Markets AVGO

Friday Sector Laggards: Technology & Communications, Materials

In afternoon trading on Friday, Technology & Communications stocks are the worst performing sector, showing a 1.0% loss. Within that group, Broadcom Inc (Symbol: AVGO) and NVIDIA Corp (Symbol: NVDA) are two of the day's laggards, showing a loss of 6.3% and 5.3%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.3% on the day, and up 7.90% year-to-date. Broadcom Inc, meanwhile, is up 18.08% year-to-date, and NVIDIA Corp is up 77.14% year-to-date. Combined, AVGO and NVDA make up approximately 13.7% of the underlying holdings of XLK.

The next worst performing sector is the Materials sector, showing a 0.5% loss. Among large Materials stocks, Albemarle Corp. (Symbol: ALB) and Howmet Aerospace Inc (Symbol: HWM) are the most notable, showing a loss of 3.6% and 2.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.4% in midday trading, and up 4.64% on a year-to-date basis. Albemarle Corp., meanwhile, is down 18.13% year-to-date, and Howmet Aerospace Inc is up 24.78% year-to-date. ALB makes up approximately 1.4% 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:

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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, four sectors are up on the day, while five sectors are down.

Sector% Change
Financial+0.4%
Consumer Products+0.3%
Utilities+0.3%
Healthcare+0.2%
Services-0.1%
Energy-0.3%
Industrial-0.4%
Materials-0.5%
Technology & Communications-1.0%

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Also see:

• Top Ten Hedge Funds Holding FUE
• FOR market cap history
• WETF market cap history

BNK Invest
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
Top Ten Hedge Funds Holding FUE FOR market cap history WETF market cap history More articles by this source

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