news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Thursday Sector Leaders: Healthcare, Utilities


Shutterstock photo

Looking at the sectors faring best as of midday Thursday, shares of Healthcare companies are outperforming other sectors, up 1.1%. Within the sector, Varian Medical Systems Inc (Symbol: VAR) and Intuitive Surgical Inc (Symbol: ISRG) are two large stocks leading the way, showing a gain of 13.7% and 2.9%, respectively. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.9% on the day, and up 8.44% year-to-date. Varian Medical Systems Inc, meanwhile, is up 15.68% year-to-date, and Intuitive Surgical Inc is up 23.38% year-to-date. Combined, VAR and ISRG make up approximately 1.8% of the underlying holdings of XLV.

The next best performing sector is the Utilities sector, up 0.9%. Among large Utilities stocks, FirstEnergy Corp (Symbol: FE) and AES Corp. (Symbol: AES) are the most notable, showing a gain of 3.6% and 2.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is up 0.8% in midday trading, and down 3.88% on a year-to-date basis. FirstEnergy Corp, meanwhile, is up 5.19% year-to-date, and AES Corp. is up 5.91% year-to-date. Combined, FE and AES make up approximately 3.5% 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:

Energy 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%

25 Dividend Giants Widely Held By ETFs »

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


No Comments

Post A Comment