Wednesday Sector Laggards: Energy, Materials

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Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 2.3% loss. Within that group, Hess Corp (Symbol: HES) and Pioneer Natural Resources Co (Symbol: PXD) are two large stocks that are lagging, showing a loss of 4.6% and 4.1%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 2.5% on the day, and up 5.80% year-to-date. Hess Corp, meanwhile, is up 40.87% year-to-date, and Pioneer Natural Resources Co is up 5.45% year-to-date. Combined, HES and PXD make up approximately 3.5% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 1.5% loss. Among large Materials stocks, LyondellBasell Industries NV (Symbol: LYB) and Mosaic Co (Symbol: MOS) are the most notable, showing a loss of 4.2% and 3.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 1.9% in midday trading, and down 2.83% on a year-to-date basis. LyondellBasell Industries NV, meanwhile, is down 2.47% year-to-date, and Mosaic Co is up 8.79% year-to-date. Combined, LYB and MOS make up approximately 7.3% 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:

Portfolio Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, one sector is up on the day, while eight sectors are down.

Sector % Change
Utilities +0.8%
Financial -0.5%
Healthcare -0.6%
Services -0.7%
Consumer Products -0.8%
Technology & Communications -0.8%
Industrial -1.2%
Materials -1.5%
Energy -2.3%

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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: XLB , HES , PXD , XLE , LYB

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