Three sectors are expected to drive S&P earnings through 2021: Sector Watch

Market Watch2021-08-23

Earnings for S&P 500 companies have been a key driver for buillish Wall Street calls on stocks. Comparing the benchmark index to its pre-pandemic performance in 2019, earnings are up about 20%, with ...

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Skyyyyyyyy
2021-08-23
Skyyyyyyyy
nice

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Health Care Select Sector SPDR Fund (NYSEARCA: XLV) is seen up 50% and The Communication Services Select Sector SPDR Fund (NYSEARCA: XLC) up 40%.\nEnergy Select Sector SPDR Fund (NYSEARCA: XLE) and Materials Select Sector SPDR Fund (NYSEARCA: XLB) are predicted to be up 80% to 90%, but they have a much smaller impact on the overall index.\n\n\n\nConsumer Discretionary Select Sector SPDR Fund (NYSEARCA: XLY), Financial Select Sector SPDR Fund (NYSEARCA: XLF), Industrial Select Sector SPDR Fund (NYSEARCA: XLI), Utilities Select Sector SPDR Fund (NYSEARCA: XLU), Consumer Staples Select Sector SPDR Fund (NYSEARCA: XLP)and Real Estate (XLE) will be within 10% of 2019's performance.\n\"It’s not that the entire S&P 500 is making more in 2H 2021 than 2H 2019,\" DataTrek writes. \"Rather, it is that Tech (plus Google and Facebook) and Health Care, with a little help from Energy and Materials, is making substantially higher net profits than pre-pandemic. Six of the S&P’s 11 sectors are not expected to show any 2H 2019-2021 earnings growth.\"\n\"We continue to like large cap Tech, Health Care and Energy, 3 of the 4 groups helping to power overall S&P profit growth.\"\nThis past week, SA contributor Fed Piard published his healthcare dashboard that examines the top holdings of XLV and lists cheap stocks.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":835839570,"gmtCreate":1629701415890,"gmtModify":1676530104134,"author":{"id":"3559615530448068","authorId":"3559615530448068","name":"Skyyyyyyyy","avatar":"https://static.tigerbbs.com/8012dce89019095bbdf1391137a442e2","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3559615530448068","authorIdStr":"3559615530448068"},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/835839570","repostId":1189871316,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":16,"commentSize":1,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1189871316"}