Financials vs Technology Sector Earnings

Jan 20, 2013 in Earnings

In the last blog post, we showed how S&P 500 earnings were tracking vs past years.  This blog looks at 2 of the major sectors that generate those earnings.

All of the major banks have reported earnings for Q4 and given guidance for 2013, so estimates for those companies are up to date.   Meanwhile, tech companies for the most part will be reporting over the next 2 weeks.   Nevertheless, in the chart below you can see how tech is pulling the overall S&P 500 earnings down while Financials have been a positive influence since Sep 30.

 

Below is a comparison of the recent returns for these 2 key sectors:

 

 

 

Since many XLF components have reported earnings recently, here is a look at the components:

 

 

Note how Goldman Sachs is the leader here.   The largest negative contributor to S&P earnings has been Apple -- having missed the September quarter and analysts have continued to cut estimates since.   Below compares GS to AAPL for a striking difference:

 

Feedback is welcome -- please let us know if you like this kind of detail on key ETF holdings or if you have any comments or questions: Contact Us

Follow us on Follow etfreplay on Twitter

Tags:

Comments (2) -

Jan 24, 2013 14:26 #

Update on AAPL:

http://i.imgur.com/bdK7nbi.png

Chris United States

Jan 28, 2013 22:03 #

Very interesting, simple and clear analysis. Good work!
Keep going with this sort of analysis.
Fab

fabs971 Switzerland

Comments are closed