Tuesday lagging behind the sector: utilities, consumer products


THELooking at the worst sectors on Tuesday at noon, shares of utility companies underperformed other sectors, up 0.7%. Within that group, Edison International (ticker: EIX) and Consolidated Edison Inc (ticker: ED) were two of the day’s laggards, posting losses of 0.8% and 0.2%, respectively. Among Utilities ETF, an ETF following the sector is the Utilities Select Sector SPDR ETF (ticker: XLU), which is up 0.7% on the day and 12.23% year-to-date. Edison International, meanwhile, is up 10.89% year-to-date, and Consolidated Edison Inc is up 16.62% year-to-date. Together, EIX and ED represent approximately 4.9% of the underlying holdings of XLU.

The second worst performing sector was the consumer products sector, up 1.0%. Among the major consumer products stocks, McCormick & Co Inc (ticker: MKC) and Clorox Co (ticker: CLX) are the most notable, posting losses of 3.3% and 2.7%, respectively. The iShares US Consumer Goods (IYK) ETF, which closely tracks consumer products stocks, is up 0.2% at midday and 10.12% year-to-date. McCormick & Co Inc, meanwhile, is down 7.79% year-to-date, and Clorox Co, 16.41% year-to-date. Together, MKC and CLX represent approximately 2.8% of IYK’s underlying holdings.

Comparing these stocks and ETFs on a rolling twelve month basis, below is a graph of relative stock price performance, with each of the symbols displayed in a different color, as shown in the legend at the bottom:

Here’s a look at how the components of the S&P 500 have moved across sectors in Tuesday afternoon trading. As you can see, nine sectors are up on this day, while none of the sectors are down.

Sector % Switch
Energy + 3.5%
Technology and communication + 3.1%
Materials + 2.0%
Health care + 1.7%
Financial + 1.7%
Industrial + 1.7%
Services + 1.6%
Consumer products + 1.0%
Utilities + 0.7%

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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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