CCL

Monday Sector Laggards: Services, Consumer Products

In afternoon trading on Monday, Services stocks are the worst performing sector, showing a 0.6% loss. Within the sector, Carnival Corp (Symbol: CCL) and Walgreens Boots Alliance Inc (Symbol: WBA) are two large stocks that are lagging, showing a loss of 4.5% and 3.1%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.1% on the day, and up 29.73% year-to-date. Carnival Corp, meanwhile, is up 38.03% year-to-date, and Walgreens Boots Alliance Inc, is down 60.72% year-to-date. CCL makes up approximately 0.4% of the underlying holdings of IYC.

The next worst performing sector is the Consumer Products sector, showing a 0.4% loss. Among large Consumer Products stocks, Brown-Forman Corp (Symbol: BF.B) and Molson Coors Beverage Co (Symbol: TAP) are the most notable, showing a loss of 3.4% and 2.0%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.8% in midday trading, and up 5.24% on a year-to-date basis. Brown-Forman Corp, meanwhile, is down 28.65% year-to-date, and Molson Coors Beverage Co, is down 2.10% year-to-date. TAP makes up approximately 0.5% 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:

Portfolio Channel

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, three sectors are up on the day, while five sectors are down.

Sector% Change
Technology & Communications+0.7%
Energy+0.5%
Financial+0.2%
Utilities-0.0%
Healthcare-0.1%
Materials-0.2%
Industrial-0.3%
Consumer Products-0.4%
Services-0.6%

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Also see:

• IRS Stock Predictions
• Funds Holding BAMA
• IDSA Insider Buying

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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