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Thursday Sector Laggards: Energy, Consumer Products

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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%

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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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