Thursday Sector Leaders: Technology & Communications, Industrial


Shutterstock photo

The best performing sector as of midday Thursday is the Technology & Communications sector, up 0.5%. Within that group, Qorvo Inc (Symbol: QRVO) and eBay Inc. (Symbol: EBAY) are two large stocks leading the way, showing a gain of 16.5% and 15.0%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.2% on the day, and up 7.28% year-to-date. Qorvo Inc, meanwhile, is up 25.56% year-to-date, and eBay Inc. is up 23.61% year-to-date. Combined, QRVO and EBAY make up approximately 0.9% of the underlying holdings of XLK.

The next best performing sector is the Industrial sector, higher by 0.1%. Among large Industrial stocks, Eaton Corp plc (Symbol: ETN) and Nielsen Holdings PLC (Symbol: NLSN) are the most notable, showing a gain of 4.5% and 4.3%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF ( XLI ), which is down 0.1% in midday trading, and up 5.31% on a year-to-date basis. Eaton Corp plc, meanwhile, is up 11.11% year-to-date, and Nielsen Holdings PLC is up 7.24% year-to-date. Combined, ETN and NLSN make up approximately 2.2% of the underlying holdings of XLI.

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:

Stock Market Game Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, three sectors are up on the day, while five sectors are down.

Sector % Change
Technology & Communications +0.5%
Industrial +0.1%
Energy +0.1%
Financial -0.0%
Services -0.2%
Healthcare -0.2%
Consumer Products -0.3%
Materials -0.7%
Utilities -1.2%

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