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Charting the Market: 3 Charts to Watch This Election Earnings Season

Head of SPDR Americas Research

Source: Bloomberg Finance L.P. as of October 12, 2020. Characteristics as of the date indicated.

Source: SPDR Americas Research, FactSet, Bloomberg Finance, L.P. as of September 30, 2020. Green shading is top 3, red shading is bottom 3. *The scorecard uses z-score for each metric to standardize numbers across sectors and show relativeness among sectors. Composite score is calculated by equally weighting each metric in the same category. Z-score indicates how many standard deviations an element is from the mean. A z-score can be calculated from the following formula. z = (X - μ) / σ where X is the value of the sector. μ is the mean of the eleven sectors. σ is the standard deviation of eleven sectors. S&P 500 sector indices are used to calculate sector scores.

Source: FactSet, as of September 30, 2020. Characteristics are as of the date indicated, are subject to change, and should not be relied upon as current thereafter. EPS growth estimates are based on Consensus Analyst Estimates compiled by FactSet.