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Monday Sector Laggards: Materials, Consumer Products

In afternoon trading on Monday, Materials stocks are the worst performing sector, showing a 0.4% loss. Within that group, Newell Brands Inc (Symbol: NWL) and Praxair Inc (Symbol: PX) are two large stocks that are lagging, showing a loss of 13.1% and 3.8%, respectively. Among the high volume ETFs , one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is up 0.1% on the day, and down 1.11% year-to-date. Newell Brands Inc, meanwhile, is down 23.80% year-to-date, and Praxair Inc is up 3.71% year-to-date. PX makes up approximately 7.6% of the underlying holdings of XLB.

The next worst performing sector is the Consumer Products sector, not showing much of a gain. Among large Consumer Products stocks, Kraft Heinz Co (Symbol: KHC) and Coty, Inc. (Symbol: COTY) are the most notable, showing a loss of 2.9% and 2.0%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is flat on the day in midday trading, and down 2.73% on a year-to-date basis. Kraft Heinz Co , meanwhile, is down 17.85% year-to-date, and Coty, Inc., is down 30.09% year-to-date. Combined, KHC and COTY make up approximately 2.0% 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:

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, six sectors are up on the day, while one sector is down.

Sector % Change
Energy +0.7%
Services +0.6%
Utilities +0.4%
Technology & Communications +0.4%
Industrial +0.3%
Healthcare +0.2%
Consumer Products -0.0%
Financial 0.0%
Materials -0.4%

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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.


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

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