Markets AVGO

Monday Sector Leaders: Technology & Communications, Financial

In afternoon trading on Monday, Technology & Communications stocks are the best performing sector, up 0.4%. Within that group, Broadcom Inc (Symbol: AVGO) and Micron Technology Inc. (Symbol: MU) are two of the day's stand-outs, showing a gain of 10.0% and 7.1%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.8% on the day, and up 25.72% year-to-date. Broadcom Inc, meanwhile, is up 122.86% year-to-date, and Micron Technology Inc. is up 29.17% year-to-date. Combined, AVGO and MU make up approximately 7.1% of the underlying holdings of XLK.

The next best performing sector is the Financial sector, higher by 0.3%. Among large Financial stocks, Texas Pacific Land Corp (Symbol: TPL) and Mid-America Apartment Communities Inc (Symbol: MAA) are the most notable, showing a gain of 2.1% and 2.0%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is flat on the day in midday trading, and up 33.03% on a year-to-date basis. Texas Pacific Land Corp, meanwhile, is up 136.43% year-to-date, and Mid-America Apartment Communities Inc is up 23.67% year-to-date.

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 Monday. As you can see, four sectors are up on the day, while four sectors are down.

Sector% Change
Technology & Communications+0.4%
Financial+0.3%
Industrial+0.3%
Utilities+0.1%
Consumer Products-0.0%
Services-0.1%
Healthcare-0.1%
Materials-0.5%
Energy-2.0%

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Also see:

• Ex-Dividend Calendar
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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.
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