Haleon is one of the largest consumer health companies in the world. Formed by a combination of consumer health divisions of GSK, Pfizer, and Novartis, Haleon separated from GSK and went public in July 2022. The firm generates 60% of sales from global power brands including Sensodyne, Advil, Centrum, and Poligrip, that play in many geographies and are often leaders in their respective categories. It also has a number of local brands, including Emergen-C, Eno, Tums, and Caltrate, that are more tailored to regional needs and have strong local brand equity. Overall, Haleon’s brands tackle a variety of silos within consumer health including oral care, digestive health, pain relief, and nutrition.

Haleon is a pure-play consumer healthcare company focusing on oral health, respiratory health, pain relief, vitamins, supplements, and digestive health across 170 markets. Its products include consumer staples as well as over-the-counter medicines. Haleon was incorporated in 2021 and is headquartered in Brentford, UK.

Stocks saw a nice snapback rally on Wednesday. Crude oil (WTI) was smacked, falling 5.5% to $98.50/barrel, while Brent oil dropped about the same to $105/barrel. That took a lot of pressure off the bond market, as the 10-year Treasury yield declined 9.5 basis points (bps), the 5-year fell 10.5 bps, and the 2-year dropped 8 bps. So for a day anyway, everything was back to normal. The AI charge reasserted itself, led by semiconductor stocks. MU popped 5%, AMD 8%, ASML 6%, INTC and LRCX 7%, and ARM 15%. The hottest chip names come from the memory and storage areas, and the timing of the Roundhill Memory ETF (DRAM, which began trading 4/2) has been a stroke of genius, so far. Assets under management (AUM) for new ETFs generally are nominal. But money has poured into this ETF, which now has an AUM of about $10 billion. And new funds go right into the stocks in the ETF, making an already hot area sizzle. From its 4/2 close, DRAM had rocketed 98% at its recent high on May 11. Indeed, momentum investing is the great self-fulfilling prophecy: higher prices attract more money, creating higher prices. The largest beneficiary of lower oil was Consumer Discretionary (XLY), rising 2.5%. The XLY was led by airlines (up 8%), furnishings (up 7%), and home construction and apparel retailers (up 5%). Meanwhile, durable household products, recreational services, and footwear all rose 4%. Most of these industries had been pounded recently.

Haleon is one of the largest consumer health companies in the world. Formed by a combination of consumer health divisions of GSK, Pfizer, and Novartis, Haleon separated from GSK and went public in July 2022. The firm generates 60% of sales from global power brands including Sensodyne, Advil, Centrum, and Poligrip, that play in many geographies and are often leaders in their respective categories. It also has a number of local brands, including Emergen-C, Eno, Tums, and Caltrate, that are more tailored to regional needs and have strong local brand equity. Overall, Haleon’s brands tackle a variety of silos within consumer health including oral care, digestive health, pain relief, and nutrition.