Tuesday Sector Laggards: Energy, Materials

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Looking at the sectors faring worst as of midday Tuesday, shares of Energy companies are underperforming other sectors, showing a 0.6% loss. Within that group, Devon Energy Corp. (Symbol: DVN) and Baker Hughes, A GE Company (Symbol: BHGE) are two large stocks that are lagging, showing a loss of 3.1% and 3.0%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.2% on the day, and down 6.42% year-to-date. Devon Energy Corp., meanwhile, is down 16.26% year-to-date, and Baker Hughes, A GE Company, is down 17.16% year-to-date. Combined, DVN and BHGE make up approximately 2.5% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 0.1% loss. Among large Materials stocks, Goodyear Tire & Rubber Co. (Symbol: GT) and Sealed Air Corp (Symbol: SEE) are the most notable, showing a loss of 2.6% and 2.2%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is up 0.1% in midday trading, and down 1.42% on a year-to-date basis. Goodyear Tire & Rubber Co., meanwhile, is down 8.84% year-to-date, and Sealed Air Corp, is down 15.64% year-to-date. SEE makes up approximately 1.2% 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 Tuesday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Services +0.7%
Consumer Products +0.5%
Technology & Communications +0.4%
Industrial +0.4%
Financial +0.3%
Utilities +0.1%
Healthcare +0.1%
Materials -0.1%
Energy -0.6%

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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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