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Todd Carlisle
@tcardizzle
As of Friday, about 23% of S&P 500 companies had reported actual results for the third quarter. Of these, 84% topped Wall Street's expectations for earnings per share (EPS). The estimated earnings growth rate for the S&P 500 stood at 32.7%, based on actual results and expectations for companies still yet to report. If maintained through the end of earnings season, it would mark the third-highest earnings growth rate posted for the index since 2010. As a result of these impressive performances each index posted positive gains for the week. Underlying all of these beats were a few companies that demonstrated the wrath the market has ready to unleash for any companies unfortunate enough to miss. $INTC dropped nearly 12% after beating EPS by over 50% but posting a mere 1% revenue miss. $SNAP lost over a quarter of their total market cap after beating EPS by over 100% but missing revenue by just under 3%. This week $GOOG , $AMZN , $AAPL , $FB , and $MSFT are all scheduled to report in the week ahead, with a combined market cap topping $8 trillion. In total, companies comprising more than 43% of the S&P 500’s market cap are expected to report in the coming week. Among these are $GE , $UPS , $CVX , $XOM , $SHOP , $SPOT , $KO , $BA , $CAT , $MMM , $GM and $AMD . If you take a look at the chart posted below you'll see that the consumer discretionary sector has the most attractive mix of current p/e to earnings growth. The retail sector has been hit hard both in the market and in reality by the supply chain/labor issues. If companies in this sector are able to overcome these challenges I would expect them to be rewarded handsomely by the market. Either way this week will go a long way towards dispelling or confirming the perceived negative affects of inflation, labor shortages, and supply chain issues. Whatever your market outlook there's something for you this week! Good luck everyone! #tcardizzle #earnings #analysis Interested in real time analysis and discussion join our discord community at https://discord.gg/emntYaQkDu
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