• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Takeaway: A total of 458/500 S&P 500 companies have reported aggregate sales and earnings growth down -2.4% and -8.7% respectively.

Ex-Energy Earnings Still Terrible - oil mlp

A total of 458/500 S&P 500 companies have reported aggregate sales and earnings growth down -2.4% and -8.7% respectively.

Here's the breakdown by sector:

  • So far, 6 of 10 sectors have reported negative sales and earnings growth;
  • Our favorite sector short, Financials (XLF), reported sales and earnings growth down -1.7% and -14.3%;
  • Energy (XLE) sales and earnings growth down -31.6% and -108.7% respectively;

Click image to enlarge

Ex-Energy Earnings Still Terrible - s p earnings 5 17