Equities
BETAUS markets · Real-time data
| Sector | Weight | Change | |
|---|---|---|---|
| Technology | 29.3% | +1.24% | |
| Healthcare | 12.7% | +0.48% | |
| Financials | 13.1% | +0.82% | |
| Consumer Disc. | 10.8% | -0.37% | |
| Industrials | 8.9% | +0.61% | |
| Communication | 8.5% | -1.12% | |
| Consumer Stap. | 6.4% | +0.19% | |
| Energy | 4.2% | -1.43% | |
| Utilities | 2.5% | +0.93% | |
| Real Estate | 2.3% | -0.28% | |
| Materials | 2.5% | +0.35% |
| Company | Symbol | Date | Est. EPS | Mkt Cap | Surprise |
|---|---|---|---|---|---|
| JP Morgan | JPM | Apr 11 | $4.10 | 546B | +8.2% |
| Alphabet | GOOG | Apr 23 | $1.89 | 2.01T | Upcoming |
| Meta Platforms | META | Apr 23 | $4.32 | 1.29T | Upcoming |
| Tesla | TSLA | Apr 22 | $0.47 | 554B | Upcoming |
| Microsoft | MSFT | Apr 24 | $2.82 | 3.08T | Upcoming |
| Apple | AAPL | Apr 30 | $1.56 | 2.67T | Upcoming |
| Amazon | AMZN | Apr 30 | $0.84 | 1.95T | Upcoming |
| NVIDIA | NVDA | May 22 | $5.59 | 2.16T | Upcoming |
The S&P 500 is trading within 0.4% of all-time highs at 5,247, supported by strong Q1 earnings beats averaging +7.2% above consensus. Breadth is expanding — the equal-weighted S&P (RSP) is keeping pace with the cap-weighted index for the first time since Q3 2023, signaling a healthier rally.
Elevated bond yields (US10Y at 4.31%) remain the primary overhang for equity multiples — particularly for high-duration growth. The tech sector's forward P/E at 28x is pricing in significant AI revenue growth. Any miss in NVDA or MSFT earnings could trigger a de-rating cascade across the sector.
Energy (-1.43%) and Communication Services (-1.12%) are the notable laggards. Technology (+1.24%) continues to lead. Monitor the Energy sector for value — XLE trades at 12x forward P/E vs. market's 21x, offering meaningful discount if oil stays above $80.
Earnings season (starts April 11) is the next major catalyst. Consensus expects +8.1% S&P 500 EPS growth for Q1 2026. JPMorgan's +8.2% surprise sets a high bar. Watch for management guidance revisions — downward revenue guidance will be more market-moving than EPS beats given current valuation levels.