News

We provide the latest news
from the world of economics and finance

13 May
Tuesday Sector Leaders: Energy, Technology & Communications

In afternoon trading on Tuesday, Energy stocks are the best performing sector, higher by 2.2%. Within that group, Phillips 66 (Symbol: PSX) and APA Corp (Symbol: APA) are two large stocks leading the way, showing a gain of 5.6% and 4.0%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 1.8% on the day, and up 1.31% year-to-date. Phillips 66, meanwhile, is up 10.97% year-to-date, and APA Corp, is down 18.04% year-to-date. Combined, PSX and APA make up approximately 4.2% of the underlying holdings of XLE.

The next best performing sector is the Technology & Communications sector, higher by 1.6%. Among large Technology & Communications stocks, First Solar Inc (Symbol: FSLR) and Super Micro Computer Inc (Symbol: SMCI) are the most notable, showing a gain of 18.8% and 15.0%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 2.1% in midday trading, and up 0.15% on a year-to-date basis. First Solar Inc, meanwhile, is up 5.27% year-to-date, and Super Micro Computer Inc is up 26.44% year-to-date. Combined, FSLR and SMCI make up approximately 0.4% 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, six sectors are up on the day, while three sectors are down.

Sector% Change
Energy+2.2%
Technology & Communications+1.6%
Industrial+0.6%
Services+0.5%
Utilities+0.3%
Materials+0.3%
Consumer Products-0.1%
Financial-0.3%
Healthcare-1.0%
Also see:

ELV Videos
Institutional Holders of FLYE
GDOT Price Target

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

х
Risk warning: Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services.
Contact usCollapse