Wednesday Sector Laggards: Consumer Products, Services

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Looking at the sectors faring worst as of midday Wednesday, shares of Consumer Products companies are underperforming other sectors, showing a 0.1% loss. Within that group, Coty, Inc. (Symbol: COTY) and Church & Dwight Co Inc (Symbol: CHD) are two of the day's laggards, showing a loss of 22.1% and 2.4%, respectively. Among consumer products ETFs , one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is up 0.3% on the day, and down 4.17% year-to-date. Coty, Inc., meanwhile, is down 54.35% year-to-date, and Church & Dwight Co Inc is up 33.29% year-to-date. Combined, COTY and CHD make up approximately 1.0% of the underlying holdings of IYK.

The next worst performing sector is the Services sector, up 0.6%. Among large Services stocks, Michael Kors Holdings Ltd (Symbol: KORS) and Carmax Inc. (Symbol: KMX) are the most notable, showing a loss of 14.4% and 3.5%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 2.2% in midday trading, and up 14.53% on a year-to-date basis. Michael Kors Holdings Ltd, meanwhile, is down 21.86% year-to-date, and Carmax Inc. is up 6.05% year-to-date. KMX makes up approximately 0.4% of the underlying holdings of IYC.

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:

Stock Message Boards

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

Sector % Change
Healthcare +2.9%
Industrial +1.6%
Technology & Communications +1.4%
Energy +1.4%
Financial +1.0%
Materials +1.0%
Utilities +0.8%
Services +0.6%
Consumer Products -0.1%

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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: IYC , COTY , CHD , IYK , KORS

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