DVN

Wednesday Sector Laggards: Energy, Healthcare

Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 2.3% loss. Within the sector, Devon Energy Corp. (Symbol: DVN) and Occidental Petroleum Corp (Symbol: OXY) are two of the day's laggards, showing a loss of 11.6% and 4.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.9% on the day, and up 4.67% year-to-date. Devon Energy Corp., meanwhile, is down 2.70% year-to-date, and Occidental Petroleum Corp is up 3.32% year-to-date. Combined, DVN and OXY make up approximately 5.8% of the underlying holdings of XLE.

The next worst performing sector is the Healthcare sector, showing a 0.1% loss. Among large Healthcare stocks, Biogen Inc (Symbol: BIIB) and Eli Lilly (Symbol: LLY) are the most notable, showing a loss of 3.7% and 2.7%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 0.4% in midday trading, and down 2.37% on a year-to-date basis. Biogen Inc, meanwhile, is up 2.07% year-to-date, and Eli Lilly, is down 7.04% year-to-date. Combined, BIIB and LLY make up approximately 6.2% of the underlying holdings of XLV.

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 Wednesday. As you can see, six sectors are up on the day, while two sectors are down.

Sector % Change
Services +0.7%
Industrial +0.6%
Technology & Communications +0.5%
Materials +0.5%
Utilities +0.3%
Financial +0.1%
Consumer Products -0.0%
Healthcare -0.1%
Energy -2.3%

25 Dividend Giants Widely Held By ETFs »

Also see:
• Qorvo YTD Return
• ANGL Options Chain
• Funds Holding OPI

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

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.