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Tuesday Sector Leaders: Utilities, Energy

By Energy Stock Channel Staff, Tuesday, May 24, 5:08 PM ET

The best performing sector as of midday Tuesday is the Utilities sector, higher by 0.9%. Within that group, Alliant Energy Corp (NASDAQ:LNT) and NextEra Energy Inc (NYSE:NEE) are two of the day's stand-outs, showing a gain of 2.5% and 2.4%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is up 1.1% on the day, and up 3.16% year-to-date. Alliant Energy Corp, meanwhile, is down 0.23% year-to-date, and NextEra Energy Inc, is down 20.00% year-to-date. Combined, LNT and NEE make up approximately 15.1% of the underlying holdings of XLU.

The next best performing sector is the Energy sector, losing just 0.7%. Among large Energy stocks, Phillips 66 (NYSE:PSX) and Hess Corp (NYSE:HES) are the most notable, with PSX showing a gain of 0.2% and HES down 0.1%. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.5% in midday trading, and up 51.75% on a year-to-date basis. Phillips 66, meanwhile, is up 34.13% year-to-date, and Hess Corp is up 58.42% year-to-date. Combined, PSX and HES make up approximately 5.3% 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:

Canada Stock Channel

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, one sector is up on the day, while eight sectors are down.

Sector% Change
Utilities+0.9%
Energy-0.7%
Consumer Products-0.9%
Healthcare-1.1%
Financial-1.2%
Materials-1.5%
Technology & Communications-1.7%
Industrial-1.8%
Services-3.0%


This Article's Word Cloud:   Alliant   Among   Buying   Change   Combined   Communications   Comparing   Consumer   Corp   ETFs   Energy   Financial   Healthcare   Here   Hess   Industrial   Insiders   Materials   NYSE   NextEra   Phillips   Products   SPDR   Sector   Select   Services   Start   Stocks   Tuesday   Utilities   approximately   basis   best   date   down   gain   holdings   make   meanwhile   midday   performing   sector   sectors   showing   stocks   trading   underlying   which   with   year

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