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Wednesday Sector Laggards: Energy, Utilities

By Market News Video Staff, Wednesday, October 4, 2:31 PM ET
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Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 3.8% loss. Within the sector, Devon Energy Corp. (NYSE:DVN) and Marathon Oil Corp. (NYSE:MRO) are two large stocks that are lagging, showing a loss of 6.2% and 6.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 3.9% on the day, and up 3.36% year-to-date. Devon Energy Corp., meanwhile, is down 22.56% year-to-date, and Marathon Oil Corp., is down 4.82% year-to-date. Combined, DVN and MRO make up approximately 3.1% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 0.2% loss. Among large Utilities stocks, NextEra Energy Inc (NYSE:NEE) and AES Corp (NYSE:AES) are the most notable, showing a loss of 3.7% and 3.1%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.4% in midday trading, and down 17.50% on a year-to-date basis. NextEra Energy Inc, meanwhile, is down 37.67% year-to-date, and AES Corp, is down 51.57% year-to-date. Combined, NEE and AES make up approximately 13.8% 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, six sectors are up on the day, while three sectors are down.

Sector% Change
Materials+0.5%
Technology & Communications+0.4%
Financial+0.2%
Consumer Products+0.1%
Services+0.1%
Industrial+0.1%
Utilities-0.2%
Healthcare-0.2%
Energy-3.8%


This Article's Word Cloud:   Among   Buying   Change   Combined   Communications   Comparing   Consumer   Corp   Devon   ETFs   Energy   Financial   Healthcare   Here   Industrial   Insiders   Looking   Marathon   Materials   NYSE   NextEra   Products   SPDR   Sector   Select   Services   Start   Utilities   Wednesday   approximately   basis   date   down   faring   holdings   large   loss   make   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year
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