Market News Video

Thursday Sector Leaders: Utilities, Energy

By Market News Video Staff, Thursday, July 8, 3:40 PM ET

Looking at the sectors faring best as of midday Thursday, shares of Utilities companies are outperforming other sectors, losing just 0.3%. Within the sector, WEC Energy Group Inc (NYSE:WEC) and CenterPoint Energy, Inc (NYSE:CNP) are two large stocks leading the way, showing a gain of 0.5% and 0.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 0.3% on the day, and up 4.39% year-to-date. WEC Energy Group Inc, meanwhile, is up 1.70% year-to-date, and CenterPoint Energy, Inc is up 17.65% year-to-date. Combined, WEC and CNP make up approximately 4.8% of the underlying holdings of XLU.

The next best performing sector is the Energy sector, losing just 0.4%. Among large Energy stocks, Cabot Oil & Gas Corp. (COG) and Devon Energy Corp. (NYSE:DVN) are the most notable, showing a gain of 2.4% and 1.0%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.6% in midday trading, and up 39.26% on a year-to-date basis. Cabot Oil & Gas Corp., meanwhile, is up 8.35% year-to-date, and Devon Energy Corp. is up 79.89% year-to-date. Combined, COG and DVN make up approximately 2.5% 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:

Energy 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, none of the sectors are up on the day, while nine sectors are down.

Sector% Change
Utilities-0.3%
Energy-0.4%
Healthcare-0.7%
Consumer Products-0.8%
Technology & Communications-0.9%
Services-1.1%
Materials-1.2%
Industrial-1.4%
Financial-1.6%


This Article's Word Cloud:   Among   Buying   Cabot   CenterPoint   Change   Combined   Communications   Comparing   Consumer   Corp   Devon   ETFs   Energy   Financial   Group   Healthcare   Here   Industrial   Insiders   Looking   Materials   NYSE   SPDR   Sector   Select   Thursday   Utilities   approximately   basis   best   date   down   faring   gain   holdings   just   large   losing   make   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   year
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