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MI245: A Year in Review w/ Rebecca Hotsko
Millennial Investing - The Investor’s Podcast Network
The Worst Performer for the Year Is the Consumer Sector
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Google, meta and Warner Bros are the largest contributors to this expected earnings decline for the sector. If these three companies were excluded, the sector would actually be expected to report positive earnings growth of 1.3% rather than a decline of nearly 15%. The second worst performer was the consumer discretionary or consumer cyclical sector which includes companies like Amazon, Etsy, eBay. This sector is down 36% this year and is expected to report a decline in earnings of about 14%. And then the third worst performing sector is technology,. But the earnings growth for the sector actually held up and is expected at 3.9% for the year. So that wraps up what happened, but now that it's 20
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