{"id":7673,"date":"2018-04-08T23:09:55","date_gmt":"2018-04-08T23:09:55","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=7673"},"modified":"2018-04-08T23:09:55","modified_gmt":"2018-04-08T23:09:55","slug":"sector-p-e-data-might-be-worth-a-look","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=7673","title":{"rendered":"Sector P.E Data – Might Be Worth A Look"},"content":{"rendered":"
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Click to enhance<\/figcaption><\/figure>\n

 <\/p>\n

A reader asked about Sector P.Es a few weeks ago – haven’t updated the above spreadsheet in a few years:<\/p>\n

    \n
  • Financials – big jump in earnings growth rate, but i do think a lot of that is Berkshire’s gain. Berkshire is now the 5th largest holding in the SP 500 by market cap.<\/li>\n
  • Energy still shocks me – the growth rate has been through the roof the last two years and the sector has gone nowhere, no doubt due to Exxon’s and Chevron’s percentage of the sector.<\/li>\n
  • Technology should be fine in Q1 ’18, but a lot of the big cash repatriation should already be in the numbers.<\/li>\n<\/ul>\n

    Don’t ignore the sector as a percentage of the SP 500 market cap either: remember, Technology, Financials, Health Care and Consumer Discretionary (which is really being powered by Amazon and Netflix) is 67% of the entire SP 500’s market cap. Tech, Financials and Health Care is is 54%.<\/p>\n

    When earnings start, focusing on the companies that are executing – the big buyback programs DON’T seem to be driving stock prices unless revenue and execution are present.<\/p>\n

    Out this week with more on this.<\/p>\n

    Thanks for reading.<\/p>\n","protected":false},"excerpt":{"rendered":"

      A reader asked about Sector P.Es a few weeks ago – haven’t updated the above spreadsheet in a few…<\/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":[98],"tags":[],"class_list":["post-7673","post","type-post","status-publish","format-standard","hentry","category-sector-earnings-growth-estimates"],"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\/7673","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=7673"}],"version-history":[{"count":1,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7673\/revisions"}],"predecessor-version":[{"id":7675,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7673\/revisions\/7675"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}