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Sector Performance: Energy has all the Energy
By: The Correct Call   Tuesday, August 26, 2008 10:33 AM
Sectors: Oils/Energy

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As we predicted last week, Oil made its return to the top the heap for the best performing industries for the week. In fact, Energy Stocks dominated the 10% of performing industries for the week of August 18-22. Gold & Silver stocks were the only non energy stocks to make it into the best performers. Higher oil and Gold prices means a weaker dollar and more inflation, let’s hope it’s only a temporary move.

Performance versus the S&P 500
Rank Industry % Return +/- the S&P % up/down
1 COAL 8.64% 8.14 %
2 ENERGY-ALTERNATE SOURCES 5.65% 5.16%
3 OIL-INTEGRATED 4.42% 3.94%
4 METALS-NON FERROUS 4.25% 3.77%
5 OIL MACHINERY-SERVICES-DRILLING 3.88% 3.40%
6 OIL-EXPLORATION&PRODUCTION 3.55% 3.07%


On the bottom we find.

Performance versus the S&P 500
Rank Industry % Return +/- the S&P % up/down
59 of 59 TRANSPORTATION-AIR -4.47% -5.18%
58 PUBLISHING -4.20% -4.64%
57 AUTOS-TIRES-TRUCKS -4.06% -4.50%
56 LEISURE SERVICE -3.13% -3.58%
55 MACHINERY-ELECTRICAL -2.75% -3.20%
54 PAPER -2.61% -3.06%

 

 
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