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2022/10/05 / Erste Group Research

Energy sector remains attractive


Rating changes: Charles Schwab, ConocoPhillips, Walmart, BNP Paribas, Nike, TotalEnergies

The U.S. reporting season begins next week Wednesday with PepsiCo. This will be followed by heavyweights JPMorgan and Citigroup on Friday. For Q3 2022, the expected earnings growth rate for the S&P 500 is +2.9% y/y. This would be the lowest earnings growth rate, since Q3 2020 (-5.7%). Earnings growth rates have been revised downward in 10 of 11 sectors recently. Once again, the energy sector is the exception.

ConocoPhillips: Very high operating margin, dividend raised significantly

Charles Schwab: Profiting from higher US yields

Nike: Decline in operating income, inventory build-up

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General information

AuthorErste Group Research
Date2022/10/05
Languageen
Product nameRecommendation List
Topic in focusEquities
Economy in focusEurozone, Germany, United States
Currency in focusEuro, US Dollar
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities
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