Quantcast

Thursday Sector Laggards: Energy, Financial


Shutterstock photo

In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 0.9% loss. Within the sector, Cimarex Energy Co (Symbol: XEC) and Marathon Oil Corp. (Symbol: MRO) are two large stocks that are lagging, showing a loss of 5.2% and 5.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.9% on the day, and down 6.07% year-to-date. Cimarex Energy Co, meanwhile, is down 20.53% year-to-date, and Marathon Oil Corp., is down 5.11% year-to-date. Combined, XEC and MRO make up approximately 1.9% of the underlying holdings of XLE.

The next worst performing sector is the Financial sector, up 0.2%. Among large Financial stocks, Equinix Inc (Symbol: EQIX) and Franklin Resources, Inc. (Symbol: BEN) are the most notable, showing a loss of 6.6% and 2.6%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is up 0.1% in midday trading, and up 3.55% on a year-to-date basis. Equinix Inc, meanwhile, is down 10.17% year-to-date, and Franklin Resources, Inc., is down 10.52% year-to-date. BEN makes up approximately 0.4% of the underlying holdings of XLF.

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:

Energy Stock Channel

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, eight sectors are up on the day, while one sector is down.

Sector % Change
Utilities +1.5%
Technology & Communications +1.2%
Consumer Products +0.9%
Healthcare +0.9%
Industrial +0.9%
Services +0.6%
Materials +0.6%
Financial +0.2%
Energy -0.9%

10 ETFs With Stocks That Insiders Are Buying ยป

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
Referenced Symbols: XLF , XEC , MRO , XLE , EQIX



More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing










Research Brokers before you trade

Want to trade FX?