Quick — which stock sectors have been the best performers over the past month? The information technology sector is not among them.
Most of the FAANG + Microsoft group members have had a fantastic year, even with the declines over the past month:Among these six companies, only Apple Inc. AAPL, +0.12% and Microsoft are in the technology sector, while Facebook Inc. FB, -1.96%, Netflix Inc. NFLX, +1.10% and Alphabet Inc. GOOG, -2.63% GOOGL, -2.10% are in the communications services sector and Amazon.com Inc. AMZN, -1.69% is in the consumer discretionary sector.
Turning back to the materials and industrials sectors, Jefferies analyst Steven DeSanctis wrote in a note to clients on Monday that he was confident about his “overweight” recommendation for both because of improving macroeconomic conditions.
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