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Wednesday Laggards Are Utilities And Consumer Products

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November 10
6:00 AM 2016

With a loss of 3.2%, the Utilities companies have been noted to be underperforming compared to other sectors as of midday Wednesday. Showing a loss of 6.0% and 4.5% respectively, the NextEra Energy Inc (Symbol: NEE) and Xcel Energy, Inc. (Symbol: XEL) are two of the day's laggards.

In the utilities ETFs , the Utilities Select Sector SPDR ETF (Symbol: XLU) which is down 3.6% on the day, and up 12.24% year-to-date, is one ETF following the sector. Meanwhile, NextEra Energy Inc, is up by 15.80% year-to-date, while the Xcel Energy, Inc. is up 13.30% year-to-date. Said figures from NEE and XEL could make up to an approximately 13.1% of the primary shares of XLU when combined.

 NextEra Energy, Inc. (NEE) is a Fortune 200 energy company with about 44,900 megawatts of generating capacity, revenues of approximately $17 billion, and about 13,800 employees in 27 states and Canada. NEE is listed as #191 in the 2014.

Xcel Energy Inc., on the other hand, is a utility holding company based in Minneapolis, Minnesota, serving more than 3.3 million electric customers and 1.8 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas and New Mexico. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co. Ben Fowke is the Chairman, CEO, and President.

Following the Utilities companies is the Consumer Products sector which has shown a loss of 1.1%. Included in the companies with large Consumer Products stocks are Coty, Inc. (Symbol: COTY) and Constellation Brands Inc (Symbol: STZ) with a recorded loss of 9.8% and 8.3%, respectively. Among Consumer Products stocks ETFs is the iShares U.S. Consumer Goods ETF ( IYK ), that is down 1.9% during the midday trading while up by 3.71% on a year-to-date basis. Coty, Inc.

Coty, Inc., is an American beauty products manufacturer based in New York founded in Paris, France, by François Coty in 1904. Its main products are fragrances, color cosmetics and skin and body care products.

Meanwhile, Constellation Brands, Inc., of Victor, New York, is a publicly traded drinks company with brands in wine, beer and spirits.

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