Thursday Sector Laggards: Utilities, Energy

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Looking at the sectors faring worst as of midday Thursday, shares of Utilities companies are underperforming other sectors, not showing much of a gain. Within that group, AES Corp. (Symbol: AES) and CenterPoint Energy, Inc (Symbol: CNP) are two of the day's laggards, showing a loss of 2.0% and 0.8%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is flat on the day on the day, and up 16.99% year-to-date. AES Corp., meanwhile, is down 4.56% year-to-date, and CenterPoint Energy, Inc is up 21.15% year-to-date. Combined, AES and CNP make up approximately 2.7% of the underlying holdings of XLU.

The next worst performing sector is the Energy sector, higher by 0.1%. Among large Energy stocks, Range Resources Corp (Symbol: RRC) and EQT Corp (Symbol: EQT) are the most notable, showing a loss of 2.6% and 1.9%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 0.2% in midday trading, and down 6.63% on a year-to-date basis. Range Resources Corp, meanwhile, is down 53.04% year-to-date, and EQT Corp, is down 14.04% year-to-date. Combined, RRC and EQT make up approximately 2.1% 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:

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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 none of the sectors are down.

Sector % Change
Industrial +0.9%
Materials +0.8%
Technology & Communications +0.6%
Healthcare +0.5%
Financial +0.4%
Consumer Products +0.2%
Services +0.2%
Energy +0.1%
Utilities 0.0%

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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
Referenced Symbols: XLE , AES , CNP , XLU , RRC

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