Stock Market Briefing: S&P 500 Sectors & Industries Forward Profit Margins

Transcription

1 Stock Market Briefing: S&P Sectors & Industries Forward Profit Margins Yardeni Research, Inc. November 21, 21 Dr. Edward Yardeni Joe Abbott Mali Quintana Please visit our sites at www. blog. thinking outside the box

2 Table Of Contents Table Of Contents S&P Forward Profit Margins S&P Sectors Forward Profit Margins 3- Consumer Discretionary - Consumer Staples 7 Energy Financials 9- Health Care 11 Industrials -13 Information Technology 1 Materials 1-1 Telecommunication Services & Utilities 17 November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Margins Yardeni Research, Inc. www.

3 2 1 Figure 1. S&P Sectors Forward Profit Margins CONSUMER DISCRETIONARY Forward Profit Margin Sector (7.) S&P (.7) INDUSTRIALS (9.1) CONSUMER STAPLES INFORMATION TECHNOLOGY 2 2 (.9) (2.2) ENERGY MATERIALS (.3) (.1) FINANCIALS TELECOMMUNICATIONS SERVICES 1 1 (1.7) (11.) HEALTH CARE UTILITIES 9 7 (.) (.7) Page 3 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

4 S&P Sectors Forward Profit Margins Figure 2. CONSUMER DISCRETIONARY (S&P profit margin 1 by sector, percent) 17 Annual Forward* (7.) 1 INDUSTRIALS 1 17 (9.1) CONSUMER STAPLES INFORMATION TECHNOLOGY (.9) (2.2) ENERGY MATERIALS (.3) (.1) FINANCIALS TELECOMMUNICATION SERVICES (1.7) (11.) HEALTH CARE (.) UTILITIES (.7) * Time-weighted average of the consensus estimates for current and next year. Page / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

5 1 Figure 3. Consumer Discretionary S&P FORWARD PROFIT MARGINS: CONSUMER DISCRETIONARY Consumer Discretionary Sector (7.) Advertising (7.) Automobile Manufacturers (.1) Auto Parts & Equipment (9.) Publishing (2.) Figure. S&P FORWARD PROFIT MARGINS: CONSUMER DISCRETIONARY Consumer Discretionary Sector (7.) Casinos & Gaming (.2) Movies & Entertainment (1.) Hotels, Resorts & Cruise Lines (11.1) Restaurants (1.) Page / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

6 Figure. Consumer Discretionary S&P FORWARD PROFIT MARGINS: CONSUMER DISCRETIONARY 2 Consumer Discretionary Sector (7.) Apparel Retail (7.) Department Stores (.) Specialty Stores (.9) Figure. S&P FORWARD PROFIT MARGINS: CONSUMER DISCRETIONARY Consumer Discretionary Sector (7.) Computer & Electronics Retail (2.7) Home Improvement Retail (7.) Homebuilding (7.3) Household Appliances (.) 2 Margins capped at 2% due to extreme values Page / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

7 1 1 Figure 7. Consumer Staples S&P FORWARD PROFIT MARGINS: CONSUMER STAPLES Consumer Staples Sector (.9) Household Products (1.2) Packaged Foods & Meats (.2) Personal Products (7.) Figure. S&P FORWARD PROFIT MARGINS: CONSUMER STAPLES Consumer Staples Sector (.9) Brewers (.7) Drug Retail (3.) Soft Drinks (1.7) Tobacco (29.2) Page 7 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

8 1 Figure 9. S&P FORWARD PROFIT MARGINS: ENERGY Energy Energy Sector (.3) Integrated Oil & Gas (.) Oil & Gas Refining & Marketing (2.) Figure. S&P FORWARD PROFIT MARGINS: ENERGY Energy Sector (.3) Oil & Gas Drilling (-.1) Oil & Gas Equipment & Services (.9) Oil & Gas Exploration & Production (1.7) Page / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

9 3 3 Figure 11. Financials S&P FORWARD PROFIT MARGINS: FINANCIALS Financials Sector (1.7) Consumer Finance (17.) Diversified Banks (21.) Regional Banks (22.1) Figure. S&P FORWARD PROFIT MARGINS: FINANCIALS Financials Sector (1.7) Asset Management & Custody Banks (21.9) Investment Banking & Brokerage(2.2) Specialized Finance (32.) Page 9 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

10 2 Figure 13. Financials S&P FORWARD PROFIT MARGINS: FINANCIALS Financials Sector (1.7) Insurance Brokers (13.7) Life & Health Insurance (9.7) Multi-Line Insurance (9.7) Property & Casaulty Insurance (9.) Page / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

11 3 Figure 1. S&P FORWARD PROFIT MARGINS: HEALTH CARE Health Care Sector (.) Biotechnology (39.) Health Care Equipment (1.7) Managed Health Care (.) Health Care Figure 1. S&P FORWARD PROFIT MARGINS: HEALTH CARE Health Care Sector (.) 1 Health Care Facilities (.) Pharmaceuticals (2.) Health Care Distributors (1.) Page 11 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

12 1 Figure 1. Industrials S&P FORWARD PROFIT MARGINS: INDUSTRIALS 1 Industrials Sector (9.1) Construction Machinery & Heavy Trucks (.3) Industrial Conglomerates (13.2) Industrial Machinery (.) Figure 17. S&P FORWARD PROFIT MARGINS: INDUSTRIALS Industrials Sector (9.1) Aerospace & Defense (7.7) Electrical Components & Equipment (11.) 7 Page / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

13 2 Figure 1. Industrials S&P FORWARD PROFIT MARGINS: INDUSTRIALS Industrials Sector (9.1) Air Freight & Logistics(.) Airlines (.) Railroads (19.) Trucking (.) Page 13 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

14 3 3 Figure 19. Information Technology S&P FORWARD PROFIT MARGINS: INFORMATION TECHNOLOGY Information Technology Sector (2.2) Application Software (17.) Data Processing & Outsourcing (19.9) IT Consulting & Other Services (1.) Systems Software (2.) Figure 2. S&P FORWARD PROFIT MARGINS: INFORMATION TECHNOLOGY Information Technology Sector (2.2) Communications Equipment (21.) Semiconductors (23.3) Semiconductor Equipment (2.) Technology Hardware, Storage & Peripherals (1.) Page 1 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

15 1 Figure 21. Materials S&P FORWARD PROFIT MARGINS: MATERIALS 1 - Materials Sector (.1) Paper Products (.) Steel (.) Figure 22. S&P FORWARD PROFIT MARGINS: MATERIALS Materials Sector (.1) Diversified Chemicals (.3) Fertilizers & Agricultural Chemicals (.) Industrial Gases (1.2) Specialty Chemicals (11.2) Page 1 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

16 3 Figure 23. Materials S&P FORWARD PROFIT MARGINS: MATERIALS Materials Sector (.1) Gold (13.) Metal & Glass Containers (.) Diversified Metals & Mining (7.) Paper Packaging (.) Page 1 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

17 13 Figure 2. Telecommunication Services & Utilities S&P FORWARD PROFIT MARGINS: TELECOMMUNICATION SERVICES Telecommunication Services Sector (11.) Integrated Telecommunication (11.1) Figure 2. S&P FORWARD PROFIT MARGINS: UTILITIES Utilities Sector (.7) Electric Utilities (11.) Gas Utilities (.2) Independent Power Producers & Energy Traders (3.1) Multi-Utilities (11.) Page 17 / November 21, 21 / Stock Market Briefing: S&P Sectors & Industries Forward Profit Yardeni Margins Research, Inc. www.

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