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Tuesday Sector Laggards: Consumer Products, Energy

Shutterstock photo
Shutterstock photo

Shutterstock photo

The worst performing sector as of midday Tuesday is the Consumer Products sector, showing a 1.3% loss. Within that group, Tapestry Inc (Symbol: TPR) and Cummins, Inc. (Symbol: CMI) are two of the day's laggards, showing a loss of 11.0% and 5.4%, 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 down 10.38% year-to-date. Tapestry Inc, meanwhile, is up 8.91% year-to-date, and Cummins, Inc., is down 13.77% year-to-date. TPR makes up approximately 0.7% of the underlying holdings of IYK.

The next worst performing sector is the Energy sector, showing a 1.1% loss. Among large Energy stocks, Andeavor (Symbol: ANDV) and Marathon Petroleum Corp. (Symbol: MPC) are the most notable, showing a loss of 5.0% and 4.8%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is down 1.2% in midday trading, and up 1.53% on a year-to-date basis. Andeavor, meanwhile, is up 15.45% year-to-date, and Marathon Petroleum Corp. is up 8.84% year-to-date. Combined, ANDV and MPC make up approximately 3.9% of the underlying holdings of XLE.

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 six sectors are down.

Sector % Change
Technology & Communications +0.4%
Utilities -0.0%
Healthcare -0.0%
Financial -0.2%
Services -0.6%
Materials -0.6%
Industrial -0.7%
Energy -1.1%
Consumer Products -1.3%

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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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IYK CMI TPR XLE

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