ROP

Wednesday Sector Laggards: Technology & Communications, Services

The worst performing sector as of midday Wednesday is the Technology & Communications sector, showing a 1.5% loss. Within that group, Roper Technologies Inc (Symbol: ROP) and Super Micro Computer Inc (Symbol: SMCI) are two large stocks that are lagging, showing a loss of 8.6% and 8.3%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 3.3% on the day, and up 13.48% year-to-date. Roper Technologies Inc, meanwhile, is down 3.30% year-to-date, and Super Micro Computer Inc is up 152.67% year-to-date. Combined, ROP and SMCI make up approximately 1.0% of the underlying holdings of XLK.

The next worst performing sector is the Services sector, showing a 1.4% loss. Among large Services stocks, Bath & Body Works Inc (Symbol: BBWI) and Ulta Beauty Inc (Symbol: ULTA) are the most notable, showing a loss of 5.9% and 5.5%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 2.2% in midday trading, and up 7.00% on a year-to-date basis. Bath & Body Works Inc, meanwhile, is down 18.30% year-to-date, and Ulta Beauty Inc, is down 24.95% year-to-date. Combined, BBWI and ULTA make up approximately 0.5% of the underlying holdings of IYC.

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:

Yield Charts

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, two sectors are up on the day, while seven sectors are down.

Sector% Change
Utilities+1.1%
Healthcare+1.1%
Financial-0.1%
Energy-0.3%
Materials-0.5%
Consumer Products-0.8%
Industrial-1.2%
Services-1.4%
Technology & Communications-1.5%

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Also see:

• Top Ten Hedge Funds Holding SWT
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• HCR Videos

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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