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Tuesday Sector Laggards: Energy, Materials

By Metals Channel Staff, Tuesday, January 16, 2:32 PM ET
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The worst performing sector as of midday Tuesday is the Energy sector, showing a 2.0% loss. Within that group, EQT Corp (NYSE:EQT) and APA Corp (NASDAQ:APA) are two of the day's laggards, showing a loss of 3.4% and 3.2%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 2.1% on the day, and down 3.44% year-to-date. EQT Corp, meanwhile, is down 5.46% year-to-date, and APA Corp, is down 12.22% year-to-date. Combined, EQT and APA make up approximately 1.7% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 1.4% loss. Among large Materials stocks, Freeport-McMoran Copper & Gold (NYSE:FCX) and Newmont Corp (NYSE:NEM) are the most notable, showing a loss of 4.8% and 3.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.2% in midday trading, and down 3.66% on a year-to-date basis. Freeport-McMoran Copper & Gold, meanwhile, is down 8.12% year-to-date, and Newmont Corp, is down 12.60% year-to-date. Combined, FCX and NEM make up approximately 10.3% 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 Market Game

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

Sector% Change
Services-0.4%
Utilities-0.5%
Technology & Communications-0.5%
Financial-0.7%
Healthcare-0.8%
Consumer Products-1.0%
Industrial-1.0%
Materials-1.4%
Energy-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   Materials   McMoran   NYSE   Newmont   Products   SPDR   Sector   Select   Services   Start   Stocks   Tuesday   approximately   basis   date   down   holdings   loss   make   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year

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