Market News Video

Thursday Sector Laggards: Energy, Financial

By Market News Video Staff, Thursday, April 8, 3:26 PM ET

In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 1.8% loss. Within that group, APA Corp (NASDAQ:APA) and Cabot Oil & Gas Corp. (COG) are two large stocks that are lagging, showing a loss of 3.8% and 3.7%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 1.6% on the day, and up 29.02% year-to-date. APA Corp, meanwhile, is up 22.37% year-to-date, and Cabot Oil & Gas Corp. is up 9.89% year-to-date. Combined, APA and COG make up approximately 1.6% of the underlying holdings of XLE.

The next worst performing sector is the Financial sector, showing a 0.4% loss. Among large Financial stocks, Unum Group (NYSE:UNM) and American International Group Inc (NYSE:AIG) are the most notable, showing a loss of 2.6% and 2.5%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is down 0.2% in midday trading, and up 18.42% on a year-to-date basis. Unum Group, meanwhile, is up 20.03% year-to-date, and American International Group Inc is up 22.13% year-to-date. Combined, UNM and AIG make up approximately 1.1% of the underlying holdings of XLF.

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 Thursday. As you can see, five sectors are up on the day, while four sectors are down.

Sector% Change
Technology & Communications+0.8%
Healthcare+0.4%
Industrial+0.3%
Materials+0.2%
Services+0.1%
Utilities-0.1%
Consumer Products-0.2%
Financial-0.4%
Energy-1.8%


This Article's Word Cloud:   American   Among   Cabot   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Financial   Giants   Group   Healthcare   Held   Here   Industrial   International   Materials   NYSE   Products   SPDR   Sector   Select   Thursday   Unum   afternoon   approximately   basis   date   down   holdings   large   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy

Thursday Sector Laggards: Energy, Financial | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?


Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.

You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.