Friday Sector Laggards: Energy, Materials

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In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.9% loss. Within the sector, Baker Hughes, A GE Company (Symbol: BHGE) and Schlumberger Ltd (Symbol: SLB) are two of the day's laggards, showing a loss of 3.3% and 2.0%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.9% on the day, and up 4.23% year-to-date. Baker Hughes, A GE Company, meanwhile, is up 5.59% year-to-date, and Schlumberger Ltd, is down 4.96% year-to-date. Combined, BHGE and SLB make up approximately 7.1% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 0.7% loss. Among large Materials stocks, Goodyear Tire & Rubber Co. (Symbol: GT) and Martin Marietta Materials, Inc. (Symbol: MLM) are the most notable, showing a loss of 6.5% and 2.4%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 0.4% in midday trading, and down 1.33% on a year-to-date basis. Goodyear Tire & Rubber Co., meanwhile, is down 30.05% year-to-date, and Martin Marietta Materials, Inc., is down 9.79% year-to-date. MLM makes up approximately 2.2% of the underlying holdings of XLB.

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:

Energy Stock Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, none of the sectors are up on the day, while seven sectors are down.

Sector % Change
Services 0.0%
Industrial -0.0%
Financial -0.1%
Technology & Communications -0.1%
Healthcare -0.2%
Consumer Products -0.4%
Utilities -0.6%
Materials -0.7%
Energy -0.9%

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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: XLB , BHGE , SLB , XLE , GT

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