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Friday Sector Laggards: Industrial, Materials

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In afternoon trading on Friday, Industrial stocks are the worst performing sector, showing a 0.5% loss. Within that group, Stericycle Inc. (Symbol: SRCL) and Global Payments, Inc. (Symbol: GPN) are two large stocks that are lagging, showing a loss of 17.0% and 3.7%, respectively. Among industrial ETFs , one ETF following the sector is the Industrial Select Sector SPDR ETF (Symbol: XLI), which is down 0.1% on the day, and up 10.77% year-to-date. Stericycle Inc., meanwhile, is down 27.09% year-to-date, and Global Payments, Inc. is up 16.76% year-to-date. SRCL makes up approximately 0.4% of the underlying holdings of XLI.

The next worst performing sector is the Materials sector, showing a 0.5% loss. Among large Materials stocks, Eastman Chemical Co. (Symbol: EMN) and LyondellBasell Industries NV (Symbol: LYB) are the most notable, showing a loss of 7.8% and 4.5%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 0.5% in midday trading, and up 13.07% on a year-to-date basis. Eastman Chemical Co., meanwhile, is down 2.55% year-to-date, and LyondellBasell Industries NV, is down 11.30% year-to-date. Combined, EMN and LYB make up approximately 5.4% 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, five sectors are up on the day, while four sectors are down.

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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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