Details on S&P 500 sales growth should offer a little something for both the bulls and bears. The financial sector is expected to post 17.7% top-line growth for 1Q, building off of weak comparisons and well above the 3.5% five-year average. The advance for financials is expected to more than double that of any other ex-energy sector in the March quarter. On the other end, real estate and telecom are expected to post the largest year-over-year declines in revenue growth in the index.
In total, five of the 10 ex-energy sectors are expected to report 1Q sales growth above their five-year average.
Source: Bloomberg
Junior Trader Ivan Ivanov
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