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 Laggards: Utilities, Materials


Shutterstock photo

The worst performing sector as of midday Thursday is the Utilities sector, showing a 1.2% loss. Within that group, SCANA Corp (Symbol: SCG) and Ameren Corp (Symbol: AEE) are two large stocks that are lagging, showing a loss of 3.6% and 2.8%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.1% on the day, and down 4.21% year-to-date. SCANA Corp, meanwhile, is down 1.48% year-to-date, and Ameren Corp, is down 6.66% year-to-date. Combined, SCG and AEE make up approximately 2.9% of the underlying holdings of XLU.

The next worst performing sector is the Materials sector, showing a 0.7% loss. Among large Materials stocks, FMC Corp. (Symbol: FMC) and LyondellBasell Industries NV (Symbol: LYB) are the most notable, showing a loss of 2.2% and 2.2%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 1.1% in midday trading, and up 2.83% on a year-to-date basis. FMC Corp., meanwhile, is down 5.60% year-to-date, and LyondellBasell Industries NV is up 6.18% year-to-date. Combined, FMC and LYB make up approximately 7.3% of the underlying holdings of XLB.

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:

Stock Message Boards 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, three sectors are up on the day, while five sectors are down.

Sector % Change
Technology & Communications +0.5%
Industrial +0.1%
Energy +0.1%
Financial -0.0%
Services -0.2%
Healthcare -0.2%
Consumer Products -0.3%
Materials -0.7%
Utilities -1.2%

10 ETFs With Stocks That Insiders Are Buying »

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