6/7 S&P 500 Energy Stocks Beat EPS as Utilities 8/10 Excel: Earnings Scorecard
Six of seven S&P 500 energy companies beat EPS estimates this week, with all seven topping revenue forecasts, underscoring sector strength amid higher oil prices and geopolitical tensions. This follows eight of ten utilities exceeding both EPS and revenue expectations earlier, signaling broad earnings resiliency in defensive and energy sectors. The Energy Select Sector SPDR ETF (XLE) surged over 5% while the S&P 500 fell 0.5%; Utilities ETF (XLU) stands at 46.55 with 2.54% yield and $24.05B AUM, highlighting investor shifts to these outperformers.