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Thursday Sector Laggards: Energy, Materials

By Metals Channel Staff, Thursday, June 17, 2:37 PM ET

In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 4.1% loss. Within that group, Occidental Petroleum Corp (NYSE:OXY) and APA Corp (NASDAQ:APA) are two of the day's laggards, showing a loss of 7.1% and 6.7%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 3.3% on the day, and up 43.96% year-to-date. Occidental Petroleum Corp, meanwhile, is up 64.07% year-to-date, and APA Corp is up 48.70% year-to-date. Combined, OXY and APA make up approximately 3.6% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 2.6% loss. Among large Materials stocks, Newmont Corp (NYSE:NEM) and Mosaic Co (NYSE:MOS) are the most notable, showing a loss of 6.5% and 6.2%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 2.4% in midday trading, and up 13.66% on a year-to-date basis. Newmont Corp, meanwhile, is up 8.64% year-to-date, and Mosaic Co is up 33.57% year-to-date. Combined, NEM and MOS make up approximately 5.9% 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:

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 six sectors are down.

Sector% Change
Healthcare+0.6%
Technology & Communications+0.5%
Utilities+0.4%
Services-0.2%
Consumer Products-1.2%
Industrial-1.2%
Financial-2.3%
Materials-2.6%
Energy-4.1%


This Article's Word Cloud:   Among   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Financial   Giants   Healthcare   Held   Here   Industrial   Materials   Mosaic   NYSE   Newmont   Occidental   Petroleum   Products   SPDR   Sector   Select   Services   Start   Technology   Thursday   afternoon   approximately   basis   date   down   holdings   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year

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