Wall Street Strategies
  remember me
Sign Up | Lost Password
Earnings Tide Turning Higher

By Charles Payne, CEO & Principal Analyst

Yesterday, all sectors of the S&P 500 were higher, and most have remained higher for the year. For the most part, the market has been spinning its wheels. Energy has come on strong with the rebound in crude oil while utilities are still outpacing the broad market. There was a time this year when that sector was up more than 20%. 

I suspect if the major indices break out to new highs, we’ll see more rotation out of the safety of utilities.

One winner in that rotation would be consumer discretionary names.

Ironically, the consumer discretionary names that set the pace were up because of consumers from outside the United States. Harley-Davidson (HOG) soared 10% and Netflix soared (NFLX) 20%.  Overall, it feels like the earnings tide is turning higher. Perhaps this will be the inflection point that puts the breaks on the slide, which began after earnings topped out at an all-time high in the fourth quarter 2014.


Charles Payne
Wall Street Strategies


Add a Comment!

Submitted comments are subject to moderation before posting.
Charles Payne is featured on the Fox Business Network Monday-Friday at 6 PM ET on "Making Money with Charles Payne".

Charles Payne

FREE commentary in your Inbox! Click here
No credit card is needed.

The WStreet Market Commentary delivers the daily unbiased insight and guidance of Charles Payne and the Wall Street Strategies Research Desk.

The daily commentary takes a common sense look at the big picture, gives you advice on sector rotation and trends and helps you determine how news may affect your portfolio. We forecast what the future drivers of the market will be by interpreting the fundamental, technical, and behavioral aspects of the market.

From time to time, the commentary includes free stock picks and trading strategies to help you make money and maintain financial and mental balance in the stock market. The commentary is delivered twice a day, in the morning and afternoon, keeping you informed at pivotal times and frequently includes analysis of the major indices and actionable analysis of individual issues.

Take control of your future starting today. Simply click here to create your account.

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Updated Privacy Policy | Terms of Use |
All Rights Reserved.