Markets

Monday Sector Leaders: Energy, Utilities

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Shutterstock photo

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The best performing sector as of midday Monday is the Energy sector, up 2.3%. Within that group, XL Group Ltd (Symbol: XL) and Chesapeake Energy Corp. (Symbol: CHK) are two large stocks leading the way, showing a gain of 28.9% and 5.7%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.8% on the day, and down 6.56% year-to-date. XL Group Ltd, meanwhile, is up 58.72% year-to-date, and Chesapeake Energy Corp., is down 20.96% year-to-date. CHK makes up approximately 0.3% of the underlying holdings of XLE.

The next best performing sector is the Utilities sector, up 1.3%. Among large Utilities stocks, Sempra Energy (Symbol: SRE) and SCANA Corp (Symbol: SCG) are the most notable, showing a gain of 2.9% and 2.5%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is up 1.4% in midday trading, and down 5.83% on a year-to-date basis. Sempra Energy, meanwhile, is up 3.01% year-to-date, and SCANA Corp is up 2.14% year-to-date. Combined, SRE and SCG make up approximately 5.2% 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:

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Energy +2.3%
Utilities +1.3%
Financial +1.2%
Materials +1.2%
Technology & Communications +1.1%
Consumer Products +0.8%
Industrial +0.7%
Services +0.6%
Healthcare +0.6%

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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XLU XLE SRE

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