In afternoon trading on Friday, Energy stocks are the best performing sector, up 1.1%. Within the sector, Noble Energy (NYSE: NBL) and Cabot Oil & Gas (NYSE: COG) are two large stocks leading the way, showing a gain of 3.3% and 3.3%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (AMEX: XLE), which is up 0.8% on the day, and down 1.22% year-to-date. Noble Energy, meanwhile, is down 17.10% year-to-date, and Cabot Oil & Gas, is down 12.65% year-to-date. Combined, NBL and COG make up approximately 3.3% of the underlying holdings of XLE.
Source: Markets
Author
Harry Joiner
“… a dominant recruiter in the client-side multichannel ecommerce space …” — SearchEngineWatch.com