Monday Sector Leaders: Energy, Technology & Communications

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By Ronald Tech

Looking at the sectors faring best as of midday Monday, shares of Energy companies are outperforming other sectors, higher by 0.7%. Within that group, EQT Corp (Symbol: EQT) and APA Corp (Symbol: APA) are two large stocks leading the way, showing a gain of 3.6% and 2.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.3% on the day, and up 8.69% year-to-date. EQT Corp, meanwhile, is down 15.42% year-to-date, and APA Corp, is down 16.71% year-to-date. Combined, EQT and APA make up approximately 2.2% of the underlying holdings of XLE.

The next best performing sector is the Technology & Communications sector, losing just 0.2%. Among large Technology & Communications stocks, Super Micro Computer Inc (Symbol: SMCI) and NVIDIA Corp (Symbol: NVDA) are the most notable, showing a gain of 6.5% and 4.7%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 0.8% in midday trading, and up 8.01% on a year-to-date basis. Super Micro Computer Inc, meanwhile, is up 90.70% year-to-date, and NVIDIA Corp is up 121.42% year-to-date. Combined, SMCI and NVDA make up approximately 19.7% of the underlying holdings of XLK.

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:

Energy Stock Channel

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

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Sector % Change
Energy +0.7%
Technology & Communications -0.2%
Utilities -0.3%
Services -0.6%
Healthcare -0.7%
Industrial -0.7%
Materials -0.8%
Financial -0.9%
Consumer Products -1.2%

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