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Tuesday Sector Laggards: Energy, Utilities


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The worst performing sector as of midday Tuesday is the Energy sector, showing a 0.5% loss. Within that group, Baker Hughes, A GE Company (Symbol: BHGE) and Cimarex Energy Co (Symbol: XEC) are two large stocks that are lagging, showing a loss of 2.3% and 2.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.6% on the day, and down 5.83% year-to-date. Baker Hughes, A GE Company, meanwhile, is down 4.35% year-to-date, and Cimarex Energy Co, is down 23.47% year-to-date. Combined, BHGE and XEC make up approximately 1.9% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 0.4% loss. Among large Utilities stocks, Edison International (Symbol: EIX) and American Water Works Co, Inc. (Symbol: AWK) are the most notable, showing a loss of 1.6% and 1.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.3% in midday trading, and down 6.13% on a year-to-date basis. Edison International, meanwhile, is down 6.29% year-to-date, and American Water Works Co, Inc., is down 10.98% year-to-date. Combined, EIX and AWK make up approximately 5.6% of the underlying holdings of XLU.

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:

Chart Zero

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

Sector % Change
Services +0.2%
Consumer Products 0.0%
Industrial 0.0%
Materials -0.0%
Financial -0.2%
Healthcare -0.3%
Utilities -0.4%
Technology & Communications -0.4%
Energy -0.5%

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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: XLU , BHGE , XEC , XLE , EIX



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