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Thursday Sector Laggards: Utilities, Consumer Products

By Market News Video Staff, Thursday, July 11, 2:33 PM ET
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Looking at the sectors faring worst as of midday Thursday, shares of Utilities companies are underperforming other sectors, showing a 0.8% loss. Within the sector, Pinnacle West Capital Corp (NYSE:PNW) and American Water Works Co, Inc. (NYSE:AWK) are two large stocks that are lagging, showing a loss of 1.4% and 1.4%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 0.8% on the day, and up 16.05% year-to-date. Pinnacle West Capital Corp, meanwhile, is up 12.18% year-to-date, and American Water Works Co, Inc. is up 30.01% year-to-date. Combined, PNW and AWK make up approximately 3.9% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, showing a 0.6% loss. Among large Consumer Products stocks, Conagra Brands Inc (NYSE:CAG) and J.M. Smucker Co. (NYSE:SJM) are the most notable, showing a loss of 3.6% and 3.3%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.3% in midday trading, and up 17.09% on a year-to-date basis. Conagra Brands Inc, meanwhile, is up 29.83% year-to-date, and J.M. Smucker Co. is up 24.03% year-to-date. Combined, CAG and SJM make up approximately 1.2% 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:

ETF Channel

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

Sector% Change
Industrial+0.2%
Services0.0%
Financial-0.1%
Technology & Communications-0.1%
Materials-0.3%
Energy-0.3%
Healthcare-0.4%
Consumer Products-0.6%
Utilities-0.8%


This Article's Word Cloud:   American   Among   Brands   Buying   Capital   Change   Combined   Communications   Comparing   Conagra   Consumer   Corp   ETFs   Energy   Financial   Goods   Healthcare   Here   Industrial   NYSE   Pinnacle   Products   Sector   Smucker   Thursday   Utilities   Water   West   Works   approximately   basis   date   down   faring   holdings   large   loss   make   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year
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