Markets PCG

Wednesday Sector Laggards: Utilities, Materials

In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 0.5% loss. Within that group, PG&E Corp (Symbol: PCG) and Sempra (Symbol: SRE) are two large stocks that are lagging, showing a loss of 1.8% and 1.3%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.6% on the day, and up 25.81% year-to-date. PG&E Corp, meanwhile, is up 8.32% year-to-date, and Sempra is up 12.58% year-to-date. Combined, PCG and SRE make up approximately 8.0% of the underlying holdings of XLU.

The next worst performing sector is the Materials sector, showing a 0.3% loss. Among large Materials stocks, Albemarle Corp. (Symbol: ALB) and Avery Dennison Corp (Symbol: AVY) are the most notable, showing a loss of 3.3% and 3.1%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.5% in midday trading, and up 9.89% on a year-to-date basis. Albemarle Corp., meanwhile, is down 39.07% year-to-date, and Avery Dennison Corp is up 6.85% year-to-date. Combined, ALB and AVY make up approximately 2.7% of the underlying holdings of XLB.

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:

Portfolio Channel

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 two sectors are down.

Sector% Change
Technology & Communications+0.5%
Consumer Products+0.4%
Services+0.4%
Energy+0.3%
Healthcare+0.2%
Financial+0.2%
Industrial+0.2%
Materials-0.3%
Utilities-0.5%

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Also see:

• AAOI market cap history
• BCAB Average Annual Return
• GGN Dividend History

BNK Invest
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
AAOI market cap history BCAB Average Annual Return GGN Dividend History More articles by this source

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