news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Thursday Sector Laggards: Energy, Consumer Products


Shutterstock photo

In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 0.6% loss. Within the sector, Kinder Morgan Inc. (Symbol: KMI) and Chesapeake Energy Corp. (Symbol: CHK) are two large stocks that are lagging, showing a loss of 2.7% and 2.3%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.4% on the day, and up 6.28% year-to-date. Kinder Morgan Inc., meanwhile, is up 5.37% year-to-date, and Chesapeake Energy Corp. is up 0.88% year-to-date. Combined, KMI and CHK make up approximately 2.9% of the underlying holdings of XLE.

The next worst performing sector is the Consumer Products sector, showing a 0.4% loss. Among large Consumer Products stocks, Coty, Inc. (Symbol: COTY) and Whirlpool Corp (Symbol: WHR) are the most notable, showing a loss of 2.4% and 1.9%, 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 1.40% on a year-to-date basis. Coty, Inc., meanwhile, is up 1.53% year-to-date, and Whirlpool Corp, is down 0.27% year-to-date. Combined, COTY and WHR make up approximately 0.9% 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:

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

Sector % Change
Services +0.6%
Technology & Communications +0.2%
Industrial -0.0%
Materials -0.1%
Utilities -0.2%
Healthcare -0.3%
Financial -0.3%
Consumer Products -0.4%
Energy -0.6%

25 Dividend Giants Widely Held By ETFs »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


No Comments

Post A Comment