Tuesday, September 30, 2014

A Strong Third Quarter

The third quarter comes to a conclusion today, and it appears to have been a remarkably broad-based success. According to S&P Capital IQ, all ten sectors in the S&P 500 are expected to record earnings growth for the third quarter. That would be the first time we've seen all ten sectors show earnings growth in three years.

We came close to that mark in the second quarter, when every sector recorded positive earnings growth except for the financials. Nineteen out of twenty possible sectors showing growth over the past six months would still be a signal of a pretty healthy economy.

Which sectors have been the strongest during the third quarter? S&P Capital IQ forecasts that the telecommunications sector will have the highest earnings growth, at 14.8 percent. It's followed be the raw materials sector at 11.6 percent, and health care at 11.1 percent.

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