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Friday Sector Laggards: Utilities, Consumer Products


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Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, showing a 0.3% loss. Within that group, American Water Works Co, Inc. (Symbol: AWK) and Edison International (Symbol: EIX) are two of the day’s laggards, showing a loss of 4.6% and 1.1%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.2% on the day, and down 4.21% year-to-date. American Water Works Co, Inc., meanwhile, is down 11.61% year-to-date, and Edison International, is down 2.58% year-to-date. Combined, AWK and EIX make up approximately 5.5% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, up 0.1%. Among large Consumer Products stocks, Under Armour Inc (Symbol: UAA) and Kellogg Co (Symbol: K) are the most notable, showing a loss of 1.4% and 1.3%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is up 0.1% in midday trading, and up 0.80% on a year-to-date basis. Under Armour Inc, meanwhile, is up 4.54% year-to-date, and Kellogg Co, is down 4.19% year-to-date. Combined, UAA and K make up approximately 0.8% 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:

RediNews 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, eight sectors are up on the day, while one sector is down.

Sector % Change
Services +1.0%
Energy +1.0%
Technology & Communications +0.9%
Industrial +0.8%
Healthcare +0.7%
Materials +0.2%
Consumer Products +0.1%
Financial +0.1%
Utilities -0.3%

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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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