Friday Industry Leaders: Utilities, Services

LLooking at the sectors that are doing the best Friday midday, utility company stocks outperformed other sectors, up 1.6%. Within the sector, NextEra Energy Inc (ticker: NEE) and American Water Works Co, Inc. (ticker: AWK) are two large leading stocks, posting a gain of 3.0% and 2.8%, respectively. Among utilities ETFs, a sector-tracking ETF is SPDR Utilities Select Sector ETF (ticker: XLU), which is up 1.7% on the day and 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. Together, NEE and AWK represent approximately 18.2% of XLU’s underlying holdings.

The second best performing sector is the service sector, up 1.0%. Among the big services stocks, PulteGroup Inc (ticker: PHM) and Lennar Corp (ticker: LEN) are the most notable, posting a gain of 6.2% and 4.5%, respectively. One ETF closely tracking services stocks is the iShares US Consumer Services ETF (IYC), which is up 0.9% as of midday and down 31.59% year-to-date. PulteGroup Inc, meanwhile, is down 25.87% year-to-date, and Lennar Corp, is down 35.90% year-to-date. Together, PHM and LEN represent approximately 0.7% of IYC’s underlying holdings.

Comparing these stocks and ETFs on a twelve-month basis, below is a graph of relative stock price performance, with each of the symbols displayed in a different color, as shown in the legend at the bottom:

Here’s a look at how the S&P 500 constituents moved across sectors in Friday afternoon trading. As you can see, seven sectors are up on this day, while one sector is down.

Sector % To change
Utilities +1.6%
Services +1.0%
Health care +0.8%
Financial +0.7%
consumer products +0.4%
Industrial +0.2%
Materials +0.2%
Energy 0.0%
Technology and communication -1.0%

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