Markets NEE

Tuesday Sector Laggards: Utilities, Energy

Looking at the sectors faring worst as of midday Tuesday, shares of Utilities companies are underperforming other sectors, showing a 1.6% loss. Within that group, NextEra Energy Inc (Symbol: NEE) and AES Corp (Symbol: AES) are two large stocks that are lagging, showing a loss of 3.5% and 3.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.9% on the day, and up 28.07% year-to-date. NextEra Energy Inc, meanwhile, is up 34.19% year-to-date, and AES Corp, is down 11.38% year-to-date. Combined, NEE and AES make up approximately 14.2% of the underlying holdings of XLU.

The next worst performing sector is the Energy sector, showing a 1.3% loss. Among large Energy stocks, Phillips 66 (Symbol: PSX) and Marathon Petroleum Corp. (Symbol: MPC) are the most notable, showing a loss of 4.2% and 3.4%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.4% in midday trading, and up 7.47% on a year-to-date basis. Phillips 66, meanwhile, is down 4.74% year-to-date, and Marathon Petroleum Corp., is down 0.01% year-to-date. Combined, PSX and MPC make up approximately 7.6% of the underlying holdings of XLE.

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:

Canada Stock Channel

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, three sectors are up on the day, while six sectors are down.

Sector% Change
Technology & Communications+1.2%
Industrial+0.2%
Healthcare+0.1%
Services-0.2%
Financial-0.3%
Consumer Products-0.7%
Materials-0.9%
Energy-1.3%
Utilities-1.6%

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Also see:

• Jim Simons Stock Picks
• HMB Historical Stock Prices
• Top Ten Hedge Funds Holding BACR

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.
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