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Tuesday Sector Leaders: Energy, Technology & Communications


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In afternoon trading on Tuesday, Energy stocks are the best performing sector, up 1.3%. Within the sector, Concho Resources Inc (Symbol: CXO) and Cimarex Energy Co (Symbol: XEC) are two of the day's stand-outs, showing a gain of 4.5% and 2.7%, 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 4.44% year-to-date. Concho Resources Inc, meanwhile, is down 12.79% year-to-date, and Cimarex Energy Co, is down 19.72% year-to-date. Combined, CXO and XEC make up approximately 2.1% of the underlying holdings of XLE.

The next best performing sector is the Technology & Communications sector, higher by 0.6%. Among large Technology & Communications stocks, Advanced Micro Devices, Inc. (Symbol: AMD) and Salesforce.com Inc (Symbol: CRM) are the most notable, showing a gain of 2.5% and 2.2%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is up 0.7% in midday trading, and up 9.96% on a year-to-date basis. Advanced Micro Devices, Inc., meanwhile, is up 50.73% year-to-date, and Salesforce.com Inc is up 33.16% year-to-date. Combined, AMD and CRM make up approximately 1.7% of the underlying holdings of XLK.

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:

Portfolio 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, seven sectors are up on the day, while one sector is down.

Sector % Change
Energy +1.3%
Technology & Communications +0.6%
Utilities +0.5%
Materials +0.4%
Consumer Products +0.2%
Industrial +0.2%
Services +0.1%
Healthcare 0.0%
Financial -0.2%

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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: XLK , CXO , XEC , XLE , AMD



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