The Online Investor

Friday Sector Leaders: Utilities, Services

By The Online Investor Staff, Friday, July 1, 2:36 PM ET

Looking at the sectors faring best as of midday Friday, shares of Utilities companies are outperforming other sectors, up 1.6%. Within the sector, NextEra Energy Inc (NYSE:NEE) and American Water Works Co, Inc. (NYSE:AWK) are two large stocks leading the way, showing a gain of 3.0% and 2.8%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is up 1.7% on the day, and up 1.03% year-to-date. NextEra Energy Inc, meanwhile, is down 13.60% year-to-date, and American Water Works Co, Inc., is down 18.35% year-to-date. Combined, NEE and AWK make up approximately 18.2% of the underlying holdings of XLU.

The next best performing sector is the Services sector, higher by 1.0%. Among large Services stocks, PulteGroup Inc (NYSE:PHM) and Lennar Corp (NYSE:LEN) are the most notable, showing a gain of 6.2% and 4.5%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.9% in midday trading, and down 31.59% on a year-to-date basis. PulteGroup Inc, meanwhile, is down 25.87% year-to-date, and Lennar Corp, is down 35.90% year-to-date. Combined, PHM and LEN make up approximately 0.7% of the underlying holdings of IYC.

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

Sector% Change
Utilities+1.6%
Services+1.0%
Healthcare+0.8%
Financial+0.7%
Consumer Products+0.4%
Industrial+0.2%
Materials+0.2%
Energy0.0%
Technology & Communications-1.0%

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This Article's Word Cloud:   American   Among   Buying   Change   Combined   Communications   Comparing   Consumer   Corp   ETFs   Energy   Financial   Friday   Healthcare   Here   Industrial   Insiders   Lennar   Looking   Materials   NYSE   NextEra   Products   PulteGroup   Sector   Services   Utilities   Water   Works   approximately   basis   best   date   down   faring   gain   holdings   large   make   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   year

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