Consumer Sector Update for 05/17/2024: GME, WSM, TSLA
From Nasdaq: 2024-05-17 13:45:06
Consumer stocks had a mixed performance on Friday, with XLP decreasing by 0.2% and XLY adding 0.2%. GameStop shares (GME) fell by 25% due to a sharp decline in Q1 sales. Williams-Sonoma (WSM) is expected to see more upside potential in Q1 despite industry challenges. Tesla (TSLA) is planning to build a data center in China for self-driving capabilities, boosting its shares by 1.4%.
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