Friday Sector Laggards: Financial, Energy

In afternoon trading on Friday, Financial stocks are the worst performing sector, showing a 0.2% loss. Within that group, Franklin Resources, Inc. (Symbol: BEN) and Invesco Ltd (Symbol: IVZ) are two of the day’s laggards, showing a loss of 3.4% and 3.2%, respectively. Among financial ETFs , one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.7% on the day, and up 5.81% year-to-date. Franklin Resources, Inc., meanwhile, is up 7.23% year-to-date, and Invesco Ltd is up 5.21% year-to-date. Combined, BEN and IVZ make up approximately 0.9% of the underlying holdings of XLF.

The next worst performing sector is the Energy sector, showing a 0.2% loss. Among large Energy stocks, Chesapeake Energy Corp. (Symbol: CHK) and TechnipFMC plc (Symbol: FTI) are the most notable, showing a loss of 3.4% and 1.7%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is down 0.5% in midday trading, and down 7.19% on a year-to-date basis. Chesapeake Energy Corp., meanwhile, is down 24.98% year-to-date, and TechnipFMC plc, is down 11.96% year-to-date. Combined, CHK and FTI make up approximately 2.3% 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:

Stock Options Channel

Here’s a snapshot of how the SP 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 two sectors are down.

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