EnergyStockChannel

Friday Sector Laggards: Technology & Communications, Energy

By Energy Stock Channel Staff, Friday, April 30, 3:29 PM ET

The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 2.0% loss. Within that group, Twitter Inc (TWTR) and Skyworks Solutions Inc (NASDAQ:SWKS) are two large stocks that are lagging, showing a loss of 13.9% and 8.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is down 1.4% on the day, and up 7.66% year-to-date. Twitter Inc, meanwhile, is up 3.46% year-to-date, and Skyworks Solutions Inc is up 19.36% year-to-date. SWKS makes up approximately 0.3% of the underlying holdings of XLK.

The next worst performing sector is the Energy sector, showing a 1.9% loss. Among large Energy stocks, APA Corp (NASDAQ:APA) and Chevron Corporation (NYSE:CVX) are the most notable, showing a loss of 3.4% and 3.4%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 2.2% in midday trading, and up 32.16% on a year-to-date basis. APA Corp, meanwhile, is up 41.09% year-to-date, and Chevron Corporation is up 23.87% year-to-date. Combined, APA and CVX make up approximately 22.4% of the underlying holdings of XLE.

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:

Preferred Stock 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, one sector is up on the day, while eight sectors are down.

Sector% Change
Utilities+0.2%
Consumer Products-0.4%
Financial-0.5%
Healthcare-0.6%
Services-0.7%
Industrial-1.0%
Materials-1.1%
Energy-1.9%
Technology & Communications-2.0%


This Article's Word Cloud:   Among   Buying   Change   Chevron   Combined   Communications   Comparing   Consumer   Corp   Corporation   ETFs   Energy   Financial   Friday   Healthcare   Here   Industrial   Insiders   Materials   NYSE   Products   SPDR   SWKS   Sector   Select   Skyworks   Solutions   Technology   Twitter   approximately   basis   date   down   holdings   large   loss   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year

Friday Sector Laggards: Technology & Communications, Energy | www.EnergyStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.