Friday Sector Leaders: Energy, Materials
By Market News Video Staff, Friday, January 23, 2:47 PM ET
The best performing sector as of midday Friday is the Energy sector, up 0.8%. Within the sector, Occidental Petroleum Corp (NYSE:OXY) and Halliburton Company (NYSE:HAL) are two large stocks leading the way, showing a gain of 2.5% and 2.3%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 0.8% on the day, and up 10.32% year-to-date. Occidental Petroleum Corp, meanwhile, is up 7.51% year-to-date, and Halliburton Company is up 22.06% year-to-date. Combined, OXY and HAL make up approximately 4.0% of the underlying holdings of XLE.
The next best performing sector is the Materials sector, up 0.2%. Among large Materials stocks, CF Industries Holdings Inc (NYSE:CF) and International Paper Co (NYSE:IP) are the most notable, showing a gain of 3.7% and 2.7%, 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 9.63% on a year-to-date basis. CF Industries Holdings Inc, meanwhile, is up 19.69% year-to-date, and International Paper Co is up 9.09% year-to-date. Combined, CF and IP make up approximately 4.7% 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, two sectors are up on the day, while seven sectors are down.
| Sector | % Change |
|---|
| Energy | +0.8% |
| Materials | +0.2% |
| Services | -0.1% |
| Consumer Products | -0.2% |
| Technology & Communications | -0.7% |
| Financial | -0.9% |
| Industrial | -0.9% |
| Utilities | -1.0% |
| Healthcare | -1.2% |
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