Earnings Estimate Revisions

Based on Earnings Estimate Revisions Since Reporting Earnings:

Top Long Investment Opportunities:

• Energy (XLE)
  • Strongest positive earnings revisions.
  • High sector momentum.
  • Broad participation from advancing stocks.
• Technology (XLK)
  • Significant positive earnings revisions.
  • High sector momentum.
  • Overwhelmingly more advancing stocks.

Top Short Investment Opportunities:

• Consumer Discretionary (XLY)
  • Most negative earnings revisions.
  • Indicates deteriorating fundamental outlook.

Symbol	Sector Name	Earn Est Rev %	Move Size	Up %
XLB	Materials	4.07	2.7	48
XLC	Communication Services	-1.08	2.1	68
XLE	Energy	33.37	9.1	86
XLF	Financials	0.57	2.0	62
XLI	Industrials	-1.16	2.4	62
XLK	Technology	6.08	6.4	82
XLP	Consumer Staples	0.96	0.8	68
XLRE	Real Estate	0.11	0.7	41
XLU	Utilities	0.39	0.2	46
XLV	Healthcare	-0.15	1.6	61
XLY	Consumer Discretionary	-3.57	1.6	54

Source