Analysts Forecast 10% Gains Ahead For VOT Monday, April 15, 7:00 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
In afternoon trading on Friday, Technology & Communications stocks are the worst performing sector, showing a 1.0% loss. Within that group, Broadcom Inc (NASDAQ:AVGO) and NVIDIA Corp (NASDAQ:NVDA) are two of the day's laggards, showing a loss of 6.3% and 5.3%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is down 1.3% on the day, and up 7.90% year-to-date. Broadcom Inc, meanwhile, is up 18.08% year-to-date, and NVIDIA Corp is up 77.14% year-to-date. Combined, AVGO and NVDA make up approximately 13.7% of the underlying holdings of XLK.
The next worst performing sector is the Materials sector, showing a 0.5% loss. Among large Materials stocks, Albemarle Corp. (NYSE:ALB) and Howmet Aerospace Inc (NYSE:HWM) are the most notable, showing a loss of 3.6% and 2.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.4% in midday trading, and up 4.64% on a year-to-date basis. Albemarle Corp., meanwhile, is down 18.13% year-to-date, and Howmet Aerospace Inc is up 24.78% year-to-date. ALB makes up approximately 1.4% 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 Friday. As you can see, four sectors are up on the day, while five sectors are down.
Sector
% Change
Financial
+0.4%
Consumer Products
+0.3%
Utilities
+0.3%
Healthcare
+0.2%
Services
-0.1%
Energy
-0.3%
Industrial
-0.4%
Materials
-0.5%
Technology & Communications
-1.0%
This Article's Word Cloud:AVGOAerospaceAlbemarleAmongBroadcomBuyingChangeCombinedCommunicationsComparingConsumerCorpETFsEnergyFinancialFridayHealthcareHereHowmetIndustrialInsidersMaterialsNVDANYSEProductsSPDRSectorSelectServicesStartTechnologyafternoonapproximatelybasisdatedownholdingslossmeanwhileperformingrespectivelysectorsectorsshowingstockstradingunderlyingwhichworstyear
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.
Play Video:
The Importance of ETFs
Free Email Alerts By Stock:
Start slideshow:
