Stock Market Briefing: S&P 500 Sectors STEG, LTEG, & PEG

Transcription

1 Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG January 23, 1 Dr. Edward Yardeni eyardeni@ Joe Abbott jabbott@ Please visit our sites at www. blog. thinking outside the box

2 Table Of Contents Table Of Contents S&P Sectors LTEG 3 S&P Sectors STEG 4 S&P Sectors PEG Ratio S&P Consumer Discretionary Consumer Staples Energy 9 Financials Health Care 11 Industrials Information Technology 13 Materials 14 Telecom Services Utilities 1 January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

3 Figure 1. CONSUMER DISCRETIONARY (S&P LTEG* by sector, percent) (.2) S&P Sectors LTEG INDUSTRIALS (.3) CONSUMER STAPLES (.9) INFORMATION TECHNOLOGY (14.) ENERGY 3 (4.) MATERIALS (13.) FINANCIALS (.) TELECOMMUNICATION SERVICES (3.) HEALTH CARE (.) UTILITIES (4.2) * Analysts consensus expected long-term earnings growth rate over the next five years. Page 3 / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

4 Figure 2. CONSUMER DISCRETIONARY (S&P STEG* by sector, percent) (.4) S&P Sectors STEG INDUSTRIALS (13.) CONSUMER STAPLES (9.) INFORMATION TECHNOLOGY (13.1) ENERGY (4.2) MATERIALS (19.1) FINANCIALS (2.) TELECOMMUNICATION SERVICES 3 (4.1) HEALTH CARE UTILITIES (4.) 3 (.) * Analysts consensus expected short-term earnings growth rate over the next 2 weeks. Page 4 / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

5 Figure 3. CONSUMER DISCRETIONARY (1.4) S&P Sectors PEG Ratio INDUSTRIALS (1.) CONSUMER STAPLES INFORMATION TECHNOLOGY (2.) (1.3) ENERGY (.) MATERIALS (1.4) FINANCIALS (.9) Includes Real Estate through September TELECOMMUNICATION SERVICES (3.) HEALTH CARE UTILITIES (3.9) (1.) * Sector s forward P/E divided by sector s consensus projected -year earnings growth rate. Page / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

6 3 3 Figure 4. S&P LTEG & STEG S&P LTEG* (14.3) STEG* (14.) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. 3 Figure. S&P VALUATION 3 2 Forward P/E* (1.) 2 1. PEG Ratio** (1.3) Monthly through December, then weekly. ** P/E relative to consensus -year LTEG forecast. Page / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

7 Figure. Consumer Discretionary S&P CONSUMER DISCRETIONARY LTEG VS STEG STEG capped at % 4 LTEG* (.2) STEG* (.4) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly Figure. S&P CONSUMER DISCRETIONARY VALUATION Forward P/E* (21.) Relative P/E** (1.2) PEG Ratio*** (1.4) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

8 Figure. S&P CONSUMER STAPLES LTEG VS STEG Consumer Staples LTEG* (.9) STEG* (9.) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. 3 2 Figure 9. S&P CONSUMER STAPLES VALUATION 3 2 Forward P/E* (19.) Relative P/E** (1.1) PEG Ratio*** (2.) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

9 Figure. S&P ENERGY LTEG VS STEG Energy LTEG* (4.) STEG* (4.2) STEG capped at % * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. Figure 11. S&P ENERGY VALUATION 4 3 Forward P/E* (24.) Relative P/E** (1.3) PEG Ratio*** (.) Relative P/E capped at 3. PEG capped at ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page 9 / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

10 Figure. S&P FINANCIALS LTEG VS STEG Financials STEG capped at % LTEG* (.) STEG* (2.) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. Figure 13. S&P FINANCIALS VALUATION Forward P/E* (14.2) 2. Relative P/E** (.) PEG Ratio*** (.9) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

11 Figure 14. S&P HEALTH CARE LTEG VS STEG Health Care LTEG* (.) STEG* (.) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. 3 3 Figure. S&P HEALTH CARE VALUATION Forward P/E* (1.2) Relative P/E** (.9) PEG Ratio*** (1.) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page 11 / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

12 2 Figure 1. S&P INDUSTRIALS LTEG VS STEG Industrials 2 LTEG* (.3) STEG* (13.) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. 2 Figure 1. S&P INDUSTRIALS VALUATION 2 Forward P/E* (19.) Relative P/E** (1.1) PEG Ratio*** (1.) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

13 4 Figure 1. S&P INFORMATION TECHNOLOGY LTEG VS STEG LTEG* (14.) STEG* (13.1) Information Technology * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. 4 3 Figure 19. S&P INFORMATION TECHNOLOGY VALUATION Forward P/E* (19.) Relative P/E** (1.1) PEG Ratio*** (1.3) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page 13 / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

14 Figure. S&P MATERIALS LTEG VS STEG Materials STEG capped at % LTEG* (13.) STEG* (19.1) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. 3 Figure 21. S&P MATERIALS VALUATION 3 2 Forward P/E* (1.) Relative P/E** (1.) PEG Ratio*** (1.4) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page 14 / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

15 3 2 Figure 22. Telecom Services S&P TELECOMMUNICATIONS SERVICES LTEG VS STEG LTEG* (3.) STEG* (4.1) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly Figure 23. S&P TELECOMMUNICATION SERVICES VALUATION Forward P/E* (.) Relative P/E** (.) PEG Ratio*** (3.) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

16 Figure 24. S&P UTILITIES LTEG VS STEG Utilities - LTEG* (4.2) STEG* (4.) * STEG: - month (2-week) forward consensus expected earnings growth. LTEG: -year forward consensus expected earnings growth. Monthly data through, then weekly. Figure 2. S&P UTILITIES VALUATION Forward P/E* (1.) Relative P/E** (.9) PEG Ratio*** (3.9) ** Sector or industry forward P/E relative to S&P forward P/E. *** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page 1 / January 23, 1 / Stock Market Briefing: S&P Sectors STEG, LTEG, & PEG www.

17 Copyright (c) 1. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on blog., and YRI s Apps for ipads and iphones are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company s stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed on any product, service, report, or website are proprietary to and constitute valuable intellectual property. No material from any part of blog., and YRI s Apps for ipads and iphones may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of All unauthorized reproduction or other use of material from Yardeni Research, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Yardeni Research, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights. The recipient should check any and any attachments for the presence of viruses. accepts no liability for any damage caused by any virus transmitted by this company s s, website, blog and Apps. Additional information available on request. requests@