Consumer Products Sector Struggles as Utilities Show Mixed Results
During afternoon trading on Thursday, Consumer Products stocks are lagging, rising only 0.1%. Notably, LKQ Corp (Symbol: LKQ) and Pool Corp (Symbol: POOL) are underperforming, with losses of 11.5% and 5.9%, respectively. The iShares U.S. Consumer Goods ETF (Symbol: IYK), which tracks this sector, is down 1.5% for the day but has increased by 7.48% year-to-date. In contrast, LKQ Corp has gained 2.23% year-to-date, while Pool Corp has seen a decline of 14.29% in the same period.
The Utilities sector follows closely behind, with a modest increase of 0.5%. Among the larger companies in this sector, NextEra Energy Inc (Symbol: NEE) and Xcel Energy Inc (Symbol: XEL) both reported losses of 2.3% and 1.5%, respectively. The Utilities Select Sector SPDR ETF (XLU), which closely mirrors Utilities stocks, is experiencing a slight uptick of 0.2% today and is up 4.43% year-to-date. Year-to-date performance has NextEra Energy down 7.52%, whereas Xcel Energy has risen by 6.02%. Together, NEE and XEL represent approximately 14.7% of the XLU’s underlying holdings.
For a comparative analysis, below is a relative Stock price performance chart spanning the trailing twelve months, featuring each symbol in distinctive colors as detailed in the legend at the bottom:
Below is a snapshot of how S&P 500 components across various sectors are performing in afternoon trading on Thursday. You can note that while nine sectors are in the positive today, none are experiencing declines.
| Sector | % Change |
|---|---|
| Technology & Communications | +3.5% |
| Materials | +2.6% |
| Industrial | +2.1% |
| Energy | +1.7% |
| Healthcare | +1.3% |
| Financial | +1.3% |
| Services | +1.1% |
| Utilities | +0.5% |
| Consumer Products | +0.1% |
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.
