Thursday Sector Laggards: Energy, Financial


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Looking at the sectors faring worst as of midday Thursday, shares of Energy companies are underperforming other sectors, showing a 0.8% loss. Within that group, Range Resources Corp (Symbol: RRC) and Baker Hughes, A GE Company (Symbol: BHGE) are two large stocks that are lagging, showing a loss of 9.7% and 3.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.4% on the day, and up 7.10% year-to-date. Range Resources Corp, meanwhile, is down 9.96% year-to-date, and Baker Hughes, A GE Company is up 3.31% year-to-date. Combined, RRC and BHGE make up approximately 1.3% of the underlying holdings of XLE.

The next worst performing sector is the Financial sector, showing a 0.3% loss. Among large Financial stocks, Ameriprise Financial Inc (Symbol: AMP) and Macerich Co (Symbol: MAC) are the most notable, showing a loss of 3.5% and 3.1%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is up 0.1% in midday trading, and up 7.59% on a year-to-date basis. Ameriprise Financial Inc, meanwhile, is up 2.66% year-to-date, and Macerich Co , is down 0.67% year-to-date. AMP makes up approximately 0.7% of the underlying holdings of XLF.

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:

Canada Stock Channel 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, four sectors are up on the day, while three sectors are down.

Sector % Change
Healthcare +1.1%
Utilities +0.9%
Technology & Communications +0.1%
Industrial +0.1%
Consumer Products 0.0%
Materials -0.0%
Services -0.1%
Financial -0.3%
Energy -0.8%

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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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