Monday Sector Laggards: Technology & Communications, Materials

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In afternoon trading on Monday, Technology & Communications stocks are the worst performing sector, showing a 0.8% loss. Within that group, Qorvo Inc (Symbol: QRVO) and Activision Blizzard, Inc. (Symbol: ATVI) are two large stocks that are lagging, showing a loss of 7.8% and 6.4%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.4% on the day, and up 8.17% year-to-date. Qorvo Inc, meanwhile, is up 2.49% year-to-date, and Activision Blizzard, Inc. is up 2.48% year-to-date. QRVO makes up approximately 0.2% of the underlying holdings of XLK.

The next worst performing sector is the Materials sector, showing a 0.2% loss. Among large Materials stocks, Mohawk Industries, Inc. (Symbol: MHK) and Arconic Inc (Symbol: ARNC) are the most notable, showing a loss of 3.2% and 2.3%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 0.2% in midday trading, and down 9.39% on a year-to-date basis. Mohawk Industries, Inc., meanwhile, is down 53.79% year-to-date, and Arconic Inc, is down 23.23% year-to-date.

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:

ETF Channel

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
Energy +2.1%
Utilities +1.2%
Financial +1.2%
Consumer Products +0.7%
Services +0.4%
Healthcare +0.4%
Industrial +0.2%
Materials -0.2%
Technology & Communications -0.8%

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: XLB , QRVO , ATVI , XLK , MHK

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