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Monday Sector Leaders: Energy, Materials


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The best performing sector as of midday Monday is the Energy sector, up 1.4%. Within the sector, Helmerich & Payne, Inc. (Symbol: HP) and Newfield Exploration Co (Symbol: NFX) are two large stocks leading the way, showing a gain of 4.7% and 4.5%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 1.1% on the day, and up 8.53% year-to-date. Helmerich & Payne, Inc., meanwhile, is up 0.70% year-to-date, and Newfield Exploration Co, is down 8.67% year-to-date. Combined, HP and NFX make up approximately 0.9% of the underlying holdings of XLE.

The next best performing sector is the Materials sector, up 0.5%. Among large Materials stocks, Goodyear Tire & Rubber Co. (Symbol: GT) and WestRock Co (Symbol: WRK) are the most notable, showing a gain of 5.9% and 2.4%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 0.3% in midday trading, and down 0.87% on a year-to-date basis. Goodyear Tire & Rubber Co., meanwhile, is down 23.24% year-to-date, and WestRock Co, is down 7.75% year-to-date. WRK makes up approximately 2.5% 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 Monday. As you can see, three sectors are up on the day, while five sectors are down.

Sector % Change
Energy +1.4%
Materials +0.5%
Financial +0.1%
Healthcare 0.0%
Services -0.2%
Consumer Products -0.4%
Industrial -0.4%
Utilities -0.7%
Technology & Communications -1.4%

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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 , HP , NFX , XLE , GT



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