Q2 earnings are almost over. The best performing sectors in terms of earnings growth y-o-y are energy and technology. Yearly earnings growth change is 25% respectively 15%.
Full Standard and Poor’s data with actual and estimated earnings growth per each S&P500 sector can be seen here.
As you can see estimates Q3 and Q4 for Energy are set very high. Currently the sector is expected to increase earnings in Q3 by 54% y-o-y and for technology the growth is foreseen 11%.
After recent turnaround with crude oil price it will be not be easy to reach this earnings growth for energy companies. Technology earnings should not be hit and therefore my outlook remains positive. I run my fundamental screener for large cap technology stocks (market cap > 5 b). All stocks listed below have estimated earnings growth higher than 25% for next 5 years.
I also scanned top growing stocks in the S&P500 and the list contains mostly energy stocks.
Related tickers: (BIDU), (FSLR), (VMW), (STP), (RIMM), (PCS), (NIHD), (GOOG), (BRP), (HTX), (WFR), (CHL), (CTSH), (AMX), (JNPR)
