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Tuesday Sector Laggards: Energy, Utilities

By Preferred Stock Channel Staff, Tuesday, April 16, 2:49 PM ET
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Looking at the sectors faring worst as of midday Tuesday, shares of Energy companies are underperforming other sectors, showing a 1.3% loss. Within that group, APA Corp (NASDAQ:APA) and Occidental Petroleum Corp (NYSE:OXY) are two of the day's laggards, showing a loss of 2.7% and 2.5%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 1.1% on the day, and up 13.15% year-to-date. APA Corp, meanwhile, is down 9.38% year-to-date, and Occidental Petroleum Corp is up 11.97% year-to-date. Combined, APA and OXY make up approximately 3.4% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 1.0% loss. Among large Utilities stocks, Dominion Energy Inc (NYSE:D) and NextEra Energy Inc (NYSE:NEE) are the most notable, showing a loss of 1.9% and 1.9%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 1.0% in midday trading, and up 0.22% on a year-to-date basis. Dominion Energy Inc, meanwhile, is up 1.44% year-to-date, and NextEra Energy Inc is up 2.21% year-to-date. Combined, D and NEE make up approximately 17.3% 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:

Yield Charts

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, one sector is up on the day, while eight sectors are down.

Sector% Change
Technology & Communications+0.1%
Consumer Products-0.1%
Industrial-0.2%
Healthcare-0.3%
Services-0.6%
Financial-0.7%
Materials-0.9%
Utilities-1.0%
Energy-1.3%


This Article's Word Cloud:   Among   Buying   Change   Combined   Communications   Comparing   Consumer   Corp   Dominion   ETFs   Energy   Financial   Healthcare   Here   Industrial   Insiders   Looking   Materials   NYSE   NextEra   Occidental   Petroleum   Products   SPDR   Sector   Select   Services   Start   Tuesday   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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