In afternoon trading on Monday, Materials stocks are the best performing sector, up 1.3%. Within the sector, Freeport-McMoran Copper & Gold (NYSE:FCX) and Albemarle Corp. (NYSE:ALB) are two large stocks leading the way, showing a gain of 5.7% and 4.6%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (NYSE:XLB), which is up 1.1% on the day, and down 1.92% year-to-date. Freeport-McMoran Copper & Gold, meanwhile, is up 3.89% year-to-date, and Albemarle Corp. is up 3.22% year-to-date. Combined, FCX and ALB make up approximately 4.3% of the underlying holdings of XLB.
The next best performing sector is the Technology & Communications sector, up 0.9%. Among large Technology & Communications stocks, Skyworks Solutions Inc (NASDAQ:SWKS) and NVIDIA Corp (NASDAQ:NVDA) are the most notable, showing a gain of 3.7% and 3.1%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 1.1% in midday trading, and up 4.07% on a year-to-date basis. Skyworks Solutions Inc, meanwhile, is up 3.01% year-to-date, and NVIDIA Corp is up 7.02% year-to-date. Combined, SWKS and NVDA make up approximately 2.7% 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 Monday. As you can see, seven sectors are up on the day, while two sectors are down.
Technology & Communications
This Article's Word Cloud:AlbemarleAmongBuyingChangeCombinedCommunicationsComparingConsumerCopperCorpETFsEnergyFinancialFreeportGoldHealthcareMaterialsMcMoranMondayNVDANYSESPDRSWKSSectorSelectSkyworksSolutionsTechnologyafternoonapproximatelybasisbestcloselydatedowngainholdingslargemakemeanwhileperformingrespectivelysectorsectorsshowingstockstradingunderlyingwhichyear
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.