Monday , 11 December 2017

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Friday Sector Laggards: Technology & Communications, Services


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The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 0.6% loss. Within the sector, Oracle Corp (Symbol: ORCL) and Seagate Technology plc (Symbol: STX) are two large stocks that are lagging, showing a loss of 4.0% and 3.3%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.1% on the day, and up 15.03% year-to-date. Oracle Corp, meanwhile, is up 8.98% year-to-date, and Seagate Technology plc is up 12.29% year-to-date. Combined, ORCL and STX make up approximately 2.9% of the underlying holdings of XLK.

The next worst performing sector is the Services sector, showing a 0.5% loss. Among large Services stocks, Nordstrom, Inc. (Symbol: JWN) and Kohl’s Corp. (Symbol: KSS) are the most notable, showing a loss of 8.3% and 6.4%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is down 0.2% in midday trading, and up 7.27% on a year-to-date basis. Nordstrom, Inc., meanwhile, is up 4.78% year-to-date, and Kohl’s Corp. is up 13.37% year-to-date. Combined, JWN and KSS make up approximately 0.5% of the underlying holdings of IYC.

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:

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

Sector % Change
Utilities +1.1%
Healthcare +0.1%
Energy +0.1%
Financial 0.0%
Consumer Products -0.2%
Industrial -0.3%
Services -0.5%
Materials -0.5%
Technology & Communications -0.6%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Friday Sector Laggards: Technology & Communications, Services Reviewed by on . Shutterstock photo The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 0.6% loss. Within the sector, Oracle Shutterstock photo The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 0.6% loss. Within the sector, Oracle Rating:
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