Monday Sector Leaders: Healthcare, Technology & Communications


Shutterstock photo

Looking at the sectors faring best as of midday Monday, shares of Healthcare companies are outperforming other sectors, up 1.3%. Within the sector, PerkinElmer, Inc. (Symbol: PKI) and Biogen Inc (Symbol: BIIB) are two large stocks leading the way, showing a gain of 5.9% and 4.0%, respectively. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 1.0% on the day, and up 14.66% year-to-date. PerkinElmer, Inc., meanwhile, is up 29.34% year-to-date, and Biogen Inc, is down 7.70% year-to-date. Combined, PKI and BIIB make up approximately 2.1% of the underlying holdings of XLV.

The next best performing sector is the Technology & Communications sector, higher by 1.2%. Among large Technology & Communications stocks, Advanced Micro Devices, Inc. (Symbol: AMD) and Micron Technology Inc. (Symbol: MU) are the most notable, showing a gain of 3.9% and 3.8%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is up 1.3% in midday trading, and up 16.66% on a year-to-date basis. Advanced Micro Devices, Inc., meanwhile, is up 4.76% year-to-date, and Micron Technology Inc. is up 41.38% year-to-date. Combined, AMD and MU make up approximately 0.8% of the underlying holdings of XLK.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

Stock Message Boards

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Healthcare +1.3%
Technology & Communications +1.2%
Services +0.7%
Materials +0.7%
Industrial +0.5%
Financial +0.4%
Consumer Products +0.2%
Energy -0.5%
Utilities -0.6%

25 Dividend Giants Widely Held By ETFs »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: XLK , PKI , BIIB , XLV , AMD


More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing
Follow on:








Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com