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Thursday Sector Laggards: Utilities, Technology & Communications

Looking at the sectors faring worst as of midday Thursday, shares of Utilities companies are underperforming other sectors, showing a 0.7% loss. Within the sector, PG&E Corp (Symbol: PCG) and Edison International (Symbol: EIX) are two large stocks that are lagging, showing a loss of 3.9% and 3.6%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.6% on the day, and up 14.65% year-to-date. PG&E Corp, meanwhile, is down 26.51% year-to-date, and Edison International, is down 29.32% year-to-date. Combined, PCG and EIX make up approximately 4.1% of the underlying holdings of XLU.

The next worst performing sector is the Technology & Communications sector, showing a 0.6% loss. Among large Technology & Communications stocks, First Solar Inc (Symbol: FSLR) and Enphase Energy Inc. (Symbol: ENPH) are the most notable, showing a loss of 6.7% and 4.1%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.4% in midday trading, and up 11.65% on a year-to-date basis. First Solar Inc, meanwhile, is up 9.28% year-to-date, and Enphase Energy Inc., is down 50.20% year-to-date. Combined, FSLR and ENPH make up approximately 0.3% of the underlying holdings of XLK.

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:

Stock Market Game

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, two sectors are up on the day, while seven sectors are down.

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

25 Dividend Giants Widely Held By ETFs »

Also see:

• Institutional Holders of MSCI
• Top Ten Hedge Funds Holding OLIT
• HPQ Stock Split History

BNK Invest
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
Institutional Holders of MSCI Top Ten Hedge Funds Holding OLIT HPQ Stock Split History More articles by this source

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