Financials Lead Market Rebound

Posted: Jul 20, 2021 1:39 PM
Financials Lead Market Rebound

Source: AP Photo/Richard Drew, File

What a difference a day makes.  It’s a fantastic rebound that’s orderly and inclusive with the strongest bounces in sectors that have seen the most selling in the past week or so.  Financials are the best performer, although interest rates not helping.  By the same token, growth is not popping as much as one might have assumed with the ten-year yield at current levels.

Conversely, those safe haven sectors are slowing down, as investors look out their foxholes, and for better places to be invested.

S&P 500 Index


Communication Services XLC


Consumer Discretionary XLY


Consumer Staples XLP


Energy XLE


Financials XLF


Health Care XLV


Industrials XLI


Materials XLB


Real Estate XLRE


Technology XLK


Utilities XLU


Is There a Doctor in the House?

Medical care facilities and hospitals dominate the top percentage gainers list after HCA posted a monster earnings result.

HCA – Reported a Beat on top and bottom; Issued upside FY21 EPS and Revenue guidance

  • Revenue +30.4% $14.44B; consensus $13.61B
  • Earnings per share $4.36; consensus $3.16
  • Operating Margin +17.3% from +17.6%


  • FY21 EPS guidance $16.17 - $1710; consensus $14.09
  • FY21 Rev guidance $57.0 - $58.0B; consensus $55.25B

Key Sectors

  • Same facility admissions 532,041 +17.5% y/y
  • Equivalent admissions 916,212 +26.7% y/y
  • Revenue per equivalent admissions $15,756 +2.9% y/y
  • Impatient revenue $16,144 +2.5% y/y
  • Emergency room visits 2,128,428 +40.4% y/y