Monday Sector Laggards: Utilities, Consumer Products

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In afternoon trading on Monday, Utilities stocks are the worst performing sector, showing a 0.8% loss. Within that group, Public Service Enterprise Group Inc (Symbol: PEG) and NRG Energy Inc (Symbol: NRG) are two of the day's laggards, showing a loss of 1.6% and 1.5%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.8% on the day, and up 9.89% year-to-date. Public Service Enterprise Group Inc, meanwhile, is up 13.20% year-to-date, and NRG Energy Inc is up 5.69% year-to-date. Combined, PEG and NRG make up approximately 5.3% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, higher by 0.3%. Among large Consumer Products stocks, Kellogg Co (Symbol: K) and Hormel Foods Corp. (Symbol: HRL) are the most notable, showing a loss of 3.1% and 2.5%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is up 0.1% in midday trading, and up 12.84% on a year-to-date basis. Kellogg Co, meanwhile, is down 1.46% year-to-date, and Hormel Foods Corp. is up 2.71% year-to-date. Combined, K and HRL make up approximately 1.2% of the underlying holdings of IYK.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

Chart Zero

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, eight sectors are up on the day, while one sector is down.

Sector % Change
Technology & Communications +1.9%
Industrial +1.8%
Materials +1.7%
Energy +1.6%
Financial +1.5%
Services +1.0%
Consumer Products +0.3%
Healthcare +0.3%
Utilities -0.8%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: IYK , PEG , NRG , XLU , K

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