Credit: Shutterstock photoIn a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Pioneer Natural Resources Co (Symbol: PXD) has taken over the #26 spot from Red Hat Inc (Symbol: RHT), according to ETF Channel . Below is a chart of Pioneer Natural Resources Co versus Red Hat Inc plotting their respective rank within the S&P 500 over time (PXD plotted in blue; RHT plotted in green):
Below is a three month price history chart comparing the stock performance of PXD vs. RHT:
According to the ETF Finder at ETF Channel, PXD and RHT collectively make up 1.69% of the Guggenheim S&P 500 Pure Growth ETF ( RPG ) which is trading lower by about 0.2% on the day Monday.
PXD is currently trading down about 2.8%, while RHT is up about 0.2% midday Monday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
