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Wednesday Sector Laggards: Energy, Utilities


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The worst performing sector as of midday Wednesday is the Energy 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 8.3% and 2.7%, 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 5.76% year-to-date. Cimarex Energy Co, meanwhile, is down 26.66% year-to-date, and Marathon Oil Corp. is up 19.67% 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 Utilities sector, showing a 0.4% loss. Among large Utilities stocks, Southern Company (Symbol: SO) and SCANA Corp (Symbol: SCG) are the most notable, showing a loss of 4.7% and 2.6%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.6% in midday trading, and up 2.03% on a year-to-date basis. Southern Company , meanwhile, is down 0.26% year-to-date, and SCANA Corp, is down 0.17% year-to-date. Combined, SO and SCG make up approximately 7.5% 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:

Yield Charts

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

Sector % Change
Technology & Communications +0.2%
Services +0.1%
Financial +0.1%
Industrial -0.0%
Healthcare -0.1%
Materials -0.1%
Consumer Products -0.3%
Utilities -0.4%
Energy -0.9%

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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: XLU , XEC , MRO , XLE , SO



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