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Wednesday Sector Leaders: Energy, Materials
By Market News Video Staff, Wednesday, April 28, 2:31 PM ET
Looking at the sectors faring best as of midday Wednesday, shares of Energy companies are outperforming other sectors, higher by 3.9%. Within that group, NOV Inc (NYSE:NOV) and Devon Energy Corp. (NYSE:DVN) are two of the day's stand-outs, showing a gain of 9.1% and 7.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 3.2% on the day, and up 33.34% year-to-date. NOV Inc, meanwhile, is up 7.90% year-to-date, and Devon Energy Corp. is up 52.94% year-to-date. Combined, NOV and DVN make up approximately 2.3% of the underlying holdings of XLE.
The next best performing sector is the Materials sector, higher by 0.5%. Among large Materials stocks, Avery Dennison Corp (NYSE:AVY) and Ecolab Inc (NYSE:ECL) are the most notable, showing a gain of 3.9% and 2.0%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.4% in midday trading, and up 15.77% on a year-to-date basis. Avery Dennison Corp, meanwhile, is up 37.24% year-to-date, and Ecolab Inc is up 3.16% year-to-date. Combined, AVY and ECL make up approximately 7.6% 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 Wednesday. As you can see, two sectors are up on the day, while six sectors are down.
Sector
% Change
Energy
+3.9%
Materials
+0.5%
Financial
0.0%
Healthcare
-0.1%
Consumer Products
-0.2%
Services
-0.2%
Utilities
-0.3%
Industrial
-0.3%
Technology & Communications
-0.8%
This Article's Word Cloud:AmongAveryBuyingChangeCombinedCommunicationsComparingConsumerCorpDennisonDevonETFsEcolabEnergyFinancialHealthcareHereIndustrialInsidersLookingMaterialsNYSEProductsSPDRSectorSelectServicesStartStocksWednesdayapproximatelybasisbestdatefaringgainhigherholdingsmakemeanwhilemiddayrespectivelysectorsectorsshowingstockstradingunderlyingwhichyear
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