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Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

Earnings: Which Sectors Will Shine? [Business Week]

Summary: According to the research director at Standard & Poor's, both the materials and energy sectors are likely to post double digit gains, 45% and 25% year-over-year advance, respectively. The following sectors are expected to lag: IT with only a 2% gain, consumer staples at 4%, and healthcare at 6%. According to Stephen Biggar, VP of U.S. equity research at Standard & Poor's, "a continued weak capital spending environment and product delays are likely to cap upside potential for information technology." Lower gas prices and the tumbling housing market are expected to play a tug-of-war with consumer discretionary spending. S&P also suggests overweighted sectors such as consumer staples, telecom, and financials. Given their instabilty, sectors in the underweight category include information technology and consumer discretionary.
Related links: A Funny Thing Happened on the Way to the Deflation ScareHealth Care Is Propping Up the Entire Economy [Business Week]What a U.S. Recession Would Mean for Sectors , Foreign Stocks10 Most Popular Sectors This Week
Potentially impacted stocks and ETFs: Stocks mentioned: Yahoo (NASDAQ:YHOO), Apple (NASDAQ:AAPL). Sector ETFs: iShares Dow Jones U.S. Energy Index (NYSEARCA:IYE), iShares Dow Jones U.S. Healthcare Index (NYSEARCA:IYH), iShares Goldman Sachs Technology Index (NYSEARCA:IGM), Materials Select Sector SPDR (NYSEARCA:XLB), Consumer Staples Select Sector SPDR (NYSEARCA:XLP), Consumer Discretionary Select Sector SPDR (NYSEARCA:XLY), iShares Dow Jones U.S. Telecom Sector Index ETF (NYSEARCA:IYZ), Financial Select Sector SPDR ETF (NYSEARCA:XLF)

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Source: S&P: Materials and Energy Sectors Will Lead the Pack