3 sectors that are performing better than tech stocks! 3 recommended ETFs with potential for reevaluation due to their better-than-expected performance. [Summary of US stock earnings by industry].

Industry more favorable than tech stocks
90% of the S&P 500 index components have completed their earnings reports.When checking the outperformance rate and the stock price fluctuations after earnings reports,it became apparent that the industry sector outperformed the technology sector.Specifically, the net profit surprisesemerged as a promising sector.

Specifically,net profit surprises(outperformance rate compared to market estimates) andStock price fluctuations in the 5 days after the earnings reportsWhen looking at it on a matrix,It entered the positive territory (top right of the graph)areutilities、Financial、Real estate、It was six industries: industrial, technology, etc. Among them, the five industries other than technology all exceeded their respective ratios. Most of the tech stocks had performance within the range of market expectations, but some tech stocks had lower than expected performance and their stock prices were weak.、Energy、TechnologyIt was six industries: industrial, technology, etc. Among them, the five industries other than technology all exceeded their respective ratios. Most of the tech stocks had performance within the range of market expectations, but some tech stocks had lower than expected performance and their stock prices were weak.

Top 3 industries with stock price fluctuations in the second half of the year.
When we look at the top 3 industries in terms of stock price fluctuations in the 5 days after the earnings announcement on the graph above,public utilities、Real estate、Financialwere the top 3. These 3 industries have also ranked in the top 3 in terms of fluctuations in the first half of the year (August 19) on the right side of the graph below.

Comparing with the first half of the year (left side of the graph),year first halfIstechnologyandcommunicationhas overwhelmingly performed well, while utilities, finance, and real estate underperformed compared to the tech stocks and the overall market (S&P 500 index). Therefore,the recovery in the second half of the yearIn the midst of lackluster tech stocks,a correction in the lagging sectorsmay also be a contributing factor.With the accompanying earnings surprises,there may be continued upward revisions.Buyers are likely to reconsider..

This time,Public welfare、Financial、Real estateAbout the three industriesRepresentative ETFThese three industries are also expected to benefit from the rate cuts in the United States to some extent. Public welfare and real estate are generally relatively high in interest-bearing debt, so they can benefit from the decline in interest rates. In the case of finance, the impact of the decline in interest rates is more complex, but considering that the United States has maintained a high interest rate environment in the past, a certain degree of interest rate cuts may lead to an increase in new loans.

◇The electrical utilities sector has a high composition ratio of about 95%. In the United States, the construction boom of AI data centers has led to a rapid increase in electricity demand, boosting the performance of electrical utilities stocks. As the demand for AI data centers is expected to expand in the future, electrical utilities stocks may continue to perform well as 'hidden AI stocks'.