As we noted in the last week's issue, over the past three months, one of the leaders of growth in the S&P 500 index has been the Health Care Equipment & Supplies industry (+17%). The largest companies in this industry (by market capitalization) are Abbott ($197B), a diagnostic equipment manufacturer, and Danaher ($167B), an industrial conglomerate.
The corporate reporting period for Q4 2023 has begun. Over the past week, 24 companies from the S&P 500 index have already reported for the quarter ended December 31, 2023. Schlumberger showed the best results. Its revenue reached $8.9B. It increased by +3.4% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by +0.3%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +12.1%. However, Information Technology (+20%) та Real Estate (+15%) sectors performed better. Among the industries, the best performers over the period were Semiconductors & Semiconductor Equipment (+35%), and Household Durables (+32%). Among the companies, the best performers over the period were Advanced Micro Devices (+70%), Builders FirstSource (+54%) and Royal Caribbean Group (+53%).
As we noted in last week's issue, over the past three months, one of the leaders of growth in the S&P 500 index has been the banking industry (Banks) +20.4%. Some of the largest companies in this industry (by market capitalization) are Bank of America ($262.3B) and Wells Fargo ($178.0B). They have $2.5T and $1.9T under management, respectively.
Today, let's talk about Dexcom, whose shares are among the top three growth leaders over the past 3 months. During this period, Dexcom shares increased by 65.5%. At the same time, the health care sector, to which the company belongs, increased by +9%, and the S&P 500 index by +9.9%. As you can see, Dexcom shares show better returns than the sector average.
The corporate reporting period for Q4 2023 has begun. Over the past week, 8 companies from the S&P 500 index have already reported for the quarter ended December 31, 2023. UnitedHealth Group showed the best results. The company's revenue is $94.4B. It grew by +3.4% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by +2.5%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +9.9%. However, Real Estate (+15%) та Financials (+12%) sectors performed better. Among the industries, the best performers over the period were Independent Power And Renewable Electricity Producers (+31%), and Household Durables (+31%). Among the companies, the best performers over the period were Dexcom (+65%), Insulet (+56%) and DR Horton (+50%).
The corporate reporting period for Q4 2023 has begun. Over the past week, 4 companies from the S&P 500 index have already reported for the fourth fiscal quarter. The best results were demonstrated by Lamb Weston, which reported $1.7B in revenue. It grew by +8.5% compared to the previous quarter and outperformed analysts' expectations by +1.8%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +10.1%. However, Real Estate (+19%) та Financials (+14%) sectors performed better. Among the industries, the best performers over the period were Independent Power And Renewable Electricity Producers (+40%), and Consumer Finance (+32%). Among the companies, the best performers over the period were Fifth Third Bank (+47%), Expedia Group (+46%) and Capital One (+42%).
It seems that investors, who spent so much energy to get to the end of last year with record results, needed a break. The first week of the year began and ended with a drop in indices. This is understandable - we need to take a breath, calmly record and recalculate the profits earned in 2023, and only then start a new round of the race for even more money. So, let's continue the race, hoping that for us, the pursuit of money will end when we become insanely rich. Hi, this is a quick review from Ivan Kompan, Edinburgh Business School analyst.
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