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Thursday Sector Laggards: Services, Consumer Products

Shutterstock photo
Shutterstock photo

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The worst performing sector as of midday Thursday is the Services sector, showing a 0.5% loss. Within the sector, L Brands, Inc (Symbol: LB) and The Gap, Inc. (Symbol: GPS) are two of the day's laggards, showing a loss of 11.1% and 4.1%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.4% on the day, and down 0.13% year-to-date. L Brands, Inc, meanwhile, is down 22.92% year-to-date, and The Gap, Inc., is down 9.84% year-to-date. Combined, LB and GPS make up approximately 0.8% of the underlying holdings of IYC.

The next worst performing sector is the Consumer Products sector, showing a 0.2% loss. Among large Consumer Products stocks, PVH Corp (Symbol: PVH) and Kellogg Co (Symbol: K) are the most notable, showing a loss of 3.6% and 2.5%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is down 0.2% in midday trading, and up 3.70% on a year-to-date basis. PVH Corp, meanwhile, is up 25.06% year-to-date, and Kellogg Co is up 4.59% year-to-date. Combined, PVH and K make up approximately 1.2% 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, two sectors are up on the day, while six sectors are down.

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

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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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GPS PVH LB IYK IYC

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