Sunday, January 29

Thursday Sector Leaders: Consumer Products, Technology & Communications

The best performing sector as of midday Thursday is the Consumer Products sector, losing just 0.2%. Within that group, Whirlpool Corp (Symbol: WHR) and Genuine Parts Co. (Symbol: GPC) are two large stocks leading the way, showing a gain of 1.7% and 1.6%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is down 0.6% on the day, and down 0.79% year-to-date. Whirlpool Corp, meanwhile, is down 24.70% year-to-date, and Genuine Parts Co. is up 2.29% year-to-date.

The next best performing sector is the Technology & Communications sector, losing just 0.4%. Among large Technology & Communications stocks, NXP Semiconductors NV (Symbol: NXPI) and Fortinet Inc (Symbol: FTNT) are the most notable, showing a gain of 6.7% and 3.6%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.6% in midday trading, and down 19.76% on a year-to-date basis. NXP Semiconductors NV, meanwhile, is down 16.72% year-to-date, and Fortinet Inc, is down 13.32% year-to-date. Combined, NXPI and FTNT make up approximately 1.0% of the underlying holdings of XLK.

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:

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
Consumer Products -0.2%
Technology & Communications -0.4%
Services -0.7%
Industrial -0.7%
Energy -0.7%
Financial -0.8%
Materials -0.8%
Utilities -0.9%
Healthcare -0.9%

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

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