news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Friday Sector Leaders: Services, Energy


Shutterstock photo

Looking at the sectors faring best as of midday Friday, shares of Services companies are outperforming other sectors, higher by 1.0%. Within that group, Kohl’s Corp. (Symbol: KSS) and Signet Jewelers Ltd (Symbol: SIG) are two of the day’s stand-outs, showing a gain of 3.8% and 3.7%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 1.0% on the day, and up 5.79% year-to-date. Kohl’s Corp., meanwhile, is up 16.96% year-to-date, and Signet Jewelers Ltd is up 1.27% year-to-date. Combined, KSS and SIG make up approximately 0.4% of the underlying holdings of IYC.

The next best performing sector is the Energy sector, higher by 1.0%. Among large Energy stocks, Chesapeake Energy Corp. (Symbol: CHK) and Apache Corp (Symbol: APA) are the most notable, showing a gain of 3.3% and 2.8%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 0.9% in midday trading, and up 7.07% on a year-to-date basis. Chesapeake Energy Corp., meanwhile, is up 9.34% year-to-date, and Apache Corp is up 11.96% year-to-date. Combined, CHK and APA make up approximately 1.7% of the underlying holdings of XLE.

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:

Market News Video 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, eight sectors are up on the day, while one sector is down.

Sector % Change
Services +1.0%
Energy +1.0%
Technology & Communications +0.9%
Industrial +0.8%
Healthcare +0.7%
Materials +0.2%
Consumer Products +0.1%
Financial +0.1%
Utilities -0.3%

25 Dividend Giants Widely Held By ETFs »

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


No Comments

Post A Comment