Markets LW

Friday Sector Laggards: Consumer Products, Utilities

Looking at the sectors faring worst as of midday Friday, shares of Consumer Products companies are underperforming other sectors, showing a 0.7% loss. Within that group, Lamb Weston Holdings Inc (Symbol: LW) and Nike (Symbol: NKE) are two of the day's laggards, showing a loss of 24.0% and 11.3%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is flat on the day on the day, and up 5.46% year-to-date. Lamb Weston Holdings Inc, meanwhile, is down 30.32% year-to-date, and Nike, is down 20.92% year-to-date. LW makes up approximately 0.3% of the underlying holdings of IYK.

The next worst performing sector is the Utilities sector, showing a 0.5% loss. Among large Utilities stocks, Constellation Energy Corp (Symbol: CEG) and Pinnacle West Capital Corp (Symbol: PNW) are the most notable, showing a loss of 1.3% and 1.2%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.5% in midday trading, and up 15.73% on a year-to-date basis. Constellation Energy Corp, meanwhile, is up 60.00% year-to-date, and Pinnacle West Capital Corp is up 7.41% year-to-date. Combined, CEG and PNW make up approximately 9.3% of the underlying holdings of XLU.

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:

RediNews

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

Sector% Change
Technology & Communications+1.5%
Healthcare+0.9%
Industrial+0.8%
Financial+0.4%
Energy+0.4%
Materials+0.3%
Services+0.1%
Utilities-0.5%
Consumer Products-0.7%

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Also see:

• Auto Manufacturers Dividend Stocks
• Top Ten Hedge Funds Holding ALUM
• Top Ten Hedge Funds Holding RECS

BNK Invest
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
Auto Manufacturers Dividend Stocks Top Ten Hedge Funds Holding ALUM Top Ten Hedge Funds Holding RECS More articles by this source

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