“The Energy Sector Continues To Lead The S&P 500”
November 4, 2021
“…The sector’s most popular benchmark, the Energy Select Sector SPDR ETF (NYSEARCA:XLE), climbed another 10% in October to bring its year-to-date gain to a market-beating 54.3% thanks to the oil price rally as well as stellar earnings…
Nearly 60% of S&P 500 companies have reported third quarter 2021 earnings, and the energy sector has again emerged as a standout performer. According to the latest FactSet data, the Energy sector is reporting the second-largest positive (aggregate) difference between actual earnings and estimated earnings (+15.9%), behind only the Financial sector.
Within this sector, Phillips 66 (NYSE:PSX) ($3.18 vs. $1.90), Chevron (NYSE:CVX)($2.96 vs. $2.20), and Valero Energy (NYSE:VLO)($1.22 vs. $0.92) have reported the largest positive EPS surprises…”
https://finance.yahoo.com/news/energy-sector-continues-lead-p-200000064.html