Fortis Analytics & Research

Summary: Equity Overview

1/31/22

Earnings Outlook Q421: Forecasts from analysts are rising, despite headwinds of economic slowdown. Consensus projections are as high as 27%, according to Bloomberg.

• Sector: W Information Technology continues to be the only sector with an overweight recommendation. Energy remains on an extreme overbought conditions. Timing still implies many sectors are good, and several more continue to remain in a medium term uptrend.

• Style: Growth Stocks have experienced the most sell in the Russell 1000 Growth Index. (-6.9%). However, a a select group of stocks representing 20% of the member in the index with the lowest price to earnings ratios have averaged a YTD decline of 1.7%. The stocks with the highest PE ratios in the index have suffered a 12.% loss – almost four times the loss of the S&P 500. 

Equities Buy Recommendations

1/31/22

Earnings Outlook Q421: Forecasts from analysts are rising, despite headwinds of economic slowdown. Consensus projections are as high as 27%, according to Bloomberg.

• Sector: W Information Technology continues to be the only sector with an overweight recommendation. Energy remains on an extreme overbought conditions. Timing still implies many sectors are good, and several more continue to remain in a medium term uptrend.

• Style: Growth Stocks have experienced the most sell in the Russell 1000 Growth Index. (-6.9%). However, a a select group of stocks representing 20% of the member in the index with the lowest price to earnings ratios have averaged a YTD decline of 1.7%. The stocks with the highest PE ratios in the index have suffered a 12.% loss – almost four times the loss of the S&P 500.