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Friday’s Sector Leaders: Industry, Technology and Telecommunications

Looking at the best-performing sectors as of Friday noon, industrial stocks outperformed other sectors, down just 1.1%. Within the sector, Generac Holdings Inc (symbol: GNRC) and Alaska Air Group, Inc. (symbol: ALK) are the two big stocks with gains of 1.0% and 0.7% respectively.in Industrial ETFs, and one ETF following the sector is the Industrial Select Sector SPDR ETF (symbol: XLI), which is down 0.9% in a single day and down 6.66% year-to-date. Meanwhile, Generac Holdings Inc. is down 73.33% year-to-date and Alaska Air Group, Inc. is down 15.47% year-to-date. Together, GNRC and ALK constitute approximately 0.4% of XLI’s underlying holdings.

The second best performing sector is Technology & Communications, down just 1.3%. Among the large tech and communications stocks, Adobe Inc (symbol: ADBE) and T-Mobile US Inc (symbol: TMUS) were the most notable, posting gains of 3.2% and 1.0% respectively. One of his ETFs that closely tracks technology & communications stocks is the Technology Select Sector SPDR ETF (XLK). Meanwhile, Adobe Inc is down 40.20% year-to-date and T-Mobile US Inc is up 22.06% year-to-date. ADBE accounts for approximately 2.0% of XLK’s underlying assets.

Comparing these stocks and ETFs on a historical 12-month basis, we see the relative stock performance chart below. Each symbol is displayed in a different color as shown in the legend below.

Here’s a snapshot of how the S&P 500 components within various sectors performed in Friday afternoon trading. As you can see, none of the sectors are up today, but nine are down.

sector % Change
industrial -1.1%
technology and communication -1.3%
material -1.3%
service -1.4%
consumer products -1.6%
Health care -1.8%
Finance -2.0%
utility -2.1%
energy -2.5%

25 Big Dividends Widely Held by ETFs »

See also

TLF average annual return

Top 10 hedge funds holding SHAG

Fund holding FAV

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

https://www.nasdaq.com/articles/friday-sector-leaders:-industrial-technology-communications Friday’s Sector Leaders: Industry, Technology and Telecommunications

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