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Monday Sector Leaders: Energy, Utilities


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In afternoon trading on Monday, Energy stocks are the best performing sector, up 2.1%. Within the sector, Halliburton Company (Symbol: HAL) and Schlumberger Ltd (Symbol: SLB) are two large stocks leading the way, showing a gain of 6.0% and 4.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 1.9% on the day, and up 7.68% year-to-date. Halliburton Company, meanwhile, is up 14.95% year-to-date, and Schlumberger Ltd is up 18.16% year-to-date. Combined, HAL and SLB make up approximately 10.8% of the underlying holdings of XLE.

The next best performing sector is the Utilities sector, higher by 0.7%. Among large Utilities stocks, FirstEnergy Corp (Symbol: FE) and American Electric Power Company, Inc. (Symbol: AEP) are the most notable, showing a gain of 12.3% and 1.1%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is up 0.6% in midday trading, and down 4.50% on a year-to-date basis. FirstEnergy Corp, meanwhile, is up 7.79% year-to-date, and American Electric Power Company, Inc., is down 6.89% year-to-date. Combined, FE and AEP make up approximately 7.4% 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 Monday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Energy +2.1%
Utilities +0.7%
Services +0.5%
Technology & Communications +0.5%
Healthcare +0.4%
Financial +0.4%
Consumer Products +0.2%
Industrial -0.1%
Materials -0.4%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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