Thomson Reuters provided some useful earnings data on the SP 500’s Technology sector, so this is an update to this blog post<\/a> of two days ago.<\/p>\n Here is an updated table showing Technology sector’s expected EPS growth, with and without Apple.<\/p>\n
Quarter<\/strong><\/td>\n| Apple EPS Growth<\/strong><\/td>\n | Tech EPS growth<\/strong><\/td>\n | Tech ex-Apple<\/strong><\/td>\n<\/tr>\n | Q2 2016<\/td>\n | -23.2%<\/td>\n | -1.2%<\/td>\n | 6.9%<\/td>\n<\/tr>\n | Q3 2016<\/td>\n | -16.1%<\/td>\n | 3.3%<\/td>\n | 8.5%<\/td>\n<\/tr>\n | Q4 2016<\/td>\n | -5.3%<\/td>\n | 4.7%<\/td>\n | 8.7%<\/td>\n<\/tr>\n | Q1 2017<\/td>\n | 13.0%<\/td>\n | 14.6%<\/td>\n | 15.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | <\/p>\n Source: ThomsonReuters data dated 8\/16\/16<\/p>\n From an investment or portfolio manager standpoint, the Technology sectors earnings growth should outperform the SP 500’s expected earnings growth, and Tech, Ex-Apple, should outperform both the SP 500 and Apple as an individual company.<\/p>\n In addition, Apple’s fiscal ’17 and ’18 EPS and revenue revisions have turned positive – an important sign for relative strength.<\/p>\n For new readers, scan www.fundamentalis.com for Tech and Apple related posts the last 4 weeks.<\/p>\n This end-game for this analysis is that – for those bearish here and expecting a correction in the next 4 – 6 weeks, Technology should offer some relative strength and a sector to hide in for those skittish the tape.<\/p>\n For those with a longer time horizon, as I have for clients, looking through year-end and into the Q1 ’17, which will then lap the very weak Q1 ’16, Technology should offer the potential for out-performance.<\/p>\n These are just opinions, so invest based on your own comfort level and estimates do change daily.<\/p>\n (Long Apple, and overweight Technology as a sector)<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Thomson Reuters provided some useful earnings data on the SP 500’s Technology sector, so this is an update to this…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[90,123],"tags":[],"class_list":["post-6193","post","type-post","status-publish","format-standard","hentry","category-apple-aapl","category-technology"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6193"}],"version-history":[{"count":4,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6193\/revisions"}],"predecessor-version":[{"id":6197,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6193\/revisions\/6197"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |