Friday Sector Laggards: Energy, Materials

The worst performing sector as of midday Friday is the Energy sector, showing a 2.2% loss. Within that group, Marathon Oil Corp. (Symbol: MRO) and Occidental Petroleum Corp (Symbol: OXY) are two large stocks that are lagging, showing a loss of 4.0% and 3.8%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 2.4% on the day, and up 31.82% year-to-date. Marathon Oil Corp., meanwhile, is up 77.29% year-to-date, and Occidental Petroleum Corp is up 51.53% year-to-date. Combined, MRO and OXY make up approximately 3.8% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 1.6% loss. Among large Materials stocks, LyondellBasell Industries NV (Symbol: LYB) and CF Industries Holdings Inc (Symbol: CF) are the most notable, showing a loss of 4.5% and 4.2%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.3% in midday trading, and up 13.17% on a year-to-date basis. LyondellBasell Industries NV, meanwhile, is up 7.66% year-to-date, and CF Industries Holdings Inc is up 22.94% year-to-date. Combined, LYB and CF make up approximately 3.8% 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:

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

Sector % Change
Utilities +1.2%
Healthcare +0.3%
Technology & Communications -0.4%
Industrial -0.4%
Consumer Products -0.6%
Financial -0.7%
Services -0.8%
Materials -1.6%
Energy -2.2%

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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.

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