KHC

Tuesday Sector Laggards: Consumer Products, Utilities

The worst performing sector as of midday Tuesday is the Consumer Products sector, showing a 1.1% loss. Within that group, Kraft Heinz Co (Symbol: KHC) and Altria Group Inc (Symbol: MO) are two of the day's laggards, showing a loss of 6.6% and 4.3%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is down 1.0% on the day, and up 11.78% year-to-date. Kraft Heinz Co , meanwhile, is down 31.53% year-to-date, and Altria Group Inc is up 3.16% year-to-date. Combined, KHC and MO make up approximately 5.5% of the underlying holdings of IYK.

The next worst performing sector is the Utilities sector, showing a 0.9% loss. Among large Utilities stocks, FirstEnergy Corp (Symbol: FE) and Edison International (Symbol: EIX) are the most notable, showing a loss of 2.0% and 1.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.9% in midday trading, and up 12.79% on a year-to-date basis. FirstEnergy Corp, meanwhile, is up 13.83% year-to-date, and Edison International is up 6.42% year-to-date. Combined, FE and EIX make up approximately 5.1% of the underlying holdings of XLU.

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 Tuesday. As you can see, one sector is up on the day, while seven sectors are down.

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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.

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