In afternoon trading on Monday, Utilities stocks are the worst performing sector, showing a 1.2% loss. Within that group, American Electric Power Co Inc (NYSE:AEP) and CenterPoint Energy, Inc (NYSE:CNP) are two large stocks that are lagging, showing a loss of 4.7% and 3.8%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 1.2% on the day, and down 6.33% year-to-date. American Electric Power Co Inc, meanwhile, is down 9.72% year-to-date, and CenterPoint Energy, Inc, is down 28.71% year-to-date. Combined, AEP and CNP make up approximately 6.2% of the underlying holdings of XLU.
The next worst performing sector is the Energy sector, showing a 1.2% loss. Among large Energy stocks, Cabot Oil & Gas Corp. (NYSE:COG) and Devon Energy Corp. (NYSE:DVN) are the most notable, showing a loss of 5.2% and 2.9%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.6% in midday trading, and down 36.10% on a year-to-date basis. Cabot Oil & Gas Corp., meanwhile, is up 4.85% year-to-date, and Devon Energy Corp., is down 59.22% year-to-date. Combined, COG and DVN make up approximately 1.8% 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:
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, five sectors are up on the day, while four sectors are down.
Technology & Communications
This Article's Word Cloud:AmericanAmongBuyingCabotCenterPointChangeCombinedCommunicationsComparingConsumerCorpDevonETFsElectricEnergyFinancialHealthcareHereIndustrialInsidersMaterialsMondayNYSEPowerSPDRSectorSelectUtilitiesafternoonapproximatelybasisdatedownholdingslargelossmakemeanwhileperformingrespectivelysectorsectorsshowingstocksthattradingunderlyingwhichworstyear
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.