Second Quarter Earnings Season Performance

Below we highlight the average one-day change of stocks within each sector on their earnings report days this season.  With earnings season about half over, Industrial stocks are performing the best, averaging a gain of 2.3% in response to earnings.  Industrials are followed by Financials, Health Care and Technology on the upside.  The worst performing stocks on earnings reports this season are Utilities, which have averaged a decline of 3.2%.  Utilities are followed by Energy and Consumer Staples.  These three sectors were expected to hold up the best during an economic downturn, and it seems that investors are a bit underwhelmed by them this earnings season.