Q2 Earnings Preview: It’s Up to Energy
A look at earnings expectations for the second quarter of 2022, broken down by Sector SPDR ETF.
Why Stocks Can Cope with Higher Rates
Stocks are down dramatically so far this month, and major index-tracking ETFs such as the S&P 500 SPDR (SPY) and SPDR Dow Jones Industrial Average (DIA) dipped into correction territory, traditionally defined as a decline of 10% or more from the recent highs. The culprit is the recent spike in interest rates. Ten-year US Treasuries have risen…
Insurers Drag Down Q3 S&P 500 Profits
With less than 20% of S&P 500 firms having reported 3Q17 results, it is still early in earnings season. However, by blending results from companies that have reported with the latest consensus estimates for firms that have yet to report we can get a broad idea of how overall index profits are likely to shape…
New Heights: 2Q17 Results by Sector
Second quarter reports are shaping up surprisingly strong, and are at least partly to thank for the recent string of new market highs. With nearly half of S&P 500 constituents having reported second quarter 2017 results (and using consensus estimates for the remainder) it looks as if overall index earnings grew more than 10% year-on-year,…
Energy Powers Q1 S&P Earnings Growth
Energy is likely to have been the biggest contributor to overall S&P 500 (SPY, IVV) earnings growth in Q1, the first time that sector has made any significant contribution since the downturn in oil prices several years ago. That’s one of several bright spots in our analysis of earnings expectations as Q1 reporting season gets…
Financials Drive Q4 Earnings Growth
It’s still early in reporting season, but early results indicate that Financials were likely the largest single contributor to S&P 500 earnings growth during the fourth quarter of 2016. With only about 10% of S&P 500 firms having reports results—and using consensus expectations for the remaining 90%—we calculate that overall index earnings likely grew by about…