Monday Sector Laggards: Energy, Utilities


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Looking at the sectors faring worst as of midday Monday, shares of Energy companies are underperforming other sectors, showing a 1.1% loss. Within that group, Baker Hughes, A GE Company (Symbol: BHGE) and TechnipFMC plc (Symbol: FTI) are two large stocks that are lagging, showing a loss of 3.5% and 2.8%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.8% on the day, and up 6.37% year-to-date. Baker Hughes, A GE Company, meanwhile, is down 0.13% year-to-date, and TechnipFMC plc is up 5.88% year-to-date. Combined, BHGE and FTI make up approximately 2.1% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 1.0% loss. Among large Utilities stocks, CenterPoint Energy, Inc (Symbol: CNP) and Eversource Energy (Symbol: ES) are the most notable, showing a loss of 2.3% and 2.3%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 1.1% in midday trading, and down 4.14% on a year-to-date basis. CenterPoint Energy, Inc, meanwhile, is down 1.92% year-to-date, and Eversource Energy, is down 0.95% year-to-date. Combined, CNP and ES make up approximately 5.2% 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:

Market News Video 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, none of the sectors are up on the day, while seven sectors are down.

Sector % Change
Consumer Products 0.0%
Healthcare -0.0%
Services -0.2%
Technology & Communications -0.4%
Industrial -0.4%
Financial -0.5%
Materials -0.6%
Utilities -1.0%
Energy -1.1%

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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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