XLY - EV charging stocks lead consumer gainers supply chain challenges hurt losers

November, 13 2021 02:31 PM SPDR Select Sector Fund - Consumer Discretionary

The S&P Consumer Discretionary Select Sector (NYSEARCA:XLY) performed poorly this week as Tesla's (NASDAQ:TSLA) 15.44% drop helped contribute to an overall 3.54% decrease. The Consumer Staples Select Sector SPDR ETF (NYSEARCA:XLP) was nearly in-line with the S&P 500 (NYSEARCA:SPY), down 0.22% on the week. EV charging stocks EVGo (NASDAQ:EVGO), up 89.38%, Volta (NYSE:VLTA), up 34.93%, and QuantumScape (NYSE:QS), up 25.11%, placed in the top five gainers this week for consumer stocks with market caps over $2B. The EV stocks got charged up after the bipartisan infrastructure bill was signed into law, setting aside $7.5B towards the development of an EV charging infrastructure in the U.S. Rounding out the top five, technology e-commerce site and Reddit Wall Street Bet favorite Newegg Commerce (NASDAQ:NEGG), jumped 33.78%, and luxury fashion retail platform Farfetch Limited (NYSE:FTCH) reported a 24.15% gain after confirming a partnership with designer Richemont. On the opposite spectrum, beverage company Celsius Holdings (NASDAQ:CELH), down 22.87%, was the biggest loser after input cost inflation and supply

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EV charging stocks lead consumer gainers, supply chain challenges hurt losers

Company Name:	SPDR Select Sector Fund - Consumer Discretionary
Stock Symbol:	XLY
Market:	NYSE

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