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Staples ETF Widens Gap Over Discretionary in 2026

ETF Trends · Tue, 22 Sep 2026 09:16:29 -0400

The State Street Consumer Staples Select Sector SPDR ETF (XLP) has climbed 6.6% so far in 2026, according to State Street data as of September 21. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) has fallen more than 7% over the same stretch, a 13.

Jefferies cuts eBay target to $75 on EBITDA downside

Proactive Investors · Mon, 21 Sep 2026 16:30:29 -0400

Jefferies has reiterated its 'Underperform' rating on eBay Inc (NASDAQ:EBAY, XETRA:EBA) and cut its price target to $75 from $80, citing pressure on underlying earnings and slowing advertising growth. The broker lowered its 2027 and 2028 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates to 4% and 11% below consensus, respectively, as it expects weaker advertising revenue and greater reliance on lower-margin offerings to weigh on profitability.

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