Stock Market Briefing: S&P 500 Sectors & Industries ...

1 S&P 500 Sectors & IndustriesForward P/Es(monthly, weekly since 1997)Yardeni Research, 2, 2020Dr. Edward visit our sites outside the boxTable Of ContentsTable Of ContentsTable Of ContentsSeptember 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 sector forward P/Es1-2 Communication Services forward P/Es3 Consumer Discretionary forward P/Es4-5 Consumer Staples forward P/Es6 Energy forward P/Es7 Financials forward P/Es8 Health Care forward P/Es9 Industrials forward P/Es10 Information Technology forward P/Es11 Materials forward P/Es12 Utilities forward P/Es139798990001020304050607080910111213 1415161718192021510152025303551015202530 358/27S&P 500 forward P/E RATIOS*S&P 500 Index ( )Consumer Staples ( )Financials ( )Health Care ( )

2 * Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by 500 forward P/E RATIOS*S&P 500 Index ( )Consumer Discretionary ( )Information Technology ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by 500 sector forward P/EsPage 1 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS*S&P 500 Index ( )Energy ( )Industrials ( )Materials ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by 500 forward P/E RATIOS*S&P 500 Index ( )Communication Services ( )Utilities ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by 500 sector forward P/EsPage 2 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* COMMUNICATION SERVICESC ommunication Services sector ( )Alternative Carriers ( )Integrated Telecommunication Services ( )Wireless Telecommunication Services ( ) sector was primarily comprised of telecom companies until September 2018, then included media & entertainment companies thereafter.

3 * Price divided by 12-month forward consensus expected operating earnings per capped at 30 for all Industries . Gaps in the Wireless industry are due to negative earnings or no constituents in the : I/B/E/S data by 500 forward P/E RATIOS:* COMMUNICATION SERVICESC ommunication Services sector ( )Advertising ( )Broadcasting ( )Cable & Satellite ( )Interactive Home Entertainment ( )Interactive Media & Services ( )Movies & Entertainment ( )Publishing ( ) sector was primarily comprised of telecom companies until September 2018, then included media & entertainment companies thereafter.* Price divided by 12-month forward consensus expected operating earnings per capped at 40 for all : I/B/E/S data by Services forward P/EsPage 3 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS* CONSUMER DISCRETIONARYC onsumer Discretionary sector ( )Advertising ( )Auto Parts & Equipment ( )Automobile Manufacturers ( )Publishing ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 7 and 35 for all : I/B/E/S data by forward P/E RATIOS.

4 * CONSUMER DISCRETIONARYC onsumer Discretionary sector ( )Casinos & Gaming (NA)Hotels, Resorts & Cruise Lines (NA)Movies & Entertainment ( )Restaurants ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 40 for all : I/B/E/S data by Discretionary forward P/EsPage 4 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, forward P/E RATIOS:* CONSUMER DISCRETIONARYC onsumer Discretionary sector ( )Apparel, Accessories, & Luxury Goods ( )Apparel Retail ( )Footwear ( )Leisure Products ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by 500 forward P/E RATIOS:* CONSUMER DISCRETIONARYC onsumer Discretionary sector ( )Computer & Electronics Retailers ( )Home ImprovementRetailers ( )Homebuilding ( )Household Appliances ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 5 and 40 for all : I/B/E/S data by Discretionary forward P/EsPage 5 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* CONSUMER STAPLESC onsumer Staples sector ( )Household Products ( )Packaged Foods ( )Personal Products ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by 500 forward P/E RATIOS.

5 * CONSUMER STAPLESC onsumer Staples sector ( )Brewers ( )Drug Retail ( )Soft Drinks ( )Tobacco ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by Staples forward P/EsPage 6 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* ENERGYE nergy sector ( )Integrated Oil & Gas ( )Oil & Gas Refining & Marketing ( )* Price divided by 12-month forward consensus expected operating earnings per capped at for all : I/B/E/S data by 500 forward P/E RATIOS:* ENERGYE nergy sector ( )Oil & Gas Drilling (NA)Oil & Gas Equipment & Services ( )Oil & Gas Exploration & Production ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 5 and 45 for all : I/B/E/S data by forward P/EsPage 7 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* FINANCIALSF inancials sector ( )Asset Management & Custody Banks ( )Diversified Banks ( )Investment Banking & Brokerage ( )Other Diversified Financial Services ( )Regional Banks ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 20 for all : I/B/E/S data by 500 forward P/E RATIOS.

6 * FINANCIALSF inancials sector ( )Insurance Brokers ( )Life & Health Insurance ( )Multi-Line Insurance ( )Property & Casualty Insurance ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by forward P/EsPage 8 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* HEALTH CAREH ealth Care sector ( )HC Distributors ( )HC Equipment ( )HC Facilities ( )HC Services ( )HC Supplies ( )HC Technology ( )Managed Health Care ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 40 for all : I/B/E/S data by 500 forward P/E RATIOS:* HEALTH CAREH ealth Care sector ( )Biotechnology ( )Life Sciences & Tools ( )Pharmaceuticals ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 40 for all : I/B/E/S data by Care forward P/EsPage 9 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* INDUSTRIALSI ndustrials sector ( )Construction Machinery & Heavy Trucks ( )Industrial Conglomerates ( )Industrial Machinery ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by 500 forward P/E RATIOS.

7 * INDUSTRIALSI ndustrials sector ( )Aerospace & Defense ( )Electrical Components & Equipment ( )Environmental & Facilities Services ( )* Price divided by 12-month forward consensus expected operating earnings per share using mid-month : I/B/E/S data by forward P/EsPage 10 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* INFORMATION TECHNOLOGYI nformation Technology sector ( )Application Software ( )Data Processing & Outsourcing ( )IT Consulting & Other Services ( )Systems Software ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 7 and 50 for all : I/B/E/S data by 500 forward P/E RATIOS:* INFORMATION TECHNOLOGYI nformation Technology sector ( )Communications Equipment ( )Semiconductor Equipment ( )Semiconductors ( )Technology Hardware, Storage & Peripherals ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 7 and 45 for all : I/B/E/S data by Technology forward P/EsPage 11 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* MATERIALSM aterials sector ( )Aluminum ( )Copper ( )Steel ( )* Price divided by 12-month forward consensus expected operating earnings per capped at 5 and 40 for all : I/B/E/S data by 500 forward P/E RATIOS.

8 * MATERIALSM aterials sector ( )Diversified Chemicals ( )Industrial Gases ( )Specialty Chemicals ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by forward P/EsPage 12 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, 500 forward P/E RATIOS:* UTILITIESU tilities sector ( )Electric Utilities ( )Gas Utilities ( )* Price divided by 12-month forward consensus expected operating earnings per : I/B/E/S data by forward P/EsPage 13 / September 2, 2020 / S&P 500 Sectors & Industries forward P/Es Research, (c) Yardeni Research, Inc. 2020. All rights reserved. The informationcontained herein has been obtained from sources believed to be reliable, but is notnecessarily complete and its accuracy cannot be guaranteed.

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