FANG

Friday Sector Laggards: Energy, Utilities

The worst performing sector as of midday Friday is the Energy sector, showing a 1.6% loss. Within that group, Diamondback Energy, Inc. (Symbol: FANG) and Halliburton Company (Symbol: HAL) are two large stocks that are lagging, showing a loss of 3.6% and 3.2%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.4% on the day, and up 11.54% year-to-date. Diamondback Energy, Inc., meanwhile, is up 12.74% year-to-date, and Halliburton Company, is down 17.76% year-to-date. Combined, FANG and HAL make up approximately 4.4% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 1.1% loss. Among large Utilities stocks, Eversource Energy (Symbol: ES) and NRG Energy Inc (Symbol: NRG) are the most notable, showing a loss of 2.7% and 2.0%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 1.2% in midday trading, and up 28.39% on a year-to-date basis. Eversource Energy, meanwhile, is up 0.62% year-to-date, and NRG Energy Inc is up 95.17% year-to-date. Combined, ES and NRG make up approximately 2.5% 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:

Canada Stock Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, two sectors are up on the day, while seven sectors are down.

Sector% Change
Services+0.9%
Technology & Communications+0.9%
Healthcare-0.1%
Industrial-0.1%
Consumer Products-0.2%
Materials-0.3%
Financial-0.5%
Utilities-1.1%
Energy-1.6%

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Also see:

• CGC YTD Return
• SQZ shares outstanding history
• Leveraged Currencies ETFs

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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