Tuesday Sector Leaders: Technology & Communications, Consumer Products
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Markets NVDA Tuesday Sector Leaders: Technology & Communications, Consumer Products August 13, 2024 — 02:32 pm EDT Written by BNK Invest for BNK Invest-> Looking at the sectors faring best as of midday Tuesday, shares of Technology & Communications companies are outperforming other sectors, higher by 2.0%. Within that group, NVIDIA Corp (Symbol: NVDA) and Monolithic Power Systems Inc (Symbol: MPWR) are two large stocks leading the way, showing a gain of 5.7% and 5.1%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 2.8% on the day, and up 11.06% year-to-date. NVIDIA Corp, meanwhile, is up 132.79% year-to-date, and Monolithic Power Systems Inc is up 37.74% year-to-date. Combined, NVDA and MPWR make up approximately 20.5% of the underlying holdings of XLK. The next best performing sector is the Consumer Products sector, higher by 1.2%. Among large Consumer Products stocks, Estee Lauder Cos., Inc. (Symbol: EL) and Nike (Symbol: NKE) are the most notable, showing a gain of 6.4% and 5.3%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.5% in midday trading, and up 8.09% on a year-to-date basis.
Estee Lauder Cos., Inc., meanwhile, is down 36.40% year-to-date, and Nike, is down 26.91% year-to-date. 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: 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, eight sectors are up on the day, while one sector is down. Sector% Change Technology & Communications+2.0%Consumer Products+1.2%Services+1.2%Healthcare+1.1%Materials+1.1%Industrial+1.0%Financial+0.5%Utilities+0.4%Energy-1.0% 10 ETFs With Stocks That Insiders Are Buying » Also see: High-Yield Canadian Energy Stocks TMFG Videos ESBF Split History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags MarketsStocks BNK Invest BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally. High-Yield Canadian Energy Stocks-> TMFG Videos-> ESBF Split History-> More articles by this source-> Stocks mentioned NVDA MPWR XLK EL NKE More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.