Friday Sector Laggards: Energy, Materials

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The worst performing sector as of midday Friday is the Energy sector, showing a 2.7% loss. Within that group, Helmerich & Payne, Inc. (Symbol: HP) and Newfield Exploration Co (Symbol: NFX) are two of the day's laggards, showing a loss of 5.3% and 5.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 2.9% on the day, and up 3.51% year-to-date. Helmerich & Payne, Inc., meanwhile, is up 4.47% year-to-date, and Newfield Exploration Co, is down 12.27% year-to-date. Combined, HP and NFX make up approximately 0.9% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 0.4% loss. Among large Materials stocks, LyondellBasell Industries NV (Symbol: LYB) and Packaging Corp of America (Symbol: PKG) are the most notable, showing a loss of 3.1% and 1.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 0.7% in midday trading, and down 2.26% on a year-to-date basis. LyondellBasell Industries NV, meanwhile, is up 3.72% year-to-date, and Packaging Corp of America, is down 0.32% year-to-date. Combined, LYB and PKG make up approximately 7.4% 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:

Canada 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, two sectors are up on the day, while five sectors are down.

Sector % Change
Utilities +0.5%
Services +0.2%
Consumer Products 0.0%
Healthcare 0.0%
Technology & Communications -0.1%
Financial -0.3%
Industrial -0.3%
Materials -0.4%
Energy -2.7%

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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
Referenced Symbols: XLB , HP , NFX , XLE , LYB

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