From Amazon to McD's, Earnings Mark Strong Spending

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In a strong quarter for earnings, the big consumer stocks have shone even brighter, thanks to results from McDonald's, Chipotle Mexican Grill and others that rank among the biggest surprises of the reporting cycle so far.

Roughly half of the S&P 500 companies have reported results thus far, with more than 77% exceeding results. But of that group, consumer discretionary companies have been the biggest surprise, on average exceeding earnings-per-share estimates by 19%, according to LSEG I/B/E/S data.

Including Monday's gains, the S&P 500 consumer discretionary index is up nearly 19% this year, far outperforming the broader S&P 500, which is up nearly 8%. On the whole, 251 S&P 500 companies have reported results, with 77.7% coming in above analyst expectations, compared with an average of 67% in a typical quarter, according to LSEG data.

 

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