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Friday Sector Leaders: Materials, Energy

By Metals Channel Staff, Friday, September 10, 2:32 PM ET

The best performing sector as of midday Friday is the Materials sector, higher by 0.8%. Within that group, Freeport-McMoran Copper & Gold (NYSE:FCX) and LyondellBasell Industries NV (NYSE:LYB) are two large stocks leading the way, showing a gain of 3.7% and 2.1%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (NYSE:XLB), which is up 0.7% on the day, and up 17.86% year-to-date. Freeport-McMoran Copper & Gold, meanwhile, is up 39.34% year-to-date, and LyondellBasell Industries NV is up 5.62% year-to-date. Combined, FCX and LYB make up approximately 8.1% of the underlying holdings of XLB.

The next best performing sector is the Energy sector, up 0.6%. Among large Energy stocks, NOV Inc (NYSE:NOV) and Baker Hughes Company (NYSE:BKR) are the most notable, showing a gain of 2.5% and 2.0%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 0.5% in midday trading, and up 29.49% on a year-to-date basis. NOV Inc, meanwhile, is down 5.03% year-to-date, and Baker Hughes Company is up 17.60% year-to-date. Combined, NOV and BKR make up approximately 2.8% 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:

ETF Channel

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, five sectors are up on the day, while three sectors are down.

Sector% Change
Materials+0.8%
Energy+0.6%
Consumer Products+0.3%
Technology & Communications+0.3%
Industrial+0.1%
Services0.0%
Financial-0.2%
Healthcare-0.6%
Utilities-1.0%


This Article's Word Cloud:   Among   Baker   Buying   Change   Combined   Communications   Company   Comparing   Consumer   Copper   ETFs   Energy   Financial   Freeport   Friday   Gold   Healthcare   Here   Hughes   Industrial   Industries   LyondellBasell   Materials   McMoran   NYSE   SPDR   Sector   Select   approximately   basis   best   closely   date   down   gain   holdings   large   make   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   year

Friday Sector Leaders: Materials, Energy | www.MetalsChannel.com

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