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Energy Halves Its Gains For The Year, Down 8% in May

In the past 8 trading sessions, energy has halved its gains in 2011, up only 8.8%, compared to an 18% increase at the end of April.

  • Energy ended April up 18% in 2011 outperforming all the other 9 major large cap sectors by far (Health Care was the next best performing sector, up about 11.74%)
  • The Energy sector ended last week as the second best performing group in 2011, up 9.81% after leading in the top spot with double digit growth for the majority of 2011 (Health Care moved into the top spot last week)
  • With today's sell off in the commodity complex, the energy sector has moved into third place behind Health Care, up 13.42% and industrials, up 9.32% year-to-date
  • WTI crude oil is down almost -13% in May and up about 5.75% year-to-date

Energy is by far the worst performing sector in May, down almost -8%, followed by Materials with a loss of -4 .3%.

Within the energy sector, the sell off in May has been accelerated most by the following 3 sub-sectors, listed in descending order by loss:

1) Oil & Gas Drillers: The worst subsector month-to-date losing almost -9.75%, and they have gained almost 11% year-to-date.

Many of the top losers so far this month were former high fliers earlier in the year such as Nabors and Helmerich & Payne.


2) Oil & Gas Equipment & Services stocks have fallen -8.8% month-to-date.

1) Oil & Gas Drillers: The worst subsector month-to-date losing almost -9.75%, and they have gained almost 11% year-to-date.

Many of the top losers so far this month were former high fliers earlier in the year such as Nabors and Helmerich & Payne.


3) Integrated Oil & Gas companies have fallen -7.78% month-to-date.



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