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03 June
Monday Sector Leaders: Healthcare, Services

Looking at the sectors faring best as of midday Monday, shares of Healthcare companies are outperforming other sectors, up 0.2%. Within the sector, Teleflex Incorporated (Symbol: TFX) and Insulet Corp (Symbol: PODD) are two large stocks leading the way, showing a gain of 3.0% and 2.8%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.4% on the day, and up 6.17% year-to-date. Teleflex Incorporated, meanwhile, is down 13.40% year-to-date, and Insulet Corp, is down 16.09% year-to-date. Combined, TFX and PODD make up approximately 0.4% of the underlying holdings of XLV.

The next best performing sector is the Services sector, losing just 0.2%. Among large Services stocks, Paramount Global (Symbol: PARA) and Carnival Corp (Symbol: CCL) are the most notable, showing a gain of 8.5% and 3.6%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 0.4% in midday trading, and up 4.41% on a year-to-date basis. Paramount Global, meanwhile, is down 12.27% year-to-date, and Carnival Corp, is down 15.75% year-to-date. Combined, PARA and CCL make up approximately 0.4% of the underlying holdings of IYC.

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 Monday. As you can see, one sector is up on the day, while eight sectors are down.

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