News

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


Article preview image

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

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Penn National Gaming Changes Name to PENN Entertainment

Penn National Gaming Inc. reported its second-quarter results on Thursday as the company saw mixe...

Covers.com 5 Aug 2022

PENN Entertainment (PENN) Q2 Earnings Lag Estimates, Fall Y/Y

PENN Entertainment, Inc. PENN reported mixed second-quarter 2022 results, with earnings missing t...

Zacks via Yahoo Finance 5 Aug 2022

Penn National Gaming (PENN) Q2 Earnings Lag Estimates

Penn National Gaming (PENN) came out with quarterly earnings of $0.15 per share, missing the Zack...

Zacks via Yahoo Finance 4 Aug 2022

Read How Penn National Gaming Fared In Q2

Penn National Gaming Inc (NASDAQ: PENN) reported second-quarter FY22 sales growth of 5.2% year-on...

Benzinga via Yahoo Finance 4 Aug 2022

Penn National Gaming stock falls after profit falls below expectations, while revenue tops forecasts

The replaces an earlier item that incorrectly reported revenue. It has been corrected. Shares of ...

MarketWatch 4 Aug 2022

Penn National Gaming Inc. stock rises Tuesday, outperforms market

Shares of Penn National Gaming Inc. advanced 4.75% to $36.17 Tuesday, on what proved to be an all...

Market Watch 2 Aug 2022

Massachusetts Sports Betting Bill Opens Door for Major Operators

The passage of legislation that will legalize sports betting in Massachusetts — pending the...

Covers.com 2 Aug 2022

Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Consumer Discretionary Names

Wall Street watches a company's quarterly report closely to understand as much as possible about ...

Zacks via Yahoo Finance 2 Aug 2022

Big Tech survived the earnings test, but many more tech companies are picking up their pencils

Wall Street breathed a sigh of relief after Big Tech produced results that were largely not as ba...

Market Watch 31 Jul 2022

Tropicana landowner GLPI reports boost in 2Q earnings

Gaming & Leisure Properties Inc., a real estate investment trust affiliated with Penn National...

Las Vegas Review-Journal 29 Jul 2022