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Monday Sector Laggards: Financial, Energy

By Preferred Stock Channel Staff, Monday, May 1, 2:48 PM ET
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The worst performing sector as of midday Monday is the Financial sector, showing a 0.9% loss. Within that group, First Republic Bank (FRC) and PNC Financial Services Group (NYSE:PNC) are two of the day's laggards, showing a loss of 43.3% and 5.7%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (NYSE:XLF), which is up 0.1% on the day, and down 2.83% year-to-date. First Republic Bank, meanwhile, is down 96.89% year-to-date, and PNC Financial Services Group, is down 21.10% year-to-date. Combined, FRC and PNC make up approximately 1.1% of the underlying holdings of XLF.

The next worst performing sector is the Energy sector, showing a 0.7% loss. Among large Energy stocks, Exxon Mobil Corp (NYSE:XOM) and EQT Corp (NYSE:EQT) are the most notable, showing a loss of 2.9% and 1.9%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.2% in midday trading, and up 0.57% on a year-to-date basis. Exxon Mobil Corp, meanwhile, is up 8.69% year-to-date, and EQT Corp is up 7.83% year-to-date. Combined, XOM and EQT make up approximately 24.8% 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:

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

Sector% Change
Utilities+1.0%
Industrial+0.6%
Consumer Products+0.5%
Healthcare+0.4%
Technology & Communications+0.2%
Services+0.1%
Materials-0.2%
Energy-0.7%
Financial-0.9%


This Article's Word Cloud:   Among   Bank   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Exxon   Financial   First   Giants   Group   Healthcare   Held   Here   Industrial   Materials   Mobil   Monday   NYSE   Products   Republic   SPDR   Sector   Select   Services   approximately   basis   date   down   holdings   loss   make   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year

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