Thursday Sector Leaders: Energy, Utilities


Looking at the sectors faring best as of midday Thursday, shares of Energy companies are outperforming other sectors, up 1.2%. Within that group, Baker Hughes Company (Symbol: BKR) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 4.2% and 2.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 1.1% on the day, and up 17.09% year-to-date. Baker Hughes Company, meanwhile, is up 13.90% year-to-date, and Devon Energy Corp. is up 14.29% year-to-date. Combined, BKR and DVN make up approximately 5.0% of the underlying holdings of XLE.

The next best performing sector is the Utilities sector, higher by 1.0%. Among large Utilities stocks, AES Corp (Symbol: AES) and Exelon Corp (Symbol: EXC) are the most notable, showing a gain of 3.2% and 2.3%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 1.2% in midday trading, and down 2.64% on a year-to-date basis. AES Corp, meanwhile, is down 2.06% year-to-date, and Exelon Corp is up 0.03% year-to-date. Combined, AES and EXC 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:

Chart Zero

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, eight sectors are up on the day, while none of the sectors are down.

Sector% Change
Energy+1.2%
Utilities+1.0%
Financial+0.8%
Technology & Communications+0.8%
Industrial+0.8%
Healthcare+0.7%
Services+0.4%
Materials+0.3%
Consumer Products-0.0%

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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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