Sector Performance: Coal: Capped And Spayed
Once again we find Coal at the bottom of the stack in this week’s sector performance update. With Cap & Trade passing the house, and the Senate sure to pass something too, Coal should make itself comfortable down there. After all, President Obama himself said his Cap & Trade would necessarily bankrupt coal companies and drive utility bills up. Much like Europe has tried to do, unsuccessfully, this administration is hell bent on driving the cost of fossil fuels up so that windmills, solar panels and whatever riles the imagination will be as almost cost effective as our current energy infrastructure. We just hope they put those Obama stimulus stickers on everybody’s energy bill so they know who is to blame when the cost of cap & trade hits your mailbox.
Here are the past week’s top and worst performing sectors:
Performance versus the S&P 500
| Rank |
Industry |
% Return +/- the S&P |
% up/down |
| 1 |
NONFOOD RETAIL-WHOLESALE |
5.15% |
4.88 % |
| 2 |
CONS PROD-MISC STAPLES |
4.84% |
4.58% |
| 3 |
DRUGS |
4.80% |
4.54% |
| 4 |
POLLUTION CONTROL |
3.96% |
3.70% |
| 5 |
TELECOMMUNICATIONS SERVICES |
3.41% |
3.15% |
| 6 |
COMPUTER SOFTWARE-SERVICES |
2.94% |
2.68% |
Here are the week’s poorest performing industries:
Performance versus the S&P 500
| Rank |
Industry |
% Return +/- the S&P |
% up/down |
| 59 of 59 |
COAL |
-9.94% |
-11.88% |
| 58 |
AEROSPACE-DEFENSE |
-2.17% |
-2.41% |
| 57 |
OIL-EXPLORATION&PRODUCTION |
-1.83% |
-2.08% |
| 56 |
OIL MACHINERY-SERVICES-DRILLING |
-1.62% |
-1.87% |
| 55 |
MEDIA |
-1.44% |
-1.69% |
| 54 |
OIL-INTEGRATED |
-0.88% |
-1.13% |
This week our technical analysis of industry stock charts only managed to find 1 new buy signals, Personal Products Stocks, and 1 new sell signal, Footwear Stocks.
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.