SP 500 Earnings: Ex-Energy, Ex-Apple, Q2 ’15 Earnings Have Grown +7.6%

Trinity will have the Weekly Earnings Update as usual on Saturday, August 1, 2015, but after talking to Thomson Reuters today, I thought I’d share the following Q2 ’15 earnings data with readers:

  • SP 500 Ex-Energy, Ex Apple: +7.6% 
  • SP 500 Ex-Energy, Ex-Citi: +6.9% 
  • SP 500: Ex-Energy, Ex-Apple, Ex-Citi: +5.7% 

Citi was facing easy comp’s this past Q2 ’15, and Bank of America is facing easy comp’s in 2015 versus 2014, so these two banks are likely inflating the Financial’s expected 2015 earnings growth, as a sector. Given that though, Financials represent a safe place to hide or clip dividends, given the cleansing of that sector the last 6 years.

As the data was being put together late Friday morning, I was watching CNBC’s Fast Money crowd shout at each other over stock market valuation, etc. etc., and a headline came across that said that AAII (American Association of Individual Investors) pessimism is at a 2-year high.

SP 500 earnings growth remains solid at its core, and individual investors have an aversion to stocks today.

(Many thanks to David Aurelio of Thomson Reuters for the SP 500 data.)

More to come tomorrow in the regular Weekly Earnings Update.


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