Markets
FTI

Thursday Sector Laggards: Energy, Consumer Products

Looking at the sectors faring worst as of midday Thursday, shares of Energy companies are underperforming other sectors, showing a 1.0% loss. Within that group, TechnipFMC plc (Symbol: FTI) and National Oilwell Varco Inc (Symbol: NOV) are two large stocks that are lagging, showing a loss of 12.1% and 4.7%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.6% on the day, and up 5.65% year-to-date. TechnipFMC plc, meanwhile, is up 7.23% year-to-date, and National Oilwell Varco Inc, is down 19.16% year-to-date. Combined, FTI and NOV make up approximately 1.8% of the underlying holdings of XLE.

The next worst performing sector is the Consumer Products sector, showing a 0.6% loss. Among large Consumer Products stocks, Ford Motor Co. (Symbol: F) and Hershey Company (Symbol: HSY) are the most notable, showing a loss of 6.9% and 2.8%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.3% in midday trading, and up 21.63% on a year-to-date basis. Ford Motor Co. , meanwhile, is up 19.95% year-to-date, and Hershey Company is up 37.91% year-to-date. Combined, F and HSY make up approximately 2.5% 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:

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

Sector % Change
Utilities +0.3%
Industrial +0.2%
Technology & Communications +0.1%
Services -0.0%
Materials -0.1%
Healthcare -0.4%
Financial -0.4%
Consumer Products -0.6%
Energy -1.0%

25 Dividend Giants Widely Held By ETFs »

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

FTI NOV XLE F HSY

Other Topics

Stocks

Latest Markets Videos

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.

Learn More