Markets

Wednesday Sector Leaders: Energy, Consumer Products

The best performing sector as of midday Wednesday is the Energy sector, up 0.3%. Within the sector, Diamondback Energy, Inc. (Symbol: FANG) and Valero Energy Corp (Symbol: VLO) are two large stocks leading the way, showing a gain of 1.8% and 1.6%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.2% on the day, and up 19.01% year-to-date. Diamondback Energy, Inc., meanwhile, is up 17.46% year-to-date, and Valero Energy Corp is up 20.90% year-to-date. Combined, FANG and VLO make up approximately 4.4% of the underlying holdings of XLE.

The next best performing sector is the Consumer Products sector, up 0.2%. Among large Consumer Products stocks, PepsiCo Inc (Symbol: PEP) and Tyson Foods Inc (Symbol: TSN) are the most notable, showing a gain of 3.3% and 2.2%, 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 up 15.33% on a year-to-date basis. PepsiCo Inc, meanwhile, is up 15.28% year-to-date, and Tyson Foods Inc is up 38.66% year-to-date. Combined, PEP and TSN make up approximately 9.2% 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, four sectors are up on the day, while five sectors are down.

Sector % Change
Energy +0.3%
Consumer Products +0.2%
Services +0.2%
Industrial +0.1%
Utilities -0.2%
Technology & Communications -0.3%
Financial -0.6%
Materials -0.7%
Healthcare -4.0%

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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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FANG VLO XLE PEP TSN

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