Today is almost a “perfect mix” of winners and losers when looking at the sectors as a whole. We have the S&P 500 trading up only around 25 bps and six of the eleven major sectors in positive territory as we head into the final hour of trade. When the market is as mixed as this, the only way to really win is by stock picking since indexing obviously isn’t doing much for investors today.
With that said, we’d like to dive into the energy sector, which was the worst performer yesterday and is now today’s best performing sector trading at +1.1% intraday.
Energy Sector Highlights:
Skye Petroleum Inc. (OTC-PNK:SKPO) found some late success as shares of the Sugar Land-based company popped up to a session high of $.0079/share (+31.67%). This move was preceded by a pretty nasty selloff last week.
Superior Energy Services Inc. (OTC:SPNX) is getting battered down for the second day in a row, as shares are currently trading at just $0.07/share (-14.11%). If you recall, this was in the energy sector article yesterday as the company announced that they were filing for bankruptcy.