News

We provide the latest news
from the world of economics and finance

06 June
Thursday Sector Leaders: Consumer Products, Healthcare

In afternoon trading on Thursday, Consumer Products stocks are the best performing sector, higher by 0.3%. Within that group, J.M. Smucker Co. (Symbol: SJM) and Tesla Inc (Symbol: TSLA) are two of the day's stand-outs, showing a gain of 4.9% and 2.5%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is up 0.6% on the day, and up 6.04% year-to-date. J.M. Smucker Co., meanwhile, is down 6.75% year-to-date, and Tesla Inc, is down 27.80% year-to-date. SJM makes up approximately 0.5% of the underlying holdings of IYK.

The next best performing sector is the Healthcare sector, up 0.3%. Among large Healthcare stocks, Illumina Inc (Symbol: ILMN) and Insulet Corp (Symbol: PODD) are the most notable, showing a gain of 8.8% and 2.6%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 0.1% in midday trading, and up 7.39% on a year-to-date basis. Illumina Inc, meanwhile, is down 16.56% year-to-date, and Insulet Corp, is down 11.29% year-to-date. Combined, ILMN and PODD make up approximately 0.6% of the underlying holdings of XLV.

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, four sectors are up on the day, while four sectors are down.

Also see:

ETFs Holding DIN
ASLN Videos
VSTO Videos

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