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Wednesday Sector Laggards: Utilities, Consumer Products

Shutterstock photo
Shutterstock photo

Shutterstock photo

In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 0.8% loss. Within that group, SCANA Corp (Symbol: SCG) and WEC Energy Group Inc (Symbol: WEC) are two large stocks that are lagging, showing a loss of 3.2% and 1.6%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and down 5.25% year-to-date. SCANA Corp, meanwhile, is down 12.72% year-to-date, and WEC Energy Group Inc, is down 7.12% year-to-date. Combined, SCG and WEC make up approximately 3.8% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, up 0.2%. Among large Consumer Products stocks, Coty, Inc. (Symbol: COTY) and Monster Beverage Corp (Symbol: MNST) are the most notable, showing a loss of 8.7% and 7.4%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is up 0.6% in midday trading, and down 10.10% on a year-to-date basis. Coty, Inc., meanwhile, is down 26.38% year-to-date, and Monster Beverage Corp , is down 22.34% year-to-date. Combined, COTY and MNST make up approximately 1.4% 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, eight sectors are up on the day, while one sector is down.

Sector % Change
Energy +2.0%
Technology & Communications +1.7%
Healthcare +1.0%
Industrial +1.0%
Materials +1.0%
Financial +0.9%
Services +0.4%
Consumer Products +0.2%
Utilities -0.8%

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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.

In This Story

XLU IYK WEC COTY

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