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Wednesday Sector Laggards: Energy, Utilities

By Market News Video Staff, Wednesday, January 20, 3:18 PM ET
Play Video: The Importance of ETFs

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In afternoon trading on Wednesday, Energy stocks are the worst performing sector, showing a 0.7% loss. Within that group, Concho Resources Inc (NYSE:CXO) and TechnipFMC plc (NYSE:FTI) are two large stocks that are lagging, showing a loss of 6.0% and 3.6%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 0.2% on the day, and up 15.28% year-to-date. Concho Resources Inc, meanwhile, is up 12.43% year-to-date, and TechnipFMC plc is up 20.16% year-to-date. Combined, CXO and FTI make up approximately 2.2% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, not showing much of a gain. Among large Utilities stocks, NRG Energy Inc (NYSE:NRG) and CenterPoint Energy, Inc (NYSE:CNP) are the most notable, showing a loss of 1.5% and 1.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.4% in midday trading, and up 0.50% on a year-to-date basis. NRG Energy Inc, meanwhile, is up 8.18% year-to-date, and CenterPoint Energy, Inc, is down 1.20% year-to-date. Combined, NRG and CNP make up approximately 2.5% 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:

Metals Channel

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

Sector% Change
Technology & Communications+0.7%
Consumer Products+0.6%

This Article's Word Cloud:   Among   Buying   CenterPoint   Change   Combined   Communications   Comparing   Concho   Consumer   ETFs   Energy   Financial   Healthcare   Here   Industrial   Insiders   Materials   NYSE   Products   Resources   SPDR   Sector   Select   Services   Start   TechnipFMC   Utilities   Wednesday   afternoon   approximately   basis   date   down   holdings   large   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year
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