Wednesday Sector Laggards: Consumer Products, Technology & Communications

The worst performing sector as of midday Wednesday is the Consumer Products sector, showing a 0.8% loss. Within that group, General Mills, Inc. (Symbol: GIS) and Under Armour Inc (Symbol: UA) are two of the day’s laggards, showing a loss of 6.0% and 3.6%, respectively. Among consumer products ETFs , one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is down 0.6% on the day, and up 10.99% year-to-date. General Mills, Inc., meanwhile, is down 13.39% year-to-date, and Under Armour Inc, is down 39.85% year-to-date. Combined, GIS and UA make up approximately 1.5% of the underlying holdings of IYK.

The next worst performing sector is the Technology & Communications sector, showing a 0.8% loss. Among large Technology & Communications stocks, Skyworks Solutions, Inc. (Symbol: SWKS) and Western Digital Corp (Symbol: WDC) are the most notable, showing a loss of 4.9% and 4.9%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is down 0.6% in midday trading, and up 22.64% on a year-to-date basis. Skyworks Solutions, Inc., meanwhile, is up 38.60% year-to-date, and Western Digital Corp is up 27.34% year-to-date. Combined, SWKS and WDC make up approximately 0.9% of the underlying holdings of XLK.

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 Wednesday. As you can see, four sectors are up on the day, while five sectors are down.

Sector % Change
Energy +1.4%
Industrial +0.5%
Financial +0.3%
Materials +0.2%
Services -0.1%
Healthcare -0.1%
Utilities -0.7%
Consumer Products -0.8%
Technology & Communications -0.8%

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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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