{"id":6682,"date":"2017-02-11T22:00:10","date_gmt":"2017-02-11T22:00:10","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=6682"},"modified":"2017-02-11T22:00:10","modified_gmt":"2017-02-11T22:00:10","slug":"sp-500-weekly-earnings-update-tech-and-growth-are-leading-in-17","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=6682","title":{"rendered":"SP 500 Weekly Earnings Update: Tech and Growth are leading in &#8217;17"},"content":{"rendered":"<p><em><strong>Thomson Reuters I\/B\/E\/S data (by the numbers):<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Forward 4-quarter estimate:<\/strong><\/em> $131.50 vs last week&#8217;s $131.95<\/li>\n<li><em><strong>P.E ratio:<\/strong><\/em>17.6(x)<\/li>\n<li><em><strong>PEG ratio:<\/strong><\/em> 2.24(x)<\/li>\n<li><em><strong>SP 500 earnings yield:<\/strong><\/em> 5.68%<\/li>\n<li><em><strong>Year-over-year growth of the forward estimate:<\/strong><\/em> 7.88% vs last week&#8217;s 7.71% and still shy of recent high of 8%<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/p>\n<p>SP 500 sectors ranked by year-over-year earnings and revenue growth: (Source Thomson Reuters I\/B\/E\/S)<\/p>\n<p><em><strong>Q4 &#8217;16 SP 500 earnings Growth:\u00a0<\/strong><\/em><\/p>\n<ul>\n<li>Financials: +20.9%<\/li>\n<li>Technology: +10.9%<\/li>\n<li>Utilities: +10.8%<\/li>\n<li>Basic Materials: +8.0%<\/li>\n<li>Cons Staples: +7.0%<\/li>\n<li>Health Care: +7.0%<\/li>\n<li>Cons Discr: +3.3%<\/li>\n<li>Real Estate: +0.7%<\/li>\n<li>Energy: -0.7%<\/li>\n<li>Industrials: -1.3%<\/li>\n<li>Telecom: -1.5%<\/li>\n<\/ul>\n<p>SP 500: +8.4%<\/p>\n<p><em><strong>Q4 &#8217;16 Revenue Growth:\u00a0<\/strong><\/em><\/p>\n<ul>\n<li>Utilities: +15.4%<\/li>\n<li>Technology: +6.8%<\/li>\n<li>Cons Discr: +5.6%<\/li>\n<li>Health Care: +5.5%<\/li>\n<li>Basic Materials: +4.2%<\/li>\n<li>Financials: +3.3%<\/li>\n<li>Real estate: +3.3%<\/li>\n<li>Cons Spls: +3.0%<\/li>\n<li>Energy: +2.7%<\/li>\n<li>Industrial&#8217;s: +1.4%<\/li>\n<li>Telco: -1.6%<\/li>\n<\/ul>\n<p>SP 500: +4.4%<\/p>\n<p><em><strong>Analysis \/ conclusion:<\/strong><\/em> Technology has been the best performing sector YTD, up roughly 7% as of Friday morning, February 10th, usurping Basic Materials lead at the end of January &#8217;17, which was the best performing sector for the month. In 2016, small-cap and value were the best performing sectors, while large-cap and growth have reasserted their respective leadership positions in 2017. There was a big discrepancy in index performance in 2016 as the Russell 2000 returned over 21%, while the Nasdaq and Nasdaq 100 each returned 7.5% and 5.89% respectively.<\/p>\n<p>At year-end 2015, <a href=\"https:\/\/fundamentalis.com\/?p=6564\">this was posted to this blog<\/a>, just for readers edification.<\/p>\n<p>Given the top weightings in the SP 500, with Technology stocks being 4 of the 5 top weightings by market cap, the SP 500, and Technology are still tied at the hip (or the smartphone) so to speak.<\/p>\n<p><em><strong>SP 500 Top 5 components by market cap:<\/strong><\/em><\/p>\n<ol>\n<li>Apple: 3.5%<\/li>\n<li>Microsoft: 2.5%<\/li>\n<li>Exxon: 1.7%<\/li>\n<li>Amazon: 1.6%<\/li>\n<li>Facebook: 1.6%<\/li>\n<\/ol>\n<p>Tech is back, for now anyways, after a dismal year last year. We wrote <a href=\"https:\/\/fundamentalis.com\/?p=6511\">this<\/a> in early December &#8217;16, as Tech badly lagged the &#8220;election rally&#8221;.<\/p>\n<p>Thanks for reading,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thomson Reuters I\/B\/E\/S data (by the numbers): Forward 4-quarter estimate: $131.50 vs last week&#8217;s $131.95 P.E ratio:17.6(x) PEG ratio: 2.24(x)&hellip;<\/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":[142,123,91],"tags":[],"class_list":["post-6682","post","type-post","status-publish","format-standard","hentry","category-style-analysis","category-technology","category-weekly-earnings-update"],"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\/6682","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=6682"}],"version-history":[{"count":10,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6682\/revisions"}],"predecessor-version":[{"id":6692,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/6682\/revisions\/6692"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}