{"id":8679,"date":"2019-02-08T20:51:04","date_gmt":"2019-02-08T20:51:04","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=8679"},"modified":"2019-02-08T20:51:04","modified_gmt":"2019-02-08T20:51:04","slug":"how-has-expected-2019-sp-500-earnings-growth-changed","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=8679","title":{"rendered":"How Has Expected 2019 SP 500 Earnings Growth Changed ?"},"content":{"rendered":"<p><a href=\"https:\/\/fundamentalis.com\/?attachment_id=8680\" rel=\"attachment wp-att-8680\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-8680\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/sp500eps2019-300x90.png\" alt=\"\" width=\"300\" height=\"90\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/sp500eps2019-300x90.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/sp500eps2019-768x230.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/sp500eps2019.png 940w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Source: I\/B\/E\/S by Refinitiv\u00a0<\/a><\/p>\n<p>Energy and Basic Materials, as well as Technology &#8211; led by Apple &#8211; have been the biggest drag on expected, full-year, 2019 earnings growth for the SP 500.<\/p>\n<p>Energy is the biggest drag, falling from an expected 26% growth rate on October 1 &#8217;18 to today&#8217;s 8.5% decline. (clients have not owned any Energy for years, ever since the bounce failed to materialize in the sector following the Q1 &#8217;16 bottom. Energy&#8217;s market cap as a percentage of the SP 500 has fallen from 14% &#8211; 15% in mid-2014 to just 5% &#8211; 6% today. The sector is becoming less important to the benchmark over time, and for good reason.)<\/p>\n<p>Surprisingly, the Financial sector&#8217;s expected full-year earnings growth looks surprisingly stable for the calendar year. Clients remain overweight Financials as they did in &#8217;18.<\/p>\n<p>More detail coming over the weekend.<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: I\/B\/E\/S by Refinitiv\u00a0 Energy and Basic Materials, as well as Technology &#8211; led by Apple &#8211; have been the&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":[97,171,123],"tags":[],"class_list":["post-8679","post","type-post","status-publish","format-standard","hentry","category-basic-materials","category-energy-etfs-xle","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\/8679","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=8679"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8679\/revisions"}],"predecessor-version":[{"id":8683,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/8679\/revisions\/8683"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}