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Tuesday Sector Laggards: Technology & Communications, Energy


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The worst performing sector as of midday Tuesday is the Technology & Communications sector, higher by 0.1%. Within the sector, IPG Photonics Corp (Symbol: IPGP) and Advanced Micro Devices, Inc. (Symbol: AMD) are two large stocks that are lagging, showing a loss of 25.4% and 4.2%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.5% on the day, and up 11.87% year-to-date. IPG Photonics Corp, meanwhile, is down 21.80% year-to-date, and Advanced Micro Devices, Inc. is up 80.89% year-to-date. Combined, IPGP and AMD make up approximately 0.3% of the underlying holdings of XLK.

The next worst performing sector is the Energy sector, up 0.1%. Among large Energy stocks, Helmerich & Payne, Inc. (Symbol: HP) and TechnipFMC plc (Symbol: FTI) are the most notable, showing a loss of 2.1% and 1.9%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 0.1% in midday trading, and up 8.41% on a year-to-date basis. Helmerich & Payne, Inc., meanwhile, is down 2.41% year-to-date, and TechnipFMC plc is up 5.30% year-to-date. Combined, HP and FTI make up approximately 1.5% of the underlying holdings of XLE.

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 Tuesday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Industrial +1.7%
Materials +1.0%
Healthcare +0.9%
Consumer Products +0.7%
Services +0.6%
Utilities +0.5%
Financial +0.5%
Technology & Communications +0.1%
Energy +0.1%

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: XLE , IPGP , AMD , XLK , HP



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