Wednesday Sector Leaders: Utilities, Consumer Products

In afternoon trading on Wednesday, Utilities stocks are the best performing sector, up 1.9%. Within the sector, Entergy Corp (Symbol: ETR) and American Electric Power Co Inc (Symbol: AEP) are two large stocks leading the way, showing a gain of 2.9% and 2.8%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 2.0% on the day, and up 14.27% year-to-date. Entergy Corp, meanwhile, is up 18.65% year-to-date, and American Electric Power Co Inc is up 21.50% year-to-date. Combined, ETR and AEP make up approximately 7.9% of the underlying holdings of XLU.

The next best performing sector is the Consumer Products sector, up 0.9%. Among large Consumer Products stocks, Campbell Soup Co (Symbol: CPB) and Under Armour Inc (Symbol: UAA) are the most notable, showing a gain of 9.0% and 4.0%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 1.0% in midday trading, and up 13.09% on a year-to-date basis. Campbell Soup Co, meanwhile, is up 28.01% year-to-date, and Under Armour Inc is up 45.39% year-to-date. Combined, CPB and UAA make up approximately 0.6% 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 two sectors are down.

Sector % Change
Utilities +1.9%
Consumer Products +0.9%
Industrial +0.9%
Financial +0.8%
Healthcare +0.6%
Technology & Communications +0.4%
Services +0.1%
Materials -0.2%
Energy -1.4%

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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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