Monday Sector Laggards: Consumer Products, Industrial

Written By Michael Gary Scott

Looking at the sectors faring worst as of midday Monday, shares of Consumer Products companies are underperforming other sectors, showing a 0.9% loss. Within the sector, Tesla Inc (Symbol: TSLA) and Deckers Outdoor Corp. (Symbol: DECK) are two of the day’s laggards, showing a loss of 5.6% and 3.8%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is up 0.2% on the day, and up 1.37% year-to-date. Tesla Inc, meanwhile, is down 5.44% year-to-date, and Deckers Outdoor Corp., is down 16.02% year-to-date.

The next worst performing sector is the Industrial sector, showing a 0.9% loss. Among large Industrial stocks, FedEx Corp (Symbol: FDX) and Stanley Black & Decker Inc (Symbol: SWK) are the most notable, showing a loss of 6.0% and 3.8%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.8% in midday trading, and up 4.16% on a year-to-date basis. FedEx Corp, meanwhile, is down 11.51% year-to-date, and Stanley Black & Decker Inc is up 5.50% year-to-date. Combined, FDX and SWK make up approximately 1.6% of the underlying holdings of XLI.

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:

ETF Channel

Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, three sectors are up on the day, while six sectors are down.

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Sector % Change
Utilities +0.4%
Energy +0.4%
Healthcare +0.1%
Services -0.4%
Technology & Communications -0.5%
Financial -0.6%
Consumer Products -0.9%
Industrial -0.9%
Materials -0.9%

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