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June 2014 Earnings Season: Week Ended July 25

Earnings season is now roughly 50% over with 230 of S&P 500 reported.

  • 75% beat earnings consensus by aggregate of 4.2%
  • Technology and Healthcare continue to show higher revenue and earnings growth. Sector price performance up .73% and .71% respectively.
  • Consumer discretionary appears to be a disconnect. Revenue growth pretty solid this quarter around 4%. Sector price performance continues to be weak down 1.03% last week.

Economic data

  • Initial jobless claims down 19k in W/E July 19th.
  • Existing home sales up 2.6% sequentially (month).
  • New home sales fell 8.1% sequentially (month).