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Friday Sector Laggards: Utilities, Consumer Products

By Dividend Channel Staff, Friday, April 5, 2:33 PM ET
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In afternoon trading on Friday, Utilities stocks are the worst performing sector, showing a 0.3% loss. Within that group, American Water Works Co, Inc. (NYSE:AWK) and WEC Energy Group Inc (NYSE:WEC) are two large stocks that are lagging, showing a loss of 2.0% and 1.6%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is flat on the day on the day, and up 3.37% year-to-date. American Water Works Co, Inc., meanwhile, is down 10.08% year-to-date, and WEC Energy Group Inc, is down 4.23% year-to-date. Combined, AWK and WEC make up approximately 5.0% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, showing a 0.2% loss. Among large Consumer Products stocks, Tesla Inc (NASDAQ:TSLA) and Hormel Foods Corp. (NYSE:HRL) are the most notable, showing a loss of 3.5% and 1.6%, 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 3.05% on a year-to-date basis. Tesla Inc, meanwhile, is down 33.52% year-to-date, and Hormel Foods Corp. is up 8.70% year-to-date. HRL makes up approximately 0.5% 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:

The Online Investor

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector% Change
Industrial+0.9%
Energy+0.8%
Healthcare+0.7%
Technology & Communications+0.5%
Services+0.4%
Financial+0.4%
Materials+0.3%
Consumer Products-0.2%
Utilities-0.3%


This Article's Word Cloud:   American   Among   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Financial   Foods   Friday   Giants   Goods   Group   Healthcare   Held   Here   Hormel   NYSE   Products   Sector   Tesla   Utilities   Water   Works   afternoon   approximately   basis   date   down   flat   holdings   large   loss   meanwhile   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year

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