95% of the Energy stocks are trading above their 65-day moving average as well as 31% are trading at 65-day highs. At the other extreme are IT stocks. Only 36% of stocks are trading above their 65-day moving average and only 3% of stocks are at 65-day highs.
97% of Energy stocks are within 10% of their 3-month high and zero stocks are greater than 20% from their 3-month high. This is in stark contrast to IT stocks where 10% of the stocks are in a bear market over the past three months.
An impressive 87% of Energy stocks are outperforming the MSCI World Index over the last three months. Utilities is actually the clubhouse leader in this statistic with a whopping 95% of stocks outperforming the MSCI World Index. Only 34% of Health Care stocks have outperformed over the last three months.
Energy has the highest average sales growth expectations over the next four years (8.5%) and the second highest average EPS growth expectations (16%). Energy has also had the smallest decline in FY1 EPS estimates over the past three months. On average, EPS estimates have dropped by 1.9%. Energy EPS estimates have fallen only by about half of that (-0.9%).
