“Upward-Revised Stocks Just Before the Earnings Season” Surprisingly, there are many stocks other than tech stocks?! Another reason why stock prices are currently strong?
The US financial results season is finally starting. This time,Stocks whose earnings forecasts were revised upward by analysts just before the earnings release seasonI've listed it up. Stocks on the list have good earnings forecastsSurprisingly, stocks belonging to “plain” industries stood out more than tech stocks. In the meantime,There are also many stocks whose stock prices are currently strong. The base for buying has expanded,The fact that signs of sector rotation have come out is also thought to be the background。
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There are many stocks with a high upward correction rate of expected EPS, and surprisingly, there are many “plain” stocks
The US financial results season is finally starting. In this period just before financial results are announced, there is a strong tendency for analysts to make final adjustments to corporate performance forecasts. This is to reflect the latest information since the last announcement of financial results in earnings forecasts. This time, using Bloomberg dataI tried extracting stocks with upward revisions in performance。
The US financial results season is finally starting. In this period just before financial results are announced, there is a strong tendency for analysts to make final adjustments to corporate performance forecasts. This is to reflect the latest information since the last announcement of financial results in earnings forecasts. This time, using Bloomberg dataI tried extracting stocks with upward revisions in performance。
Screening conditionsare as follows.
1) Constituent stocks of the Dow Jones Industrial Average, the S&P 500 Index, the Nasdaq 100 Index, and the Philadelphia Semiconductor Stock Price Index (SOX Index)
2)Year-to-date stock depreciation rate of 10% or less
(Because stocks have continued to rise since the beginning of the year, it is thought that stocks that have fallen drastically may have some cause)
3)The upward revision rate for the current quarter EPS forecast for the past month is 3% or more
4)The upward revision rate of the target stock price over the past month was 0% or more
1) Constituent stocks of the Dow Jones Industrial Average, the S&P 500 Index, the Nasdaq 100 Index, and the Philadelphia Semiconductor Stock Price Index (SOX Index)
2)Year-to-date stock depreciation rate of 10% or less
(Because stocks have continued to rise since the beginning of the year, it is thought that stocks that have fallen drastically may have some cause)
3)The upward revision rate for the current quarter EPS forecast for the past month is 3% or more
4)The upward revision rate of the target stock price over the past month was 0% or more
The total number of stocks that met the above conditions was 25 stocks.Stock listWhen I checked,The ratio of specific industries is highIt turns out that. What is a good earnings outlookFrom tech stocksSurprisingly, low-key industries came in at the top. SpecificallyFinance and public welfare, energy and materialsIt has become. Tech stocks such as communication services and information technology have sunk to the bottom.
★ Factors that have more finance, public welfare, energy, and materials than tech stocks
The following two factors can be considered as the main factors.
1) In the case of tech stocks, there is a relatively large flow of news, so there is a high possibility that analysts revised earnings forecasts each time
2) In finance, public welfare, energy and materials,Positive materials leading to performance revisions have come out
The following two factors can be considered as the main factors.
1) In the case of tech stocks, there is a relatively large flow of news, so there is a high possibility that analysts revised earnings forecasts each time
2) In finance, public welfare, energy and materials,Positive materials leading to performance revisions have come out
Let's check the details of each for 2).
① Finance: There are many REITs
In the case of finance, real estate investment trusts (REITs), or more specifically, REITs incorporating properties other than commercial use into portfolios stood out. For instance, $Camden Property Trust(CPT.US$ Ya $Essex Property Trust Inc(ESS.US$ 、 $Host Hotels & Resorts(HST.US$ that's it.
In the case of finance, real estate investment trusts (REITs), or more specifically, REITs incorporating properties other than commercial use into portfolios stood out. For instance, $Camden Property Trust(CPT.US$ Ya $Essex Property Trust Inc(ESS.US$ 、 $Host Hotels & Resorts(HST.US$ that's it.
most recentlyNotable materials surrounding REITsIt's out. Of the world's leading investment companies $Blackstone(BX.US$Will own a rental apartment on 4/8 $Apartment Income(AIRC.US$Plans to acquire it for approximately 10 billion dollars were announced. According to the Bloomberg article, Blackstone President John Gray told investors that “the value of real estate is bottoming out.”“Real estate value bottoming out” forecastThere is a possibility that analysts made performance revisions to reflect it.
② Public interest: electricity stocks
In the case of public interest, $Pinnacle West Capital Corp(PNW.US$ and $Constellation Energy(CEG.US$ 、 $Entergy(ETR.US$Electric power stocks stand out, etc. In fact, although it is not a public utility sector, the sales composition ratio of the electric power business is relatively high among the stocks included in the list this time $GE Aerospace(GE.US$ It's also in.
In the case of public interest, $Pinnacle West Capital Corp(PNW.US$ and $Constellation Energy(CEG.US$ 、 $Entergy(ETR.US$Electric power stocks stand out, etc. In fact, although it is not a public utility sector, the sales composition ratio of the electric power business is relatively high among the stocks included in the list this time $GE Aerospace(GE.US$ It's also in.
Electric power stocksAs forDemand for electricity for data sensors is expected to increase due to the AI boomThere were many analysts who pointed that out. GE would also benefit from that, and there were analysts who raised target stock prices. About the company $Boeing(BA.US$Tailwinds from the “737MAX” issue and spin-offs of subsidiaries also seem to be supporting stock prices.
② Energy and materials: oil, gold, copper related stocks
Recently, regarding resource-related stocks of energy and materials,High resources (updated high prices of crude oil and high prices of gold and copper prices)The news flow surrounding it is increasing. In response to that, in the table above $Marathon Petroleum(MPC.US$ Ya $Hess Corp(HES.US$ 、 $Valero Energy(VLO.US$Crude oil-related stocks, gold production stocks, etc. $Newmont(NEM.US$ The stock price is strong.High resourcesAs a common factor,Tight supply and demand and a pick-up in business confidenceThey can be mentioned.goldIfDeep-seated inflation and rising geopolitical riskshas been cited as a factor.
Recently, regarding resource-related stocks of energy and materials,High resources (updated high prices of crude oil and high prices of gold and copper prices)The news flow surrounding it is increasing. In response to that, in the table above $Marathon Petroleum(MPC.US$ Ya $Hess Corp(HES.US$ 、 $Valero Energy(VLO.US$Crude oil-related stocks, gold production stocks, etc. $Newmont(NEM.US$ The stock price is strong.High resourcesAs a common factor,Tight supply and demand and a pick-up in business confidenceThey can be mentioned.goldIfDeep-seated inflation and rising geopolitical riskshas been cited as a factor.
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As shown in the 3 tables above (far right side of the table), stocks whose earnings forecasts have been revised upwardStock prices are also generally strongThat's it.It's been solid even after the beginning of AprilThere are also many stocks that are moving. Actually,Compare gain/fall rates by industry for January-March and April (month-to-date)When I tried it,The buying base is expanding from tech stocksIt is also observed.There are also signs of sector rotationThere seems to be one.
Inflation concernsWhile it is deeply rooted,The start of interest rate cuts is expected to be delayedOther than that, from the main economic indicatorsThe strength of the US economySince it is shown,Funds are flowing to economy-sensitive stocks that lag behind tech stocksIt's possible. like thisIf the trend continues, review purchases may also continue. Individual stocks tend to have large stock price fluctuations, so finallyGold/ Copper/ Crude Oil ETFI decided to list each (BK2071, an electric power stock ETF, is not yet a handling stock). respectively, $Gold ETF(BK21038.US$ 、 $Copper(BK2510.US$ 、 $Oil ETF(BK20833.HK$ It has become.
★★★Also, starting this weekendEntering fiscal seasonI will.Earnings calendarisMoomoo - Earnings CalendarYou can check it out at If you click on the ticker part of an individual stock, you will also be directed to the information page for that stock.I hope you can make use of it。★★★
Created April 10, 2024 Market Analyst Amelia
Source: Created by Moomoo Securities based on Bloomberg and various materials
Source: Created by Moomoo Securities based on Bloomberg and various materials
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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