Wednesday's S&P Sector Recap 6/22/11

The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day.

The Sector Breakdown for Wednesday's session is as follows:

The Consumer Services Sector was the weakest area of the market in Wednesday's session, losing 0.84% on the day. The worst performing stocks in the S&P 500 Consumer Services Sector in today's action were:

1) Gannet (NYSE: GCI): Shares of Gannet closed down 3.9% from yesterday's close to $13.61.

2) Gamestop (NYSE: GME): Shares of Gamestop closed down 3.5% from yesterday's close to $26.54.

3) Sears Holdings (NASDAQ: SHLD): Shares of Sears Holdings closed down 3.4% from yesterday's close to $71.01.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall sector weakness:

1) Carmax (NYSE: KMX): Shares of Carmax closed up 7% from yesterday's close to 32.66.

2) Starbucks (NASDAQ: SBUX): Shares of Starbucks closed up 1.5% from yesterday's close to $37.28.

The Technology Sector was one of the weakest areas of the market in Wednesday's session, losing 0.82% on the day. The worst performing stocks in the S&P 500 Technology Sector in today's action were:

1) Adobe Systems (NASDAQ: ADBE): Shares of Adobe closed down 6.25% from yesterday's close to $30.01.

2) LSI (NYSE: LSI): Shares of LSI closed down 2.7% from yesterday's close to $6.80.

3) Juniper Networks (NYSE: JNRP): Shares of Juniper Networks closed down 2.4% from yesterday's close to $29.53.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Tellabs (NASDAQ: TLAB): Shares of Tellabs closed up 2.3% from yesterday's close to $4.41.

2) F5 Networks (NASDAQ: FFIV): Shares of F5 Networks closed up 1.8% from yesterday's close to $104.81.

The Utilities Sector lost 0.7% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Utilities sector in today's action were:

1) NRG Energy (NYSE: NRG): Shares of Energy closed down 1.3% from yesterday's close to $23.40.

2) Ameren (NYSE: AEE): Shares of Ameren closed down 1.3% from yesterday's close to $28.49.

3) The AES (NYSE: AES): Shares of AES closed down 1.2% from yesterday's close to $12.34.

The Financials Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Financials Sector in today's action were:

1) Federated Investors (NYSE: FII): Shares of Federated Investors closed down 3.1% from yesterday's close to $24.08.

2) Janus Capital (NYSE: JNS): Shares of Janus Capital closed down 3.1% from yesterday's close to $9.15.

3) CB Richard Ellis Group (NYSE: CBG): Shares of CB Richard Ellis closed down 2.8% from yesterday's close to $24.08.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall sector weakness:

1) Kimco Realty (NYSE: KIM): Shares of Kimco Realty closed up 0.6% from yesterday's close to $18.27.

2) American Express (NYSE: AXP): Shares of American Express closed up 0.6% from yesterday's close to $49.85.

The Consumer Goods Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Consumer Goods sector in today's action were:

1) Nike (NYSE: NKE): Shares of Nike closed down 3% from yesterday's close to $81.95.

2) Philip Morris International (NYSE: PM): Shares of Philip Morris closed down 2% from yesterday's close to $6.65.

3) Leggett And Platt (NYSE: LEG): Shares of Leggett And Platt closed down 1.9% from yesterday's close to $23. 27.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Conagra Foods (NYSE: CAG): Shares of Conagra Foods closed up 2% from yesterday's close to $25.42.

2) Lennar (NYSE: LEN): Shares of Lennar closed up 1.5% from yesterday's close to $18.10.

The Industrials Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Industrials Sector in today's action were:

1) Boeing (NYSE: BA): Shares of Boeing closed down 2.5% from yesterday's close to $72.12.

2) Agilent Technologies (NYSE: A): Shares of Agilent Technologies closed down 1.8% from yesterday's close to $48.95.

3) Cummins (NYSE: CMI): Shares of Cummins closed down 1.4% from yesterday's close to $96.08.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's trading session, despite overall Sector weakness:

1) L 3 Communications (NYSE: LLL): Shares of L 3 Communications closed up 4.6% from yesterday's close to 86.21.

2) Jabil Circuit (NYSE: JBL): Shares of Jabil Circuit closed up 3.2% from yesterday's close to $19.45.

The Health Care Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Health Care Sector in today's action were:

1) Medco Health Solutions (NYSE: MHS): Shares of Medco Health closed down 2.6% from yesterday's close to $54.81.

2) Zimmer Holdings (NYSE: ZMH): Shares of Zimmer closed down 2.1% from yesterday's close to $62.15.

3) St. Jude Medical (NYSE: STJ): Shares of St. Jude Medical closed down 1.9% from yesterday's close to $48.67.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector Weakness:

1) Boston Scientific (NYSE: BSX): Shares of Boston Scientific closed up 2% from yesterday's close to $7.06.

2) DENTSPLY International (NASDAQ: XRAY): Shares of DENTSPLY International closed up 1.9% from yesterday's close to $38.32.

The Telecomm Sector lost 0.54% in Wednesday's session. The weakest performing stocks in the S&P 500 Telecomm Sector in today's action were:

1) Sprint Nextel (NYSE: S): Shares of Sprint Nextel closed down 2.3% from yesterday's close to $5.12.

2) Leucadia National (NYSE: LUK): Shares of Leucadia National closed down 2% from yesterday's close to $32.74.

3) AT&T (NYSE: T): Shares of AT&T closed down 0.7% from yesterday's close to $30.88.

The Oil & Gas Sector lost 0.4% in Wednesday's session. The weakest performing stocks in the S&P 500 Oil & Gas Sector in today's action were:

1) Occidental Petroleum (NYSE: OXY): Shares of Occidental Petroleum closed down 1.4% from yesterday's close to $100.93.

2) Denbury Resources (NYSE: DNR): Shares of Denbury Resources closed down 1% from yesterday's close to $19.40.

3) Exxon Mobil (NYSE: XOM): Shares of Exxon Mobil closed down 0.9% from yesterday's close to $79.82.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Marathon Oil (NYSE: MRO): Shares of Marathon Oil closed up 1.2% from yesterday's close to $52.79.

2) Diamond Offshore Drilling (NYSE: DO): Shares of Diamond Offshore drilling closed up 1% from yesterday's close to $68.70.

The Basic Materials Sector was the strongest performing area in Wednesday's session, but still lost 0.3% on the day. The weakest stocks in the S&P 500 Basic Materials Sector in today's action were:

1) CF Industries (NYSE: CF): Shares of CF Industries closed down 2.8% from yesterday's close to $142.75.

2) Allegheny Technologies (NYSE: ATI): Shares of Allegheny Technologies closed down 2.5% from yesterday's close to $59.91.

3) Avery Dennison (NYSE: AVY): Shares of Avery Dennison closed down 0.9% from yesterday's close to $37.05.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector Weakness:

1) Alpha Natural Resources (NYSE: ANR): Shares of Alpha Natural Resources closed up 1.8% from yesterday's close to $43.61.

2) Newmont Mining (NYSE: NEM): Shares of Newmont Mining closed up 1.5% from yesterday's close to $54.09.

3) United States Steel (NYSE: X): Shares of United States Steel closed up 1.1% from yesterday's close to $42.60.