Wednesday Sector Laggards: Materials, Consumer Products

The worst performing sector as of midday Wednesday is the Materials sector, showing a 0.2% loss. Within that group, Albemarle Corp. (Symbol: ALB) and Mosaic Co (Symbol: MOS) are two large stocks that are lagging, showing a loss of 2.5% and 2.0%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 0.6% on the day, and up 14.20% year-to-date. Albemarle Corp., meanwhile, is down 9.48% year-to-date, and Mosaic Co , is down 19.05% year-to-date. Combined, ALB and MOS make up approximately 2.5% of the underlying holdings of XLB.

The next worst performing sector is the Consumer Products sector, not showing much of a gain. Among large Consumer Products stocks, PVH Corp (Symbol: PVH) and Johnson Controls International plc (Symbol: JCI) are the most notable, showing a loss of 1.8% and 1.7%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is flat on the day in midday trading, and up 15.33% on a year-to-date basis. PVH Corp, meanwhile, is down 5.19% year-to-date, and Johnson Controls International plc is up 32.41% year-to-date. PVH makes up approximately 0.3% 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 Wednesday. As you can see, seven sectors are up on the day, while one sector is down.

Sector % Change
Healthcare +0.9%
Utilities +0.6%
Technology & Communications +0.4%
Services +0.3%
Industrial +0.3%
Energy +0.3%
Financial +0.1%
Consumer Products 0.0%
Materials -0.2%

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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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