Markets DVN

Tuesday Sector Laggards: Energy, Services

Looking at the sectors faring worst as of midday Tuesday, shares of Energy companies are underperforming other sectors, showing a 0.4% loss. Within that group, Devon Energy Corp. (Symbol: DVN) and Occidental Petroleum Corp (Symbol: OXY) are two of the day's laggards, showing a loss of 2.9% and 2.6%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.5% on the day, and up 9.18% year-to-date. Devon Energy Corp., meanwhile, is up 12.63% year-to-date, and Occidental Petroleum Corp is up 2.47% year-to-date. Combined, DVN and OXY make up approximately 4.0% of the underlying holdings of XLE.

The next worst performing sector is the Services sector, up 0.7%. Among large Services stocks, Walgreens Boots Alliance Inc (Symbol: WBA) and Booking Holdings Inc (Symbol: BKNG) are the most notable, showing a loss of 13.4% and 4.8%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.9% in midday trading, and up 2.79% on a year-to-date basis. Walgreens Boots Alliance Inc, meanwhile, is up 16.18% year-to-date, and Booking Holdings Inc, is down 5.59% year-to-date. BKNG makes up approximately 2.7% of the underlying holdings of IYC.

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 Message Boards

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

Sector% Change
Healthcare+1.7%
Industrial+1.7%
Utilities+1.5%
Technology & Communications+1.4%
Consumer Products+0.8%
Materials+0.8%
Services+0.7%
Financial+0.7%
Energy-0.4%

25 Dividend Giants Widely Held By ETFs »

Also see:

• Top Ten Hedge Funds Holding SONC
• Institutional Holders of PPP
• Institutional Holders of AEP

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.
Top Ten Hedge Funds Holding SONC Institutional Holders of PPP Institutional Holders of AEP More articles by this source
Stocks Mentioned

Latest Articles

Data is currently not available