Friday Sector Laggards: Technology & Communications, Energy

Looking at the sectors faring worst as of midday Friday, shares of Technology & Communications companies are underperforming other sectors, showing a 1.3% loss. Within that group, F5 Networks, Inc. (Symbol: FFIV) and Broadcom Inc (Symbol: AVGO) are two of the day's laggards, showing a loss of 6.5% and 6.3%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.8% on the day, and up 23.21% year-to-date. F5 Networks, Inc., meanwhile, is down 16.28% year-to-date, and Broadcom Inc is up 4.78% year-to-date. Combined, FFIV and AVGO make up approximately 2.2% of the underlying holdings of XLK.

The next worst performing sector is the Energy sector, showing a 1.3% loss. Among large Energy stocks, Cimarex Energy Co (Symbol: XEC) and Noble Energy Inc (Symbol: NBL) are the most notable, showing a loss of 3.9% and 3.9%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.6% in midday trading, and up 7.33% on a year-to-date basis. Cimarex Energy Co, meanwhile, is down 11.05% year-to-date, and Noble Energy Inc is up 7.68% year-to-date. Combined, XEC and NBL make up approximately 1.4% 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:

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

Sector % Change
Utilities +0.7%
Financial -0.0%
Services -0.1%
Consumer Products -0.3%
Healthcare -0.6%
Industrial -0.6%
Materials -0.8%
Technology & Communications -1.3%
Energy -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.

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