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Tuesday Sector Leaders: Technology & Communications, Utilities


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Looking at the sectors faring best as of midday Tuesday, shares of Technology & Communications companies are outperforming other sectors, up 0.4%. Within that group, Qorvo Inc (Symbol: QRVO) and IPG Photonics Corp (Symbol: IPGP) are two of the day's stand-outs, showing a gain of 6.9% and 6.2%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.6% on the day, and up 3.27% year-to-date. Qorvo Inc, meanwhile, is up 8.14% year-to-date, and IPG Photonics Corp is up 5.61% year-to-date. Combined, QRVO and IPGP make up approximately 0.3% of the underlying holdings of XLK.

The next best performing sector is the Utilities sector, not showing much of a loss. Among large Utilities stocks, SCANA Corp (Symbol: SCG) and Exelon Corp (Symbol: EXC) are the most notable, showing a gain of 2.2% and 1.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.1% in midday trading, and down 1.44% on a year-to-date basis. SCANA Corp, meanwhile, is down 4.01% year-to-date, and Exelon Corp is up 2.99% year-to-date. Combined, SCG and EXC make up approximately 6.6% of the underlying holdings of XLU.

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:

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

Sector % Change
Technology & Communications +0.4%
Utilities -0.0%
Healthcare -0.0%
Financial -0.2%
Services -0.6%
Materials -0.6%
Industrial -0.7%
Energy -1.1%
Consumer Products -1.3%

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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: XLU , QRVO , IPGP , XLK , SCG


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