Market News Video

Friday Sector Laggards: Energy, Utilities

By Market News Video Staff, Friday, July 2, 4:27 PM ET

Looking at the sectors faring worst as of midday Friday, shares of Energy companies are underperforming other sectors, showing a 0.4% loss. Within that group, Marathon Oil Corp. (NYSE:MRO) and Devon Energy Corp. (NYSE:DVN) are two of the day's laggards, showing a loss of 2.0% and 1.8%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 0.3% on the day, and up 46.93% year-to-date. Marathon Oil Corp., meanwhile, is up 109.30% year-to-date, and Devon Energy Corp. is up 90.13% year-to-date. Combined, MRO and DVN make up approximately 3.0% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 0.1% loss. Among large Utilities stocks, AES Corp (NYSE:AES) and FirstEnergy Corp (NYSE:FE) are the most notable, showing a loss of 0.7% and 0.7%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is flat on the day in midday trading, and up 3.43% on a year-to-date basis. AES Corp, meanwhile, is up 12.52% year-to-date, and FirstEnergy Corp is up 24.71% year-to-date. Combined, AES and FE make up approximately 4.2% of the underlying holdings of XLU.

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:

Preferred Stock Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, six sectors are up on the day, while three sectors are down.

Sector% Change
Technology & Communications+0.7%
Healthcare+0.4%
Industrial+0.4%
Consumer Products+0.1%
Services+0.1%
Financial+0.1%
Utilities-0.1%
Materials-0.1%
Energy-0.4%


This Article's Word Cloud:   Among   Buying   Change   Combined   Communications   Comparing   Consumer   Corp   Devon   ETFs   Energy   Financial   FirstEnergy   Friday   Healthcare   Here   Industrial   Insiders   Looking   Marathon   Materials   NYSE   Products   SPDR   Sector   Select   Services   Start   Stocks   Utilities   approximately   basis   date   down   faring   holdings   loss   make   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year
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