Tuesday Sector Leaders: Utilities, Energy

Looking at the sectors faring best as of midday Tuesday, shares of Utilities companies are outperforming other sectors, not showing much of a loss. Within that group, Southern Company (Symbol: SO) and Alliant Energy Corp (Symbol: LNT) are two large stocks leading the way, showing a gain of 1.2% and 0.6%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.1% on the day, and up 14.57% year-to-date. Southern Company , meanwhile, is up 2.84% year-to-date, and Alliant Energy Corp is up 15.53% year-to-date. Combined, SO and LNT make up approximately 8.4% of the underlying holdings of XLU.

The next best performing sector is the Energy sector, losing just 0.2%. Among large Energy stocks, Halliburton Company (Symbol: HAL) and Schlumberger Ltd (Symbol: SLB) are the most notable, showing a gain of 2.5% and 2.2%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 0.3% in midday trading, and down 14.20% on a year-to-date basis. Halliburton Company, meanwhile, is down 25.29% year-to-date, and Schlumberger Ltd, is down 21.10% year-to-date. Combined, HAL and SLB make up approximately 10.5% of the underlying holdings of XLE.

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:

Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, none of the sectors are up on the day, while eight sectors are down.

Sector % Change
Utilities -0.0%
Energy -0.2%
Consumer Products -0.5%
Healthcare -0.6%
Services -0.8%
Industrial -0.8%
Technology & Communications -1.1%
Materials -1.1%
Financial -1.5%

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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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