A Brief Update On Earnings Season & Sector Performance

Takeaway: As Macy's (M) & Disney (DIS) missed earnings numbers and shares implode this morning, here's a critical update on earnings season.

A Brief Update On Earnings Season & Sector Performance - Earnings cartoon 11.03.2015

 

A grand total of 446 of 500 S&P 500 companies have reported earnings, aggregate sales and earnings growth is down -2.4% and -8.5% respectively.

 

A few callouts:

 

  • 6 of 10 sectors have reported negative sales and earnings growth;
  • Energy leads the laggards, with sales and earnings plummeting -31.6% and -108.7% respectively;
  • Financials & Materials earnings growth is down -14.3% and -15.1% respectively;

 

A Brief Update On Earnings Season & Sector Performance - earnings season 5 11

 

Meanwhile, looking at sector Performance:

 

  • Our Macro team's favorite long sector of 2016, Utilities (XLU), continues to outperform, 13.1%;
  • Our favorite short, Financials (XLF), is down -2.3% and is the second worst performing sector;
  • Other callouts: Healthcare (XLV) is having a rough 2016 and Energy (XLE), which had a rough start to the year, is the second best performing sector. 

 

A Brief Update On Earnings Season & Sector Performance - sector performance 5 11