churned up a gain in November, led by 9% increases for Nike (NKE) and Coca-Cola (KO), as well as 8% rise for

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Consumer sector sizzles in November led by high-flying electric vehicle names