Tuesday Sector Leaders: Technology & Communications, Energy

Apr 29 2014, 3:10pm CDT | by

The best performing sector as of midday Tuesday is the Technology & Communications sector, higher by 1.1%. Within the sector, Tripadvisor Inc (NASD: TRIP) and Yahoo! Inc. (NASD: YHOO) are two of the day’s stand-outs, showing a gain of 4.6% and 4.2%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (AMEX: XLK), which is up 0.9% on the day, and up 2.29% year-to-date. Tripadvisor Inc, meanwhile, is down 2.44% year-to-date, and Yahoo! Inc., is down 12.43% year-to-date. YHOO makes up approximately 1.0% of the underlying holdings of XLK.

The next best performing sector is the Energy sector, up 0.8%. Among large Energy stocks, Pioneer Natural Resources Co (NYSE: PXD) and EOG Resources, Inc. (NYSE: EOG) are the most notable, showing a gain of 2.7% and 2.6%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 0.8% in midday trading, and up 6.89% on a year-to-date basis. Pioneer Natural Resources Co, meanwhile, is up 6.79% year-to-date, and EOG Resources, Inc. is up 20.11% year-to-date. Combined, PXD and EOG make up approximately 7.2% of the underlying holdings of XLE.

Click here to find out 10 ETFs With Stocks That Insiders Are Buying »

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:

Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Technology & Communications +1.1%
Energy +0.8%
Financial +0.7%
Materials +0.7%
Services +0.4%
Industrial +0.4%
Healthcare +0.4%
Consumer Products -0.1%
Utilities -0.4%
 
 

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