Notable ETF Movers of the Day 11/26: (XLU) Higher; (XOP) (XRT) Lower
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Gainers:
Utilities Select Sector SPDR (NYSE: XLU) gained 1.3 percent to 34.5. Utility stock were higher pretty much across the board, with Exelon Corporation (NYSE: EXC) leading the charge. Deutsche Bank upgraded Excelon from Buy to Hold on valuation following a 20 percent decline in one month. Analysts said they saw value in the stock and see more risk in being too late than being too early with their Buy call.
Decliners:
SPDR S&P Oil & Gas Exploration & Prod (NYSE: XOP) declined 1.9 percent to 52.9. The downdraft is being tied to a decline in natural gas and oil prices. Cabot Oil & Gas Corporation (NYSE: COG) and Gulfport Energy Corp. (Nasdaq: GPOR) were among today’s losers.
SPDR S&P Retail (NYSE: XRT) declined 1.3 percent to 62.4. Supervalue (NYSE: SVU) was among the losers, declining 4.4 percent. Safeway (NYSE: SWY) also declined today, suggesting ongoing weakness in grocers. Box retailers, such as Target (NYSE: TGT) experienced weakness, which could be related to concerns over holiday sales, though early reports on Black Friday sales were mostly positive.
Utilities Select Sector SPDR (NYSE: XLU) gained 1.3 percent to 34.5. Utility stock were higher pretty much across the board, with Exelon Corporation (NYSE: EXC) leading the charge. Deutsche Bank upgraded Excelon from Buy to Hold on valuation following a 20 percent decline in one month. Analysts said they saw value in the stock and see more risk in being too late than being too early with their Buy call.
Decliners:
SPDR S&P Oil & Gas Exploration & Prod (NYSE: XOP) declined 1.9 percent to 52.9. The downdraft is being tied to a decline in natural gas and oil prices. Cabot Oil & Gas Corporation (NYSE: COG) and Gulfport Energy Corp. (Nasdaq: GPOR) were among today’s losers.
SPDR S&P Retail (NYSE: XRT) declined 1.3 percent to 62.4. Supervalue (NYSE: SVU) was among the losers, declining 4.4 percent. Safeway (NYSE: SWY) also declined today, suggesting ongoing weakness in grocers. Box retailers, such as Target (NYSE: TGT) experienced weakness, which could be related to concerns over holiday sales, though early reports on Black Friday sales were mostly positive.
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