Wednesday Sector Leaders: Energy, Utilities

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In afternoon trading on Wednesday, Energy stocks are the best performing sector, higher by 0.6%. Within that group, Newfield Exploration Co (Symbol: NFX) and Diamondback Energy, Inc. (Symbol: FANG) are two of the day's stand-outs, showing a gain of 4.0% and 3.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.4% on the day, and down 15.24% year-to-date. Newfield Exploration Co, meanwhile, is down 53.60% year-to-date, and Diamondback Energy, Inc., is down 27.81% year-to-date. Combined, NFX and FANG make up approximately 1.4% of the underlying holdings of XLE.

The next best performing sector is the Utilities sector, higher by 0.3%. Among large Utilities stocks, PG&E Corp (Symbol: PCG) and Edison International (Symbol: EIX) are the most notable, showing a gain of 2.7% and 1.7%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is up 0.3% in midday trading, and up 6.44% on a year-to-date basis. PG&E Corp , meanwhile, is down 47.27% year-to-date, and Edison International, is down 4.69% year-to-date. Combined, PCG and EIX make up approximately 4.1% 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 Wednesday. As you can see, two sectors are up on the day, while seven sectors are down.

Sector % Change
Energy +0.6%
Utilities +0.3%
Materials -0.1%
Financial -0.2%
Consumer Products -0.3%
Industrial -0.3%
Services -0.5%
Healthcare -0.7%
Technology & Communications -1.0%

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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 , Investing Ideas
Referenced Symbols: XLU , FANG , XLE , PCG

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