Earnings Heat Maps

• Top Sectors for Long Investment Opportunities

  • Energy (XLE): Strong positive net price move; all stocks advanced.
  • Utilities (XLU): Positive net price move despite low overall volatility.

• Top Sectors for Short Investment Opportunities

  • Technology (XLK): Strongest negative net price move with high overall volatility and majority declining stocks.
  • Financials (XLF): High negative net price move with very high overall volatility and overwhelming majority of declining stocks.
  • Consumer Discretionary (XLY): Significant negative net price move with strong majority of declining stocks.

• Sector Classification

  • Unanimous Sectors
    • Energy (XLE): All stocks advanced in unison.
    • Financials (XLF): Overwhelming majority of stocks declined.
    • Industrials (XLI): Strong majority of stocks declined.
    • Technology (XLK): Strong majority of stocks declined.
    • Healthcare (XLV): Strong majority of stocks declined.
    • Consumer Discretionary (XLY): Overwhelming majority of stocks declined.
  • Directionless Sectors
    • Materials (XLB): High internal rotation with a near-zero net price move.
    • Consumer Staples (XLP): Moderate internal rotation with a near-zero net price move.
  • Quiet Sectors
    • Communication Services (XLC): Very low overall sector volatility.
    • Real Estate (XLRE): Very low overall sector volatility.
    • Utilities (XLU): Very low overall sector volatility.