Thursday Sector Laggards: Consumer Products, Utilities

In afternoon trading on Thursday, Consumer Products stocks are the worst performing sector, showing a 0.6% loss. Within that group, J.M. Smucker Co. (Symbol: SJM) and Hormel Foods Corp. (Symbol: HRL) are two large stocks that are lagging, showing a loss of 9.4% and 5.7%, respectively. Among consumer products ETFs , one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is down 0.5% on the day, and up 9.78% year-to-date. J.M. Smucker Co., meanwhile, is down 14.17% year-to-date, and Hormel Foods Corp., is down 6.61% year-to-date. Combined, SJM and HRL make 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, NRG Energy Inc (Symbol: NRG) and FirstEnergy Corp (Symbol: FE) are the most notable, showing a loss of 1.6% and 0.9%, 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 14.65% on a year-to-date basis. NRG Energy Inc, meanwhile, is up 106.36% year-to-date, and FirstEnergy Corp is up 8.88% year-to-date. Combined, NRG and FE make up approximately 3.2% 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:

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, four sectors are up on the day, while four sectors are down.

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