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Monday Sector Laggards: Energy, Materials

By Metals Channel Staff, Monday, September 20, 2:45 PM ET

In afternoon trading on Monday, Energy stocks are the worst performing sector, showing a 4.6% loss. Within the sector, Devon Energy Corp. (NYSE:DVN) and APA Corp (NASDAQ:APA) are two large stocks that are lagging, showing a loss of 7.4% and 7.2%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 5.3% on the day, and up 25.99% year-to-date. Devon Energy Corp., meanwhile, is up 81.59% year-to-date, and APA Corp is up 32.17% year-to-date. Combined, DVN and APA make up approximately 2.9% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 2.9% loss. Among large Materials stocks, Nucor Corp. (NYSE:NUE) and Freeport-McMoran Copper & Gold (NYSE:FCX) are the most notable, showing a loss of 9.3% and 7.1%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 3.4% in midday trading, and up 9.49% on a year-to-date basis. Nucor Corp., meanwhile, is up 80.35% year-to-date, and Freeport-McMoran Copper & Gold is up 18.54% year-to-date. Combined, NUE and FCX make up approximately 8.1% 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:

Energy Stock Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, none of the sectors are up on the day, while nine sectors are down.

Sector% Change
Utilities-0.6%
Healthcare-1.5%
Industrial-1.8%
Consumer Products-2.3%
Services-2.3%
Technology & Communications-2.6%
Financial-2.8%
Materials-2.9%
Energy-4.6%


This Article's Word Cloud:   Among   Change   Combined   Communications   Comparing   Consumer   Copper   Corp   Devon   Dividend   ETFs   Energy   Financial   Freeport   Giants   Gold   Healthcare   Held   Here   Industrial   Materials   McMoran   Monday   NYSE   Nucor   Products   SPDR   Sector   Select   afternoon   approximately   basis   date   down   holdings   large   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year

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