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Monday Sector Laggards: Utilities, Consumer Products

Shutterstock photo
Shutterstock photo

Shutterstock photo

The worst performing sector as of midday Monday is the Utilities sector, showing a 0.7% loss. Within that group, FirstEnergy Corp (Symbol: FE) and Public Service Enterprise Group Inc (Symbol: PEG) are two large stocks that are lagging, showing a loss of 1.4% and 1.4%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.7% on the day, and up 10.63% year-to-date. FirstEnergy Corp, meanwhile, is up 3.38% year-to-date, and Public Service Enterprise Group Inc is up 2.48% year-to-date. Combined, FE and PEG make up approximately 5.5% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, showing a 0.6% loss. Among large Consumer Products stocks, Hasbro, Inc. (Symbol: HAS) and Mattel Inc (Symbol: MAT) are the most notable, showing a loss of 9.6% and 3.5%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is down 0.5% in midday trading, and up 11.42% on a year-to-date basis. Hasbro, Inc., meanwhile, is up 36.20% year-to-date, and Mattel Inc, is down 21.45% year-to-date. Combined, HAS and MAT make up approximately 0.9% 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, two sectors are up on the day, while six sectors are down.

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

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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.

In This Story

FE XLU HAS IYK PEG