Interesting breakdown of SPX Earnings by Sector, via Zacks.

My key takeaway is Energy, Utilities and Materials showed alot of strength, while Financials and Consumer were particularly weak. Note that Telecom and Industrials were surprisingly strong. In terms of Revenue and Earnings gains, however, Energy was the best game in town.

What does this mean? Energy being up is hardly a good thing — it has a tendency to suck all the air out of the room; Two other points: Consumer staples and discretionary were at the bottom of the heap (we’ve addressed this previously).

Lastly, its hard to imagine any rally  having much legs — measured in months, not quarters — with Financials doing so poorly.

2Q 2005 SECTOR SCORECARD  S&P 500

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Sector EPS Growth Sales Growth Total Reported % Reported
Energy 51% 27% 29 29 100%
Industrials 28% 13% 54 53 98%
Materials 24% 7% 33 33 100%
Telecom Services 23% 2% 10 10 100%
Utilities 20% 7% 33 32 97%
Health Care 14% 12% 55 55 100%
Technology 11% 7% 78 78 100%
Financials 8% 12% 83 81 98%
Consumer Staples 6% 7% 37 35 95%
Consumer Discretionary 5% 6% 88 86 98%
Total 14% 10% 500 492 98%

(Note: EPS and sales growth compare current quarterly results vs. prior year ago quarter)

Source: Zacks

Category: Earnings

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Q2 SPX Earnings by Sector”

  1. Ironman says:

    Barry,

    Attempted to trackback, but “Pinging http://www.typepad.com/t/trackback/3207051… Malformed response: (Target does not appear to be a valid trackback URL).”

    Here’s the trackback text:

    Is earnings growth in the Energy Sector really “sucking all the air out of the room” as Barry Ritholtz suggests? Political Calculations notes that it’s all in how you look at it.