Monday Sector Laggards: Energy, Healthcare

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In afternoon trading on Monday, Energy stocks are the worst performing sector, showing a 1.0% loss. Within that group, Concho Resources Inc (Symbol: CXO) and ONEOK Inc (Symbol: OKE) are two large stocks that are lagging, showing a loss of 3.5% and 2.6%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.8% on the day, and up 11.84% year-to-date. Concho Resources Inc, meanwhile, is up 0.55% year-to-date, and ONEOK Inc is up 27.61% year-to-date. Combined, CXO and OKE make up approximately 4.3% of the underlying holdings of XLE.

The next worst performing sector is the Healthcare sector, showing a 0.7% loss. Among large Healthcare stocks, Bristol-Myers Squibb Co. (Symbol: BMY) and Celgene Corp (Symbol: CELG) are the most notable, showing a loss of 7.2% and 5.2%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is down 0.6% in midday trading, and up 8.59% on a year-to-date basis. Bristol-Myers Squibb Co., meanwhile, is down 10.33% year-to-date, and Celgene Corp is up 46.34% year-to-date. Combined, BMY and CELG make up approximately 4.0% 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:

Stock Options Channel

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

Sector % Change
Technology & Communications +0.3%
Consumer Products -0.1%
Materials -0.1%
Utilities -0.2%
Industrial -0.2%
Financial -0.3%
Services -0.4%
Healthcare -0.7%
Energy -1.0%

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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 , Stocks
Referenced Symbols: XLV , CXO , OKE , XLE , BMY

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