Tuesday Sector Leaders: Services, Technology & Communications

Looking at the sectors faring best as of midday Tuesday, shares of Services companies are outperforming other sectors, up 0.4%. Within that group, Omnicom Group, Inc. (Symbol: OMC) and Netflix Inc (Symbol: NFLX) are two of the day's stand-outs, showing a gain of 5.1% and 4.2%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.5% on the day, and up 18.59% year-to-date. Omnicom Group, Inc., meanwhile, is up 11.28% year-to-date, and Netflix Inc is up 35.81% year-to-date. Combined, OMC and NFLX make up approximately 4.8% of the underlying holdings of IYC.

The next best performing sector is the Technology & Communications sector, up 0.4%. Among large Technology & Communications stocks, Western Digital Corp (Symbol: WDC) and Applied Materials, Inc. (Symbol: AMAT) are the most notable, showing a gain of 5.3% and 3.1%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 0.4% in midday trading, and up 24.77% on a year-to-date basis. Western Digital Corp, meanwhile, is up 49.12% year-to-date, and Applied Materials, Inc. is up 35.16% year-to-date. Combined, WDC and AMAT make up approximately 1.1% of the underlying holdings of XLK.

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


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