Winners and Losers of Earnings Season

The transcript discusses the rapid rebound in oil prices and its impact on the energy sector, highlighting vulnerabilities and potential pullbacks. It analyzes the earnings season, noting disappointments in energy and banks, while healthcare shows strong sales growth. The quality of earnings is examined, with a focus on buyback activities funded by operating cash flow. The performance of consumer discretionary and healthcare sectors is emphasized, with healthcare showing healthy fundamentals despite stiff competition in retail.

What concerns are raised about the financial engineering practices of companies?

Which two sectors are identified as the main contributors to earnings gains?