Market News Video

Thursday Sector Leaders: Utilities, Consumer Products

By Market News Video Staff, Thursday, September 21, 2:41 PM ET

Looking at the sectors faring best as of midday Thursday, shares of Utilities companies are outperforming other sectors, losing just 0.4%. Within that group, Eversource Energy (NYSE:ES) and Public Service Enterprise Group Inc (NYSE:PEG) are two large stocks leading the way, showing a gain of 0.9% and 0.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 0.4% on the day, and down 5.69% year-to-date. Eversource Energy, meanwhile, is down 21.80% year-to-date, and Public Service Enterprise Group Inc is up 1.11% year-to-date. Combined, ES and PEG make up approximately 5.4% of the underlying holdings of XLU.

The next best performing sector is the Consumer Products sector, losing just 0.8%. Among large Consumer Products stocks, Hormel Foods Corp. (NYSE:HRL) and Kraft Heinz Co (NASDAQ:KHC) are the most notable, showing a gain of 1.6% and 1.2%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.6% in midday trading, and down 2.50% on a year-to-date basis. Hormel Foods Corp., meanwhile, is down 12.05% year-to-date, and Kraft Heinz Co, is down 12.63% year-to-date. Combined, HRL and KHC make up approximately 1.8% 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:

Market News Video

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, none of the sectors are up on the day, while nine sectors are down.

Sector% Change
Utilities-0.4%
Consumer Products-0.8%
Services-0.9%
Energy-0.9%
Industrial-1.1%
Materials-1.1%
Healthcare-1.2%
Technology & Communications-1.2%
Financial-1.3%


This Article's Word Cloud:   Among   Buying   Change   Combined   Communications   Comparing   Consumer   Corp   ETFs   Energy   Enterprise   Eversource   Financial   Foods   Goods   Group   Healthcare   Heinz   Hormel   Kraft   NYSE   Products   Public   Sector   Service   Thursday   Utilities   approximately   basis   best   date   down   faring   gain   holdings   just   large   losing   make   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   year
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