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COG

Friday Sector Laggards: Energy, Materials

Looking at the sectors faring worst as of midday Friday, shares of Energy companies are underperforming other sectors, showing a 0.3% loss. Within the sector, Cabot Oil & Gas Corp. (Symbol: COG) and Valero Energy Corp (Symbol: VLO) are two large stocks that are lagging, showing a loss of 3.6% and 1.4%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is flat on the day on the day, and down 17.66% year-to-date. Cabot Oil & Gas Corp., meanwhile, is down 18.97% year-to-date, and Valero Energy Corp, is down 16.47% year-to-date. Combined, COG and VLO make up approximately 4.0% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, higher by 0.1%. Among large Materials stocks, Mosaic Co (Symbol: MOS) and Packaging Corp of America (Symbol: PKG) are the most notable, showing a loss of 1.2% and 1.1%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 0.3% in midday trading, and down 14.68% on a year-to-date basis. Mosaic Co , meanwhile, is up 14.22% year-to-date, and Packaging Corp of America, is down 28.39% year-to-date. Combined, MOS and PKG make up approximately 3.3% 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:

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

Sector % Change
Healthcare +0.8%
Technology & Communications +0.8%
Services +0.6%
Utilities +0.6%
Consumer Products +0.5%
Financial +0.5%
Industrial +0.5%
Materials +0.1%
Energy -0.3%

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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.


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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