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Wednesday, August 28, 2013

Energy, gold stocks among sector leaders as Syria weighs -8/28/13

Energy, gold stocks among sector leaders as Syria weighs

Energy stocks (XLE +1.9%) lead the way this session as West Texas crude tests $110, with tensions over Syria continuing to feed Middle East supply concerns; Syria concerns and Libyan export cuts are trumping the bearish influence from a surprise gain for U.S. crude supplies.

 Among sector leaders: MRO +3.3%, EOG +3.1%, CVX +2.5%, TOT +2.4%, WLL +2.4%, APC +2.2%, RDS.A +2.1%, XOM +2.1%, HAL +2%, SLB +2%, COP +1.8%, PSX +1.7%, BP +1.6%, APA +1.6%, HES +1.5%, KOG +1.3%. ETFs: ERX, VDE, DIG.

After big losses yesterday, gold miners (GDX +2.4%) are strong today despite only a slight gain in the metal. Miners: ABX +3.6%, GG +3.2%, NEM +2.2%, KGC +2%, SLW +2%, GFI +1.2%.


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