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Consumer Products, Healthcare Leads The Tuesday Sectors

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(Credit: Ethan Miller / Staff) The growing demand for Consumer Products, Healthcare sectors to lead for Tuesday.Consumer Products, Healthcare Leads The Tuesday Sectors
November 2
6:25 AM 2016

Each day, millions of people of all ages in homes around the world use products from one or more of our consumer health care companies. These products keep babies clean and comfortable, hold allergy symptoms in check, help heal wounds, reduce fevers, relieve muscle pain, prevent sunburn, and help ensure a healthier diet.

Each one of our consumer businesses embraces cutting-edge science to create products that are doctor-recommended, helping you and your family to be well and stay well. As a result, consumer companies produce many of the world's most trusted brands of different purposes. This ideal brought into this sector performance of Consumer Products and Heathcare.

Unto the trading this afternoon trading on Tuesday, Consumer Products stocks are the best performing sector, losing just 1.0%. Within that group, Archer Daniels Midland Co. (NYSE: ADM) and Johnson Controls International plc (NYSE: JCI) are two of the day's stand-outs, showing a gain of 7.9% and 1.7%, respectively.

Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (AMEX: IYK), which is down 0.8% on the day, and up 4.24% year-to-date. Archer Daniels Midland Co., meanwhile, is up 30.58% year-to-date, and Johnson Controls International plc is up 25.49% year-to-date. Combined, ADM and JCI make up approximately 3.0% of the underlying holdings of IYK.

The next best performing sector is the Healthcare sector, losing just 1.0%. Among large Healthcare stocks, Patterson Companies Inc (NASD: PDCO) and McKesson Corp. (NYSE: MCK) are the most notable, showing a gain of 2.5% and 1.1%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 1.1% in midday trading, and down 6.36% on a year-to-date basis. Patterson Companies Inc, meanwhile, is down 1.04% year-to-date, and McKesson Corp., is down 34.37% year-to-date. Combined, PDCO and MCK make up approximately 1.3% of the underlying holdings of XLV.

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