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Tuesday Sector Laggards: Technology & Communications, Energy

By Preferred Stock Channel Staff, Tuesday, February 27, 2:36 PM ET

The worst performing sector as of midday Tuesday is the Technology & Communications sector, showing a 0.1% loss. Within that group, SBA Communications Corp (NASDAQ:SBAC) and Electronic Arts, Inc. (NASDAQ:EA) are two large stocks that are lagging, showing a loss of 4.6% and 2.6%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is down 0.3% on the day, and up 6.44% year-to-date. SBA Communications Corp, meanwhile, is down 21.88% year-to-date, and Electronic Arts, Inc. is up 1.40% year-to-date.

The next worst performing sector is the Energy sector, not showing much of a gain. Among large Energy stocks, Hess Corp (NYSE:HES) and Chevron Corporation (NYSE:CVX) are the most notable, showing a loss of 3.2% and 1.9%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.3% in midday trading, and up 2.56% on a year-to-date basis. Hess Corp, meanwhile, is up 0.72% year-to-date, and Chevron Corporation is up 2.66% year-to-date. Combined, HES and CVX make up approximately 20.1% 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:

Yield Charts

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 one sector is down.

Sector% Change
Utilities+1.3%
Services+0.7%
Materials+0.6%
Financial+0.4%
Consumer Products+0.2%
Healthcare+0.1%
Industrial+0.1%
Energy0.0%
Technology & Communications-0.1%


This Article's Word Cloud:   Among   Arts   Buying   Change   Chevron   Combined   Communications   Comparing   Consumer   Corp   Corporation   ETFs   Electronic   Energy   Financial   Healthcare   Here   Hess   Industrial   Insiders   Materials   NYSE   Products   SBAC   SPDR   Sector   Select   Services   Start   Stocks   Technology   Tuesday   basis   date   down   large   loss   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   that   trading   which   worst   year

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