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Tuesday Sector Laggards: Healthcare, Energy

By Market News Video Staff, Tuesday, January 24, 3:03 PM ET

The worst performing sector as of midday Tuesday is the Healthcare sector, showing a 1.2% loss. Within that group, Catalent Inc (NYSE:CTLT) and 3M Co (NYSE:MMM) are two large stocks that are lagging, showing a loss of 5.1% and 5.1%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (NYSE:XLV), which is down 0.8% on the day, and down 1.57% year-to-date. Catalent Inc, meanwhile, is up 9.77% year-to-date, and 3M Co, is down 4.94% year-to-date. CTLT makes up approximately 0.2% of the underlying holdings of XLV.

The next worst performing sector is the Energy sector, showing a 1.1% loss. Among large Energy stocks, EQT Corp (NYSE:EQT) and Occidental Petroleum Corp (NYSE:OXY) are the most notable, showing a loss of 3.5% and 3.0%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.7% in midday trading, and up 6.64% on a year-to-date basis. EQT Corp, meanwhile, is up 6.88% year-to-date, and Occidental Petroleum Corp is up 5.67% year-to-date. Combined, EQT and OXY make up approximately 4.2% 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:

Stock Message Boards

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, four sectors are up on the day, while four sectors are down.

Sector% Change
Consumer Products+0.5%
Industrial+0.3%
Utilities+0.2%
Financial+0.2%
Services-0.0%
Materials-0.4%
Technology & Communications-0.6%
Energy-1.1%
Healthcare-1.2%


This Article's Word Cloud:   Among   Buying   CTLT   Care   Catalent   Change   Combined   Communications   Comparing   Consumer   Corp   ETFs   Energy   Financial   Health   Healthcare   Here   Industrial   Insiders   Materials   NYSE   Occidental   Petroleum   Products   SPDR   Sector   Select   Tuesday   approximately   basis   date   down   four   holdings   large   loss   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year
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