Thursday Sector Laggards: Services, Energy

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Looking at the sectors faring worst as of midday Thursday, shares of Services companies are underperforming other sectors, showing a 0.7% loss. Within that group, Ulta Beauty Inc (Symbol: ULTA) and Dish Network Corp (Symbol: DISH) are two large stocks that are lagging, showing a loss of 6.7% and 5.0%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.4% on the day, and up 10.07% year-to-date. Ulta Beauty Inc, meanwhile, is down 23.95% year-to-date, and Dish Network Corp, is down 15.33% year-to-date. Combined, ULTA and DISH make up approximately 0.7% of the underlying holdings of IYC.

The next worst performing sector is the Energy sector, showing a 0.7% loss. Among large Energy stocks, Helmerich & Payne, Inc. (Symbol: HP) and Chesapeake Energy Corp. (Symbol: CHK) are the most notable, showing a loss of 2.9% and 2.8%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is down 0.5% in midday trading, and down 7.30% on a year-to-date basis. Helmerich & Payne, Inc., meanwhile, is down 31.72% year-to-date, and Chesapeake Energy Corp., is down 45.30% year-to-date. Combined, HP and CHK make up approximately 0.9% of the underlying holdings of XLE.

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:

Yield Charts

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, six sectors are up on the day, while two sectors are down.

Sector % Change
Utilities +0.6%
Industrial +0.4%
Materials +0.3%
Technology & Communications +0.2%
Consumer Products +0.1%
Financial +0.1%
Healthcare 0.0%
Services -0.7%
Energy -0.7%

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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: XLE , ULTA , DISH , IYC , HP

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