The Xchange Blog

Earnings Watch Q2 2017

Banks Lead Earnings Season

Earnings reports are trickling in. So far, so good – ish. JPMorgan and Citigroup both beat earnings solidly. Wells Fargo was also ahead of estimates, however it was short on revenue forecasts. That was enough to turn all three big bank stocks into retreat last Friday (7/14/17). Bank stocks were negatively affected by the downturn in treasury yields in the spring, but they rallied in June on the reversal of those yields. Still, clouds may loom on the horizon. Capital markets activity has been weak due to low volatility, as lower treasury yields eat into margins, along with growth in loan portfolios starting to decelerate.

Earnings reports can have a critical impact on stocks. They not only reveal how well companies have performed in the last quarter, but also provide traders with an idea of the latest trends in consumer behavior and the strength of the economy. Most importantly they reveal company guidance and update earnings estimates that may help traders as we round the corner into the second half of the year.

Overall, for the rest of earnings season, traders are keen for stocks to continuing the momentum that started in Q1, one of the best quarters in two years.

 

Quarterly Earnings Calendar

(As of 6/30/2017)

 Russell 1000 Financial Services Index (RGUSFLA)                  Russell 2000® Index (RU20INTR)   
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
Berkshire Hathaway Inc BRK/B UN 6.77% 8/4/2017 Advanced Micro Devices Inc AMD UR 0.32% 7/20/2017
JPMorgan Chase & Co JPM UN 6.25% 7/14/2017 Microsemi Corp MSCC UW 0.29% 7/27/2017
Wells Fargo & Co WFC UN 5.26% 7/14/2017 Curtiss-Wright Corp CW UN 0.24% 7/26/2017
Bank of America Corp BAC UN 4.31% 7/18/2017 Aspen Technology Inc AZPN UW 0.23% 8/10/2017
Visa Inc V UN 3.87% 7/20/2017 DANAHER CORP DHR US 0.23% 7/20/2017
Citigroup Inc C UN 3.63% 7/14/2017 IDACORP Inc IDA UN 0.23% 7/27/2017
Mastercard Inc MA UN 2.47% 7/28/2017 Gramercy Property Trust GPT UN 0.23% 8/3/2017
US Bancorp USB UN 1.80% 7/19/2017 Take-Two Interactive Software Inc TTWO UW 0.23% 8/3/2017
Goldman Sachs Group Inc/The GS UN 1.70% 7/18/2017 Portland General Electric Co POR UN 0.23% 7/28/2017
American International Group Inc AIG UN 1.69% 8/2/2017 Prosperity Bancshares Inc PB UN 0.23% 7/26/2017

Related Funds:

Related Funds:

 

 S&P 500® Index (SPXT)                   Energy Select Sector Index (IXETR)   
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
Apple Inc AAPL UW 3.35% 8/01/2017 Exxon Mobil Corp XOM UN 17.58% 7/28/2017
Microsoft Corp MSFT UW 2.54% 7/20/2017 Chevron Corp CVX UN 13.92% 7/28/2017
Exxon Mobil Corp XOM UN 1.95% 7/28/2017 Schlumberger Ltd SLB UN 8.35% 7/21/2017
Amazon.com Inc AMZN UW 1.75% 7/27/2017 Pioneer Natural Resources Co PXD UN 5.08% 8/1/2017
Johnson & Johnson JNJ UN 1.72% 7/18/2017 EOG Resources Inc EOG UN 4.45% 8/3/2017
Facebook Inc FB UW 1.63% 8/2/2017 Occidental Petroleum Corp OXY UN 3.56% 8/1/2017
Berkshire Hathaway Inc BRK/B UN 1.49% 8/4/2017 Halliburton Co HAL UN 3.54% 7/24/2017
General Electric Co GE UN 1.39% 7/21/2017 ConocoPhillips COP UN 2.91% 7/27/2017
JPMorgan Chase & Co JPM UN 1.36% 7/14/2017 Kinder Morgan Inc/DE KMI UN 2.91% 7/19/2017
Alphabet Inc GOOGL UW 1.31% 7/27/2017 ENBRIDGE INC ENB CN 2.91% 7/28/2017

Related Funds:

Related Funds:

 

 Health Care Select Sector Index (IXVTR)                   Technology Select Sector Index (IXTTR)   
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
Johnson & Johnson JNJ UN 11.93% 7/18/2017 Apple Inc AAPL UW 13.87% 7/25/2017
Pfizer Inc PFE UN 7.42% 8/1/2017 Microsoft Corp MSFT UW 10.53% 7/18/2017
Merck & Co Inc MRK UN 6.39% 7/28/2017 Facebook Inc FB UW 6.78% 8/2/2017
UnitedHealth Group Inc UNH UN 5.14% 7/18/2017 Alphabet Inc GOOGL UW 5.42% 7/27/2017
Amgen Inc AMGN UW 4.53% 7/27/2017 Alphabet Inc GOOG UW 5.29% 7/27/2017
Medtronic PLC MDT UN 4.24% 8/22/2017 AT&T Inc T UN 5.05% 7/25/2017
AbbVie Inc ABBV UN 3.77% 7/28/2017 Intel Corp INTC UW 3.72% 7/27/2017
Gilead Sciences Inc GILD UW 3.77% 8/1/2017 Verizon Communications Inc VZ UN 3.68% 7/27/2017
Allergan PLC AGN UN 3.49% 8/2/2017 Visa Inc V UN 3.49% 7/20/2017
Bristol-Myers Squibb Co BMY UN 3.29% 7/28/2017 Cisco Systems Inc CSCO UW 3.45% 8/16/2017

Related Funds:

Related Funds:

 

 S&P Biotechnology Select Industry Index (SPSIBITR)                  PHLX Semiconductor Sector Index (XSOX)   
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
Sarepta Therapeutics Inc SRPT UW 3.94% 7/27/2017 QUALCOMM Inc QCOM UW 8.64% 7/19/2017
TESARO Inc TSRO UW 3.39% 8/3/2017 NVIDIA Corp NVDA UW 8.56% 8/10/2017
Incyte Corp INCY UW 2.89% 8/1/2017 Texas Instruments Inc TXN UW 7.91% 7/25/2017
Alexion Pharmaceuticals Inc ALXN UW 2.76% 7/27/2017 Broadcom Ltd AVGO UW 7.59% 8/31/2017
Celgene Corp CELG UW 2.63% 7/27/2017 Intel Corp INTC UW 7.54% 7/27/2017
Biogen Inc BIIB UW 2.58% 7/26/2017 NXP Semiconductors NV NXPI UW 4.38% 7/27/2017
Gilead Sciences Inc GILD UW 2.55% 8/1/2017 TSMC TSM UN 4.16% 7/13/2017
AbbVie Inc ABBV UN 2.55% 7/28/2017 Micron Technology Inc MU UW 4.13% 6/29/2017
United Therapeutics Corp UTHR UW 2.55% 7/27/2017 Lam Research Corp LRCX UW 4.03% 7/26/2017
Amgen Inc AMGN UW 2.53% 7/27/2017 Skyworks Solutions Inc SWKS UW 4.01% 7/27/2017

Related Funds:

Related Funds:

 

 MSCI US REIT Index (RMS G)                   Russell 1000® Retail Index (SPSIRETR)   
Top 10 Weights Ticker Weight in the index Earnings Release Date Top 10 Weights Ticker Weight in the index Earnings Release Date
Simon Property Group Inc SPG UN 7.41% 7/27/2017 Netflix Inc NFLX UW 1.63% 7/17/2017
Public Storage PSA UN 3.89% 7/27/2017 Cabela’s Inc CAB UN 1.60% 7/26/2017
Prologis Inc PLD UN 3.50% 7/19/2017 Gap Inc/The GPS UN 1.42% 8/17/2017
Welltower Inc HCN UN 3.19% 8/2/2017 Expedia Inc EXPE UW 1.42% 7/27/2017
Equinix Inc EQIX UW 3.19% 8/2/2017 Sprouts Farmers Market Inc SFM UW 1.40% 8/3/2017
AvalonBay Communities Inc AVB UN 2.97% 7/25/2017 Tiffany & Co TIF UN 1.35% 8/24/2017
Ventas Inc VTR UN 2.93% 7/27/2017 Amazon.com Inc AMZN UW 1.34% 7/27/2017
Residential EQR UN 2.86% 7/25/2017 Nordstrom Inc JWN UN 1.31% 8/10/2017
Boston Properties Inc BXP UN 2.40% 7/26/2017 Ollie’s Bargain Outlet Holdings Inc OLLI UQ 1.31% 9/6/2017
HCP Inc HCP UN 2.08% 8/9/2017 Best Buy Co Inc BBY UN 1.30% 8/17/2017

Related Funds:

Related Funds:

 

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