Wednesday, July 22, 2020

21/7/20: Stonks and Stinks: S&P500 Net Profit Margins


Stonks reporting season is rolling on. And so far, things are predictably gloomy:


Yeeks! But wait, by sector:

  • Seven out of eight sectors are reporting lower net profit margins than 5 year average, with Utilities being the only sector reporting above average margins;
  • Nine out of nine sectors reported so far have lower net profit margins than in 2Q 2019.
Per Factset: "For the second quarter, the S&P 500 is reporting a year-over-year decline in earnings of -44.0% and a year-over-year decline in revenues of -10.5%."

Double yeeeks!

Meanwhile, what's S&P and stonks are doing? 1 month chart:


and 3 months

Because happiness is just around the corner for all.

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