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Thursday Sector Leaders: Materials, Industrial

By Metals Channel Staff, Thursday, December 23, 2:32 PM ET

The best performing sector as of midday Thursday is the Materials sector, up 1.4%. Within the sector, LyondellBasell Industries NV (NYSE:LYB) and Freeport-McMoran Copper & Gold (NYSE:FCX) are two large stocks leading the way, showing a gain of 3.4% and 2.6%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (NYSE:XLB), which is up 1.3% on the day, and up 24.33% year-to-date. LyondellBasell Industries NV, meanwhile, is up 2.89% year-to-date, and Freeport-McMoran Copper & Gold is up 59.15% year-to-date. Combined, LYB and FCX make up approximately 8.4% of the underlying holdings of XLB.

The next best performing sector is the Industrial sector, up 1.2%. Among large Industrial stocks, TransDigm Group Inc (NYSE:TDG) and Fortive Corp (NYSE:FTV) are the most notable, showing a gain of 3.1% and 2.8%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is up 1.4% in midday trading, and up 19.09% on a year-to-date basis. TransDigm Group Inc, meanwhile, is up 2.37% year-to-date, and Fortive Corp is up 5.87% year-to-date. Combined, TDG and FTV make up approximately 1.9% 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:

ETF Channel

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, nine sectors are up on the day, while none of the sectors are down.

Sector% Change
Materials+1.4%
Industrial+1.2%
Services+1.1%
Technology & Communications+1.0%
Healthcare+0.8%
Consumer Products+0.7%
Financial+0.6%
Energy+0.3%
Utilities+0.2%


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

Thursday Sector Leaders: Materials, Industrial | www.MetalsChannel.com

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