Published on 29 Jun 2022 on Market Watch

Wall Street's favorite stock sector has potential upside of 43% as we enter the second half of 2022

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At the midpoint of 2022, investors are looking at a remarkable change in stock valuations.

The S&P 500 has declined 20%, but the benchmark index’s forward price-to-earnings valuation has fallen by 24% because future earnings estimates have continued to increase. In other words, the S&P 500 has gotten cheaper.

NYSE.XLC price evolution
NYSE.XLE price evolution
NASDAQ.PENN price evolution
NYSE.XLY price evolution
NYSE.XLB price evolution
NYSE.XLI price evolution
NASDAQ.CZR price evolution
NYSE.XLK price evolution
NYSE.XLV price evolution
NYSE.XLP price evolution
NYSE.XLU price evolution
NYSE.XLRE price evolution

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