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HFC

Thursday Sector Laggards: Energy, Materials

Looking at the sectors faring worst as of midday Thursday, shares of Energy companies are underperforming other sectors, showing a 1.5% loss. Within that group, HollyFrontier Corp (Symbol: HFC) and National Oilwell Varco Inc (Symbol: NOV) are two of the day's laggards, showing a loss of 3.1% and 2.9%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.1% on the day, and up 13.60% year-to-date. HollyFrontier Corp, meanwhile, is up 1.10% year-to-date, and National Oilwell Varco Inc is up 8.52% year-to-date. Combined, HFC and NOV make up approximately 1.6% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 1.3% loss. Among large Materials stocks, Mosaic Co (Symbol: MOS) and CF Industries Holdings Inc (Symbol: CF) are the most notable, showing a loss of 3.4% and 3.3%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 1.4% in midday trading, and up 8.75% on a year-to-date basis. Mosaic Co , meanwhile, is up 6.37% year-to-date, and CF Industries Holdings Inc, is down 2.94% year-to-date. Combined, MOS and CF make up approximately 3.4% 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 Thursday. As you can see, four sectors are up on the day, while four sectors are down.

Sector % Change
Utilities +0.6%
Financial +0.3%
Consumer Products +0.2%
Healthcare +0.2%
Services -0.0%
Technology & Communications -0.2%
Industrial -0.2%
Materials -1.3%
Energy -1.5%

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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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