HomeMost PopularThursday Sector Laggards: Technology & Communications, Consumer Products

Thursday Sector Laggards: Technology & Communications, Consumer Products

Actionable Trade Ideas

always free

The worst performing sector as of midday Thursday is the Technology & Communications sector, showing a 0.4% loss. Within that group, Epam Systems, Inc. (Symbol: EPAM) and Airbnb Inc (Symbol: ABNB) are two of the day’s laggards, showing a loss of 25.8% and 6.9%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.1% on the day, and up 6.47% year-to-date. Epam Systems, Inc., meanwhile, is down 37.83% year-to-date, and Airbnb Inc is up 8.00% year-to-date. EPAM makes up approximately 0.1% of the underlying holdings of XLK.

The next worst performing sector is the Consumer Products sector, higher by 0.5%. Among large Consumer Products stocks, Tesla Inc (Symbol: TSLA) and McCormick & Co Inc (Symbol: MKC) are the most notable, showing a loss of 1.4% and 1.1%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.5% in midday trading, and up 5.96% on a year-to-date basis. Tesla Inc, meanwhile, is down 30.65% year-to-date, and McCormick & Co Inc is up 9.81% year-to-date. MKC makes 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, eight sectors are up on the day, while one sector is down.

Sector % Change
Utilities +1.1%
Services +1.0%
Healthcare +1.0%
Materials +0.8%
Energy +0.8%
Financial +0.6%
Consumer Products +0.5%
Industrial +0.5%
Technology & Communications -0.4%

nslideshow25 Dividend Giants Widely Held By ETFs »

Also see:

• Utilities Dividend Stock List
• GBTG Videos
• UI shares outstanding history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.