Tuesday Sector Leaders: Energy, Services

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Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, higher by 1.4%. Within that group, Range Resources Corp (Symbol: RRC) and Chesapeake Energy Corp. (Symbol: CHK) are two large stocks leading the way, showing a gain of 7.1% and 4.8%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.7% on the day, and down 11.95% year-to-date. Range Resources Corp, meanwhile, is down 46.97% year-to-date, and Chesapeake Energy Corp., is down 45.80% year-to-date. Combined, RRC and CHK make up approximately 0.7% of the underlying holdings of XLE.

The next best performing sector is the Services sector, higher by 0.9%. Among large Services stocks, The Gap Inc (Symbol: GPS) and L Brands, Inc (Symbol: LB) are the most notable, showing a gain of 6.4% and 4.6%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.5% in midday trading, and up 9.44% on a year-to-date basis. The Gap Inc, meanwhile, is up 26.07% year-to-date, and L Brands, Inc, is down 37.07% year-to-date. Combined, GPS and LB make up approximately 0.5% of the underlying holdings of IYC.

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:

Metals Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Energy +1.4%
Services +0.9%
Technology & Communications +0.5%
Industrial +0.5%
Materials +0.3%
Consumer Products +0.2%
Financial +0.1%
Healthcare -0.1%
Utilities -2.0%

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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.

This article appears in: Investing , Investing Ideas
Referenced Symbols: IYC , RRC , CHK , XLE , GPS

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