Netflix And Under Armour Are Among Companies That Will Propel The Consumer Sector Next Year
The following is an excerpt from Philip Van Doorn | November 13, 2015 | MarketWatch.com |
(This is the second in a two-part series on earnings-season results. The first part summarized earnings increases or declines for the 10 S&P 500 sectors, and dug deeper into results and estimates for the health-care sector.)
Several sectors of the S&P 500 SPX, -0.75% are being damaged by the stronger dollar, since U.S. exporters’ prices are rising overseas as other countries are experiencing economic slowdowns and competitively devaluing their currencies. Even the consumer-staples sector, which tends to do well in any economic environment, is set to post a decline in third-quarter earnings per share.
But the consumer-discretionary sector is in a different situation, poised to produce a double-digit increase in third-quarter EPS, the best among S&P 500 sectors. Growth in the U.S. economy, along with a decline in unemployment, is having a positive effect.
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