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Monday Sector Leaders: Energy, Materials

By Metals Channel Staff, Monday, October 3, 2:50 PM ET

The best performing sector as of midday Monday is the Energy sector, higher by 5.6%. Within that group, Marathon Oil Corp. (NYSE:MRO) and APA Corp (NASDAQ:APA) are two large stocks leading the way, showing a gain of 9.6% and 8.5%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 5.2% on the day, and up 40.81% year-to-date. Marathon Oil Corp., meanwhile, is up 52.13% year-to-date, and APA Corp is up 39.33% year-to-date. Combined, MRO and APA make up approximately 2.5% of the underlying holdings of XLE.

The next best performing sector is the Materials sector, up 3.7%. Among large Materials stocks, Freeport-McMoran Copper & Gold (NYSE:FCX) and Nucor Corp. (NYSE:NUE) are the most notable, showing a gain of 7.1% and 7.0%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 3.5% in midday trading, and down 20.90% on a year-to-date basis. Freeport-McMoran Copper & Gold, meanwhile, is down 28.79% year-to-date, and Nucor Corp. is up 1.59% year-to-date. Combined, FCX and NUE make up approximately 9.1% 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:

Stock Message Boards

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

Sector% Change
Energy+5.6%
Materials+3.7%
Utilities+3.5%
Technology & Communications+3.1%
Industrial+3.0%
Financial+2.7%
Services+2.5%
Healthcare+2.5%
Consumer Products+2.0%


This Article's Word Cloud:   Among   Buying   Change   Combined   Communications   Comparing   Consumer   Copper   Corp   ETFs   Energy   Financial   Freeport   Gold   Healthcare   Here   Industrial   Insiders   Marathon   Materials   McMoran   Monday   NYSE   Nucor   Products   SPDR   Sector   Select   Services   approximately   basis   best   date   down   gain   holdings   large   make   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   year

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