Thursday Sector Laggards: Materials, Consumer Products

Photo of author

By Ronald Tech

Looking at the sectors faring worst as of midday Thursday, shares of Materials companies are underperforming other sectors, showing a 0.5% loss. Within that group, International Paper Co (Symbol: IP) and Albemarle Corp. (Symbol: ALB) are two of the day’s laggards, showing a loss of 7.7% and 3.4%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 0.4% on the day, and up 4.04% year-to-date. International Paper Co, meanwhile, is up 21.59% year-to-date, and Albemarle Corp., is down 32.40% year-to-date. Combined, IP and ALB make up approximately 2.6% of the underlying holdings of XLB.

The next worst performing sector is the Consumer Products sector, showing a 0.4% loss. Among large Consumer Products stocks, Estee Lauder Cos., Inc. (Symbol: EL) and Altria Group Inc (Symbol: MO) are the most notable, showing a loss of 2.5% and 2.2%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.7% in midday trading, and up 4.35% on a year-to-date basis. Estee Lauder Cos., Inc., meanwhile, is down 23.61% year-to-date, and Altria Group Inc is up 17.19% year-to-date. MO makes up approximately 3.7% 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:

Portfolio 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, three sectors are up on the day, while six sectors are down.

See also  Unprecedented Exuberance in S&P 500, NASDAQ, and DAX: Analyzing Trading OpportunitiesUnprecedented Exuberance in S&P 500, NASDAQ, and DAX: Analyzing Trading Opportunities
Sector % Change
Technology & Communications +0.5%
Utilities +0.1%
Financial +0.1%
Industrial -0.1%
Energy -0.1%
Healthcare -0.2%
Consumer Products -0.4%
Services -0.4%
Materials -0.5%

25 Dividend Giants Widely Held By ETFs »

Also see:

• Utilities Dividend Stock List
• EPU YTD Return
• SLP Historical Stock Prices