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Wednesday Sector Laggards: Consumer Products, Utilities

By Dividend Channel Staff, Wednesday, April 3, 2:48 PM ET
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Looking at the sectors faring worst as of midday Wednesday, shares of Consumer Products companies are underperforming other sectors, showing a 0.8% loss. Within the sector, Estee Lauder Cos., Inc. (NYSE:EL) and McCormick & Co Inc (NYSE:MKC) are two large stocks that are lagging, showing a loss of 4.4% and 2.8%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (NYSE:IYK), which is down 0.9% on the day, and up 3.91% year-to-date. Estee Lauder Cos., Inc., meanwhile, is up 0.34% year-to-date, and McCormick & Co Inc is up 11.18% year-to-date. MKC makes up approximately 0.9% of the underlying holdings of IYK.

The next worst performing sector is the Utilities sector, showing a 0.3% loss. Among large Utilities stocks, Eversource Energy (NYSE:ES) and Pinnacle West Capital Corp (NYSE:PNW) are the most notable, showing a loss of 1.6% and 1.2%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.3% in midday trading, and up 3.71% on a year-to-date basis. Eversource Energy, meanwhile, is down 4.30% year-to-date, and Pinnacle West Capital Corp is up 3.03% year-to-date. Combined, ES and PNW make up approximately 2.9% of the underlying holdings of XLU.

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:

Metals 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, six sectors are up on the day, while three sectors are down.

Sector% Change
Energy+1.0%
Materials+0.7%
Technology & Communications+0.6%
Industrial+0.6%
Healthcare+0.2%
Financial+0.2%
Services-0.2%
Utilities-0.3%
Consumer Products-0.8%


This Article's Word Cloud:   Among   Buying   Capital   Change   Combined   Communications   Comparing   Consumer   Corp   ETFs   Energy   Estee   Eversource   Financial   Goods   Healthcare   Here   Industrial   Insiders   Lauder   Looking   Materials   McCormick   NYSE   Pinnacle   Products   Sector   Utilities   Wednesday   West   approximately   basis   date   down   faring   holdings   large   loss   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year

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