ConocoPhillips Stock Getting Very Oversold Wednesday, October 24, 3:54 PM ET, by Market News Video Staff In trading on Wednesday, shares of ConocoPhillips (COP) entered into oversold territory, changing hands as ...
The worst performing sector as of midday Thursday is the Energy sector, showing a 1.6% loss. Within that group, Concho Resources Inc (NYSE:CXO) and ConocoPhillips (NYSE:COP) are two large stocks that are lagging, showing a loss of 4.3% and 3.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 1.5% on the day, and down 2.32% year-to-date. Concho Resources Inc, meanwhile, is down 8.92% year-to-date, and ConocoPhillips is up 24.67% year-to-date. Combined, CXO and COP make up approximately 7.6% of the underlying holdings of XLE.
The next worst performing sector is the Utilities sector, showing a 0.4% loss. Among large Utilities stocks, NRG Energy Inc (NYSE:NRG) and American Water Works Co, Inc. (NYSE:AWK) are the most notable, showing a loss of 4.0% and 1.6%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.3% in midday trading, and up 6.31% on a year-to-date basis. NRG Energy Inc, meanwhile, is up 29.80% year-to-date, and American Water Works Co, Inc., is down 1.61% year-to-date. Combined, NRG and AWK make up approximately 3.2% 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:
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, three sectors are up on the day, while five sectors are down.
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