- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- UAE Central Bank Stands by Banks Amid Dubai Crisis
- UAE Markets Seen Limit Down on Monday Open
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Tiger Woods Accepts Full Blame for Car Crash
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Big US Banks May Be Forced to Raise Capital: Bove
RSS FEED
CNBC Stock Blog
Text Size 
Maybe Wall Street really is drunk. Somehow the Biblical parable ''the last shall be first and the first shall be last" is shaping up to be the dominant theme this earnings season -- at least in terms of performance.
In the past two weeks, the Financial and Discretionary sectors have dominated the market, gaining 18 percent and 8 percent respectively, versus only 3 percent gain for the S&P 500. Interestingly, these same two sectors are forecast to post the worst earnings results this quarter with consensus looking for a 75 percent and 20 percent drop in profits.
But wait -- it gets better: There's another half to this story and wouldn't ya know it? The first are indeed last!
Energy profits are forecast to rise a market-topping 28 percent this quarter, and yet in the past two weeks of the earnings season, they've found themselves in performance purgatory with a 6.6 percent decline.
Perhaps the proud have finally been humbled?
_____________________________________________
Energy Sector:
- Dow Oil & Gas Index [.DJUSE
Loading...
()
]
- Exxon Mobil [XOM
Loading...
()
]
- Chevron [CVX
Loading...
()
]
- ConocoPhillips [COP
Loading...
()
]
Financials:
- JP Morgan Chase [JPM
Loading...
()
]
- Lehman Bros. [LEH
Loading...
()
]
- Citigroup [C
Loading...
()
]
_____________________________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes