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Monday Sector Laggards: Utilities, Healthcare

By Energy Stock Channel Staff, Monday, October 11, 2:43 PM ET

The worst performing sector as of midday Monday is the Utilities sector, showing a 0.9% loss. Within the sector, NextEra Energy Inc (NYSE:NEE) and Alliant Energy Corp (NASDAQ:LNT) are two large stocks that are lagging, showing a loss of 2.6% and 2.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 1.2% on the day, and up 4.33% year-to-date. NextEra Energy Inc, meanwhile, is up 2.77% year-to-date, and Alliant Energy Corp is up 8.56% year-to-date. Combined, NEE and LNT make up approximately 18.1% of the underlying holdings of XLU.

The next worst performing sector is the Healthcare sector, showing a 0.3% loss. Among large Healthcare stocks, Teleflex Incorporated (NYSE:TFX) and Boston Scientific Corp. (NYSE:BSX) are the most notable, showing a loss of 1.8% and 1.7%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 0.4% in midday trading, and up 12.64% on a year-to-date basis. Teleflex Incorporated, meanwhile, is down 13.13% year-to-date, and Boston Scientific Corp. is up 18.01% year-to-date. Combined, TFX and BSX make up approximately 1.6% of the underlying holdings of XLV.

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 Monday. As you can see, two sectors are up on the day, while four sectors are down.

Sector% Change
Materials+0.7%
Energy+0.2%
Consumer Products0.0%
Financial-0.0%
Technology & Communications-0.0%
Services-0.1%
Industrial-0.2%
Healthcare-0.3%
Utilities-0.9%


This Article's Word Cloud:   Alliant   Among   Boston   Care   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Financial   Giants   Health   Healthcare   Held   Here   Incorporated   Monday   NYSE   NextEra   SPDR   Scientific   Sector   Select   Teleflex   Utilities   approximately   basis   date   down   holdings   large   loss   make   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year

Monday Sector Laggards: Utilities, Healthcare | www.EnergyStockChannel.com

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