Skip to main content
John Butters

John Butters

Oct 6, 2026

23:58
So let's walk through this.
24:00
Yeah, and I know you guys both talked about energy and tech earlier, so we'll, we'll talk about energy.
24:03
Overall, 114% growth expected, and you can see that again, as we talked about, that number has come up since the start of the quarter.
24:10
A lot of the strength there really concentrated in the refiners, refining and marketing industry, so companies such as Marathon Petroleum, uh, Valero Energy, Phillips 66, and also the integrated oil and gas companies, Exxon and Chevron.
24:20
Those five companies really driving the growth there in the energy sector.
24:24
Uh, and again, oil prices on average are up about 30% year over year, so another reason obviously you're seeing strong growth there.
24:30
Uh, tech, we've talked about that, 65% growth there.
27:57
But this suggests that, you know, smooth sailing for a while.
17:21
But let's drill down a little bit, John, on some of the sectors that you're focused on here, because obviously some are much bigger contributors than others to S&P 500 earnings.
17:32
Yeah, so overall, if you look at the sectors, seven sectors expecting growth, but six expecting double-digit growth.
17:37
So fairly broad-based growth expected this quarter.
17:40
It's being led by the financial sector with growth at 40%.
17:43
And we saw the banks today, a number of the large banks, JPMorgan Chase, Citi, Wells Fargo, all beat estimates and had pretty solid earnings.
17:49
And the banks are the industry leading the way in terms of that 40% growth.
17:53
But even outside of that, three of the other four industries are looking for double-digit growth in financials.
21:29
But your slide right here is saying something different here, because the idea of broadening out of earnings growth away from these eight stocks is going to be a really important story in 2025.

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.