{"id":9177,"date":"2019-07-12T21:40:13","date_gmt":"2019-07-12T21:40:13","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=9177"},"modified":"2019-07-12T21:40:13","modified_gmt":"2019-07-12T21:40:13","slug":"sp-500-earnings-update-financial-sector-starts-reporting-next-week","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=9177","title":{"rendered":"SP 500 Earnings Update: Financial Sector Starts Reporting Next Week"},"content":{"rendered":"<p>About 10% of the SP 500 will report next week, and 24 of those 52 scheduled reports will be Financial companies.<\/p>\n<p>Here is the SP 500 Earnings data by the numbers: (Source: IBES by Refinitiv)<\/p>\n<ul>\n<li><em><strong>Fwd 4-qtr est:<\/strong><\/em>$174.68 vs $174.87 from last week<\/li>\n<li><em><strong>PE ratio:<\/strong><\/em> 17.25x<\/li>\n<li><em><strong>PEG ratio:<\/strong><\/em> 2.45x<\/li>\n<li><em><strong>SP 500\u00a0 earnings yield<\/strong><\/em>: +5.80% vs +5.85% from last week<\/li>\n<li><em><strong>Year-over-yr growth of fwd estimate:<\/strong><\/em>\u00a0+3.8% vs last week&#8217;s 3.95%.<\/li>\n<\/ul>\n<figure id=\"attachment_9179\" aria-describedby=\"caption-attachment-9179\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/?attachment_id=9179\" rel=\"attachment wp-att-9179\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-9179\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/q2q319sectorearnings71219-300x204.png\" alt=\"\" width=\"300\" height=\"204\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/q2q319sectorearnings71219-300x204.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/q2q319sectorearnings71219-768x523.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/q2q319sectorearnings71219.png 821w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-9179\" class=\"wp-caption-text\">click to enlarge<\/figcaption><\/figure>\n<p>Taking a look at the expected sector growth rates for Q2 and Q3 &#8217;19 SP sectors, the Financial sector\u00a0 continues to show the best expected growth within the SP 500 for Q2 &#8217;19 and is only currently exceeded by the Consumer Discretionary sector for Q3 &#8217;19.<\/p>\n<p>Let&#8217;s see what the sector holds next week &#8211; like Rodney Dangerfield Financials are getting no respect.<\/p>\n<p>It&#8217;s a major overweight for clients so naturally I want to do the homework on it.<\/p>\n<figure id=\"attachment_9180\" aria-describedby=\"caption-attachment-9180\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/?attachment_id=9180\" rel=\"attachment wp-att-9180\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-9180\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/SP5002019growth71219-300x112.png\" alt=\"\" width=\"300\" height=\"112\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/SP5002019growth71219-300x112.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/SP5002019growth71219.png 762w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-9180\" class=\"wp-caption-text\">click to enlarge<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Taking a last look at full-year 2019 &#8220;expected&#8221; growth rates, only Health Care and Real Estate are showing fast growth rates today than on April 1. That&#8217;s important too &#8211; in a market and period where revisions are typically downward, watch for sector that have positive (i.e. higher revisions).<\/p>\n<p>Financial&#8217;s and Consumer Discretionary look solid as well.<\/p>\n<p>The earnings deluge starts next week.<\/p>\n<p>Hope you find these insights helpful.<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About 10% of the SP 500 will report next week, and 24 of those 52 scheduled reports will be Financial&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":[91],"tags":[],"class_list":["post-9177","post","type-post","status-publish","format-standard","hentry","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\/9177","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=9177"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/9177\/revisions"}],"predecessor-version":[{"id":9182,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/9177\/revisions\/9182"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}