Sunday, April 14, 2013

US Largest Corps 2012 Worldwide Employees Up 1.5% and US Employees Down 1.1%, While 2012 Earnings Up 15.0%

From a review of SEC 10K disclosures, there were 223 US Headquartered Corps with Adjusted Earnings above $1 bil each in either annual 2012 or 2011, and which also weren't spun off during 2012.  Of these 223 US Corps, there were 15 of them which had substantial business acquisitions in 2012, thus the 2012 change in their number of employees is significantly distorted in organic growth terms.  Thus, these 15 US Corps weren't included below.

Adjusted Earnings are after income tax and exclude large non-recurring items which companies disclose in their earnings releases.  These Adjusted Earnings are generally a very key element that sophisticated investors use to value common stocks.

January Fiscal Year Ended (FYE) 2013 company amounts below are included with the 2012 annual FYE amounts.  

The remaining 208 US Corps had their Total Adjusted Earnings increase by a very solid 15.0% in 2012 over 2011.

On the other hand, these 208 US Corps had their total number of worldwide employees increase by a substantially lower 1.5% in 2012, only one-tenth of their total earnings increase.  And more than half of these increased number of employees are low paying jobs in the Retail sector.

But it gets worse.

Of these 208 US Corps, 93 of them either disclosed their number of US employees, or their operations were overwhelming in the US.

These 93 US Corps had their total number of US employees actually decline by 1.1% in 2012.

I don't think we'll see US unemployment drop below 7% until these huge US Corps get more motivated to increase their US payrolls.  Presently, the motivation is just the opposite since the US Fed has stated that it will not increase US interest rates until US unemployment drops to 6.5%.  These large US Corps, as well as their top executives, are presently getting monstrous economic benefits from these lower US interest rates, mainly because of the lavish economic benefit they derive from buying back their companies' own common stock in a very low interest rate environment.

I do think that the best near-term economic stimulus for US job creation in President Obama's 2014 Budget is the 10% tax credit that small businesses get for increasing their total payroll dollars in the current year.  To make this one substantially more effective, I would consider increasing the 10% tax credit to perhaps 25%, and also I would increase the size of small businesses that can qualify here for it.  Then watch US job creation really spike up in the current year.  You give US businesses a very lucrative economic tax benefit, they'll take advantage of it.

Below here are the adjusted earnings and the number of worldwide employees for each of these 208 US Corps:





Adjusted



Worldwide


Adjusted Adjusted Net Adjusted


# of Worldwide


Annual Annual Income Net
Worldwide Worldwide Employees # of


Net Net Increase Income
# of # of Increase Employees


Income Income (Decrease) %
Employees Employees (Decrease) %

FYE 2012 2011 Amount Change
2012 2011 Amount Change


mils of $s mils of $s mils of $s















Exxon Mobil Dec 44,880 41,060 3,820 9%
88,000 99,100 (11,100) -11%
Apple Sep 41,733 25,922 15,811 61%
72,800 60,400 12,400 21%
Chevron Dec 26,179 26,895 (716) -3%
62,000 61,000 1,000 2%
Microsoft Jun 23,681 22,720 961 4%
94,000 90,000 4,000 4%
JPMorgan Chase Dec 19,877 17,568 2,309 13%
258,965 260,157 (1,192) 0%
Wells Fargo Dec 17,999 15,025 2,974 20%
269,200 264,200 5,000 2%
IBM Dec 17,627 16,318 1,309 8%
434,246 433,362 884 0%
Walmart Jan 16,999 15,766 1,233 8%
2,200,000 2,200,000 0 0%
Pfizer Dec 16,476 17,839 (1,363) -8%
91,500 103,700 (12,200) -12%
General Electric Dec 16,065 14,915 1,150 8%
305,000 301,000 4,000 1%
AT&T Dec 13,447 12,674 773 6%
242,000 256,000 (14,000) -5%
Berkshire Hathaway Dec 12,597 10,775 1,822 17%
288,500 271,000 17,500 6%
Oracle May 12,521 11,395 1,126 10%
115,000 108,000 7,000 6%
Merck Dec 11,743 11,697 46 0%
83,000 86,000 (3,000) -3%
Intel Dec 11,580 13,524 (1,944) -14%
105,000 100,100 4,900 5%
Procter & Gamble Jun 11,324 11,617 (293) -3%
126,000 129,000 (3,000) -2%
Cisco Systems Jul 10,017 9,033 984 11%
66,639 71,825 (5,186) -7%
Coca Cola Dec 9,217 8,944 273 3%
150,900 146,200 4,700 3%
Phillip Morris International Dec 8,800 8,591 209 2%
87,100 78,100 9,000 12%
Abbott Labs Dec 8,119 7,331 788 11%
91,000 91,000 0 0%
Hewlett Packard Oct 8,035 10,379 (2,344) -23%
331,800 349,600 (17,800) -5%
Citigroup Dec 7,506 10,762 (3,256) -30%
259,000 266,000 (7,000) -3%
Goldman Sachs Dec 7,292 2,510 4,782 191%
32,400 33,300 (900) -3%
AIG Dec 6,635 2,086 4,549 218%
63,000 57,000 6,000 11%
Qualcomm Sep 6,463 5,407 1,056 20%
26,600 21,200 5,400 25%
Pepsico Dec 6,454 7,035 (581) -8%
278,000 297,000 (19,000) -6%
Verizon Dec 6,411 6,104 307 5%
183,400 193,900 (10,500) -5%
Caterpillar Dec 5,961 4,928 1,033 21%
125,341 125,099 242 0%
Occidental Petroleum Dec 5,750 6,828 (1,078) -16%
12,300 11,300 1,000 9%
MetLife Dec 5,686 4,677 1,009 22%
64,000 67,000 (3,000) -4%
Walt Disney Sep 5,682 4,807 875 18%
166,000 156,000 10,000 6%
Ford Motor Dec 5,596 6,119 (523) -9%
171,000 164,000 7,000 4%
Schlumberger Dec 5,578 4,915 663 13%
118,000 113,000 5,000 4%
McDonalds Dec 5,465 5,503 (38) -1%
440,000 420,000 20,000 5%
General Motors Dec 5,390 6,424 (1,034) -16%
213,000 207,000 6,000 3%
US Bancorp Dec 5,383 4,721 662 14%
64,486 62,529 1,957 3%
Comcast Dec 5,232 4,377 855 20%
129,000 126,000 3,000 2%
Amgen Dec 5,119 4,858 261 5%
18,000 17,800 200 1%
American Express Dec 5,076 4,935 141 3%
63,500 62,500 1,000 2%
Home Depot Jan 4,680 3,883 797 21%
340,000 331,000 9,000 3%
Boeing Dec 4,491 3,961 530 13%
174,400 171,700 2,700 2%
Altria Group Dec 4,483 4,243 240 6%
9,100 9,900 (800) -8%
3M Dec 4,444 4,283 161 4%
87,677 84,198 3,479 4%
CVS Caremark Dec 4,397 3,766 631 17%
203,000 202,000 1,000 0%
United Parcel Service Dec 4,389 4,311 78 2%
399,000 398,000 1,000 0%
Visa Sep 4,203 3,528 675 19%
8,500 7,500 1,000 13%
Union Pacific Dec 3,943 3,292 651 20%
45,928 44,861 1,067 2%
Eli Lilly Dec 3,784 4,914 (1,130) -23%
38,350 38,080 270 1%
Apache Dec 3,767 4,651 (884) -19%
5,976 5,299 677 13%
EMC Dec 3,759 3,381 378 11%
60,000 53,600 6,400 12%
PNC Financial Dec 3,682 3,399 283 8%
50,947 45,940 5,007 11%
Medtronic Apr 3,666 3,643 23 1%
45,000 45,000 0 0%
Honeywell Dec 3,548 3,206 342 11%
132,000 132,000 0 0%
News Corp Jun 3,521 3,109 412 13%
48,000 51,000 (3,000) -6%
Bristol Myers Squibb Dec 3,364 3,921 (557) -14%
28,000 27,000 1,000 4%
Marathon Petroleum Dec 3,352 2,406 946 39%
25,985 24,210 1,775 7%
Lockheed Martin Dec 3,348 3,177 171 5%
120,000 123,000 (3,000) -2%
Time Warner Dec 3,203 3,075 128 4%
34,000 34,000 0 0%
DuPont Dec 3,173 3,392 (219) -6%
70,000 70,000 0 0%
Target Jan 3,160 3,018 142 5%
361,000 365,000 (4,000) -1%
Valero Energy Dec 3,107 2,090 1,017 49%
21,671 21,942 (271) -1%
Ebay Dec 3,100 2,667 433 16%
31,500 27,770 3,730 13%
AFLAC Dec 3,097 2,946 151 5%
8,965 8,562 403 5%
Gilead Sciences Dec 3,084 3,039 45 1%
5,000 4,500 500 11%
Deere Dec 3,065 2,800 265 9%
66,900 61,300 5,600 9%
NBC Universal Dec 3,055 1,660 1,395 84%
36,000 34,000 2,000 6%
Freeport McMoran Copper & Gold Dec 3,041 4,560 (1,519) -33%
34,000 31,800 2,200 7%
LyondellBasell Dec 3,021 2,880 141 5%
13,500 14,000 (500) -4%
Dell Jan 3,017 3,952 (935) -24%
108,800 106,700 2,100 2%
Seagate Technology Jun 2,977 578 2,399 415%
57,900 52,700 5,200 10%
Prudential Financial Dec 2,958 2,845 113 4%
48,498 50,104 (1,606) -3%
DirecTV Dec 2,949 2,609 340 13%
27,200 25,700 1,500 6%
Accenture Aug 2,791 2,521 270 11%
257,000 236,000 21,000 9%
MasterCard Dec 2,772 2,401 371 15%
7,500 6,700 800 12%
Bank of America Dec 2,760 85 2,675 3147%
267,000 282,000 (15,000) -5%
ACE Ltd Dec 2,624 2,331 293 13%
17,000 16,500 500 3%
Halliburton Dec 2,587 3,010 (423) -14%
73,000 68,000 5,000 7%
Colgate Palmolive Dec 2,574 2,473 101 4%
37,700 38,600 (900) -2%
Walgreens Aug 2,565 2,710 (145) -5%
240,000 247,000 (7,000) -3%
Emerson Electric Dec 2,552 2,523 29 1%
134,900 133,200 1,700 1%
National Oilwell Varco Dec 2,524 2,022 502 25%
51,661 42,183 9,478 22%
Baxter Dec 2,516 2,471 45 2%
51,000 48,500 2,500 5%
Travelers Dec 2,441 1,390 1,051 76%
30,500 30,600 (100) 0%
BlackRock Dec 2,438 2,239 199 9%
10,500 10,100 400 4%
Bank NY Mellon Dec 2,427 2,516 (89) -4%
49,500 48,700 800 2%
Discover Financial Services Nov 2,318 2,202 116 5%
13,009 11,650 1,359 12%
General Dynamics Dec 2,305 2,552 (247) -10%
92,200 95,100 (2,900) -3%
Danaher Dec 2,299 1,935 364 19%
63,000 59,000 4,000 7%
Viacom Sep 2,264 2,247 17 1%
9,880 10,580 (700) -7%
Southern Copper Dec 2,251 2,336 (85) -4%
12,085 12,145 (60) 0%
Dow Chemical Dec 2,249 2,959 (710) -24%
54,000 51,705 2,295 4%
Nike May 2,223 2,133 90 4%
44,000 38,000 6,000 16%
Celgene Dec 2,162 1,753 409 23%
4,700 4,460 240 5%
Allstate Dec 2,148 662 1,486 224%
38,000 37,000 1,000 3%
FedEx May 2,089 1,556 533 34%
300,000 290,000 10,000 3%
Kimberly Clark Dec 2,078 1,915 163 9%
58,000 57,000 1,000 2%
Raytheon Dec 2,074 2,067 7 0%
67,800 71,000 (3,200) -5%
Anadarko Petroleum Dec 2,069 1,719 350 20%
5,200 4,800 400 8%
Covidien Ltd Sep 2,068 1,974 94 5%
43,400 41,300 2,100 5%
Monsanto Aug 2,045 1,607 438 27%
21,500 20,600 900 4%
Hess Dec 1,998 1,984 14 1%
14,775 14,350 425 3%
Lowes Jan 1,959 1,839 120 7%
245,000 248,000 (3,000) -1%
Corning Dec 1,940 2,789 (849) -30%
28,700 28,800 (100) 0%
Illinois Tool Works Dec 1,935 1,840 95 5%
60,000 65,000 (5,000) -8%
SunTrust Banks Dec 1,931 495 1,436 290%
26,778 29,182 (2,404) -8%
Franklin Resources Sep 1,931 1,924 7 0%
8,600 8,500 100 1%
Mosaic May 1,930 1,947 (17) -1%
8,000 7,700 300 4%
BB&T Dec 1,916 1,289 627 49%
34,000 31,800 2,200 7%
TJX Jan 1,907 1,540 367 24%
179,000 168,000 11,000 7%
State Street Corp Dec 1,898 1,852 46 2%
29,660 29,740 (80) 0%
Northrop Grumman Dec 1,893 1,828 65 4%
68,100 72,500 (4,400) -6%
CSX Dec 1,859 1,822 37 2%
32,000 31,000 1,000 3%
Newmont Mining Dec 1,850 2,170 (320) -15%
16,400 17,100 (700) -4%
CF Industries Dec 1,849 1,539 310 20%
2,500 2,400 100 4%
Thermo Fisher Scientific Dec 1,810 1,601 209 13%
38,900 39,300 (400) -1%
Johnson Controls Dec 1,783 1,697 86 5%
170,000 162,000 8,000 5%
Aetna Dec 1,770 1,966 (196) -10%
35,000 33,300 1,700 5%
Las Vegas Sands Dec 1,768 1,644 124 8%
46,000 40,000 6,000 15%
Texas Instruments Dec 1,759 2,236 (477) -21%
34,151 34,759 (608) -2%
Norfolk Southern Dec 1,749 1,916 (167) -9%
30,943 30,329 614 2%
Marathon Oil Dec 1,736 2,293 (557) -24%
3,367 3,322 45 1%
HollyFrontier Dec 1,727 1,023 704 69%
2,534 2,382 152 6%
Costco Aug 1,709 1,462 247 17%
174,000 164,000 10,000 6%
General Mills May 1,707 1,649 58 4%
35,000 35,000 0 0%
Reynolds American Dec 1,686 1,647 39 2%
5,000 5,400 (400) -7%
Praxair Dec 1,681 1,666 15 1%
26,539 26,184 355 1%
CBS Dec 1,678 1,417 261 18%
20,930 20,915 15 0%
Chrysler Dec 1,668 734 934 127%
65,535 55,687 9,848 18%
Cummins Dec 1,621 1,754 (133) -8%
46,000 43,900 2,100 5%
Priceline.com Dec 1,612 1,209 403 33%
7,000 5,000 2,000 40%
HCA Dec 1,603 1,413 190 13%
204,000 199,000 5,000 3%
McKesson Mar 1,602 1,396 206 15%
37,700 36,400 1,300 4%
Biogen IDEC Dec 1,567 1,446 121 8%
5,950 5,000 950 19%
Stryker Dec 1,560 1,448 112 8%
22,010 21,241 769 4%
Publix Super Markets Dec 1,552 1,492 60 4%
158,000 152,000 6,000 4%
Delta Air Lines Dec 1,552 1,190 362 30%
74,000 78,400 (4,400) -6%
Fifth Third Bancorp Dec 1,541 1,094 447 41%
20,798 21,334 (536) -3%
Yum Brands Dec 1,538 1,383 155 11%
523,000 466,000 57,000 12%
EOG Resources Dec 1,536 1,009 527 52%
2,650 2,550 100 4%
Air Products & Chemicals Sep 1,534 1,557 (23) -1%
20,900 18,500 2,400 13%
Archer Daniels Midland Jun 1,499 2,256 (757) -34%
30,600 30,200 400 1%
Carnival Nov 1,471 1,912 (441) -23%
89,700 91,300 (1,600) -2%
Best Buy Feb 1,432 1,520 (88) -6%
165,000 167,000 (2,000) -1%
Simon Property Group Dec 1,431 1,021 410 40%
5,500 5,500 0 0%
Macy's Jan 1,426 1,240 186 15%
175,700 171,000 4,700 3%
Chubb Dec 1,420 1,491 (71) -5%
10,200 10,100 100 1%
Transocean Ltd Dec 1,419 494 925 187%
18,400 18,700 (300) -2%
Yahoo Dec 1,407 1,040 367 35%
11,700 14,100 (2,400) -17%
Hartford Financial Services Dec 1,403 1,116 287 26%
22,500 24,400 (1,900) -8%
Xerox Dec 1,398 1,563 (165) -11%
147,600 139,650 7,950 6%
Automatic Data Processing Jun 1,389 1,254 135 11%
57,000 51,000 6,000 12%
Starbucks Sep 1,384 1,170 214 18%
160,000 149,000 11,000 7%
Kroger Jan 1,364 1,296 68 5%
343,000 339,000 4,000 1%
Activision Blizzard Dec 1,350 1,087 263 24%
6,700 7,300 (600) -8%
Baker Hughes Dec 1,324 1,813 (489) -27%
58,800 57,700 1,100 2%
Devon Energy Dec 1,322 2,557 (1,235) -48%
5,700 5,200 500 10%
Facebook Dec 1,317 1,164 153 13%
4,619 3,200 1,419 44%
Lincoln Financial Dec 1,284 1,246 38 3%
8,700 8,564 136 2%
Allergan Dec 1,272 1,132 140 12%
10,800 10,000 800 8%
CHS Aug 1,261 961 300 31%
10,216 9,562 654 7%
Sysco Jun 1,257 1,201 56 5%
47,800 46,000 1,800 4%
Ameriprise Financial Dec 1,245 1,274 (29) -2%
12,235 11,139 1,096 10%
VMWare Dec 1,236 936 300 32%
13,800 11,000 2,800 25%
Precision Castparts Dec 1,232 1,011 221 22%
21,500 18,300 3,200 17%
PPG Industries Dec 1,230 1,095 135 12%
39,200 38,300 900 2%
TE Connectivity Sep 1,229 1,343 (114) -8%
88,000 95,000 (7,000) -7%
Humana Dec 1,222 1,419 (197) -14%
43,400 40,000 3,400 9%
Kellogg Dec 1,213 1,230 (17) -1%
31,000 30,700 300 1%
Symantec Mar 1,201 1,119 82 7%
20,500 18,600 1,900 10%
Marsh & McLennan Dec 1,188 973 215 22%
54,000 52,400 1,600 3%
Adobe Systems Nov 1,183 1,183 0 0%
11,144 9,925 1,219 12%
CNH Global Dec 1,179 918 261 28%
33,800 32,700 1,100 3%
Parker Hannifin Dec 1,152 1,049 103 10%
59,300 58,400 900 2%
GAP Jan 1,135 833 302 36%
136,000 132,000 4,000 3%
Becton Dickinson Sep 1,123 1,206 (83) -7%
29,555 29,369 186 1%
Cardinal Health Jun 1,119 988 131 13%
32,500 31,900 600 2%
CA Technologies Mar 1,117 984 133 14%
13,600 13,400 200 1%
Paccar Dec 1,112 1,042 70 7%
21,800 23,400 (1,600) -7%
DISH Network Dec 1,111 1,310 (199) -15%
35,000 34,000 1,000 3%
Lorillard Dec 1,103 1,101 2 0%
2,900 2,800 100 4%
Agilent Technologies Oct 1,100 1,045 55 5%
20,500 18,700 1,800 10%
St Jude Medical Dec 1,095 1,074 21 2%
15,000 16,000 (1,000) -6%
Regions Financial Dec 1,088 211 877 416%
23,427 26,813 (3,386) -13%
Mylan Dec 1,087 893 194 22%
20,000 18,000 2,000 11%
HJ Heinz Apr 1,086 990 96 10%
32,200 34,800 (2,600) -7%
VF Corp Dec 1,078 913 165 18%
57,000 58,000 (1,000) -2%
M&T Bank Dec 1,073 884 189 21%
13,640 14,235 (595) -4%
Forest Labs Mar 1,063 1,290 (227) -18%
5,700 5,600 100 2%
Sallie Mae Dec 1,062 977 85 9%
6,800 6,600 200 3%
Western Union Dec 1,057 996 61 6%
9,000 8,000 1,000 13%
Coach Jun 1,039 881 158 18%
18,000 15,000 3,000 20%
Ingersoll-Rand Dec 1,022 958 64 7%
49,000 52,000 (3,000) -6%
CME Group Dec 1,007 1,138 (131) -12%
2,600 2,740 (140) -5%
Kohl's Jan 986 1,167 (181) -16%
135,000 142,000 (7,000) -5%
Loews Dec 968 1,093 (125) -11%
18,300 18,250 50 0%
Waste Management Dec 966 1,007 (41) -4%
43,500 42,800 700 2%
Applied Materials Oct 960 1,723 (763) -44%
14,500 13,000 1,500 12%
Discovery Communications Dec 954 1,033 (79) -8%
4,500 4,600 (100) -2%
Spectra Energy Dec 938 1,159 (221) -19%
5,600 5,700 (100) -2%
Boston Scientific Dec 933 1,018 (85) -8%
24,000 24,000 0 0%
Progressive Dec 902 1,016 (114) -11%
25,889 25,007 882 4%
United Continental Holdings Dec 589 1,323 (734) -55%
88,000 87,000 1,000 1%
Sandisk Dec 582 1,138 (556) -49%
4,636 3,939 697 18%
Cliff's Natural Resources Dec 493 1,627 (1,134) -70%
7,589 7,404 185 2%
Chesapeake Energy Dec 285 1,936 (1,651) -85%
12,000 12,600 (600) -5%
Peabody Energy Dec 239 1,012 (773) -76%
8,200 8,300 (100) -1%











Total all 206 Before Freddie and Fannie 793,293 736,728 56,565 7.7%
18,107,979 17,844,033 263,946 1.5%











Freddie Mac Dec 10,982 (5,266) 16,248 309%
5,017 4,921 96 2%
Fannie Mae Dec 17,220 (16,855) 34,075 202%
7,200 7,000 200 3%











Total all 208
821,495 714,607 106,888 15.0%
18,120,196 17,855,954 264,242 1.5%


And below here are the adjusted earnings and the number of US employees for each of the 93 US Corps which either disclosed their number of US employees or which had their operations overwhelming based in the US:













US


Adjusted Adjusted Net Net


# of US


Annual Annual Income Income
US US Employees # of


Net Net Increase Increase
# of # of Increase Employees


Income Income (Decrease) (Decrease)
Employees Employees (Decrease) %

FYE 2012 2011 Amount %
2012 2011 Amount Change


mils of $s mils of $s mils of $s
















Chevron Dec 26,179 26,895 (716) -3%
31,000 30,000 1,000 3%
Microsoft Jun 23,681 22,720 961 4%
55,000 54,000 1,000 2%
Wells Fargo Dec 17,999 15,025 2,974 20%
269,200 264,200 5,000 2%
Walmart Jan 16,999 15,766 1,233 8%
1,300,000 1,400,000 (100,000) -7%
General Electric Dec 16,065 14,915 1,150 8%
134,000 131,000 3,000 2%
AT&T Dec 13,447 12,674 773 6%
242,000 256,000 (14,000) -5%
Oracle May 12,521 11,395 1,126 10%
42,000 39,000 3,000 8%
Merck Dec 11,743 11,697 46 0%
32,500 33,100 (600) -2%
Intel Dec 11,580 13,524 (1,944) -14%
53,550 52,052 1,498 3%
Cisco Systems Jul 10,017 9,033 984 11%
36,052 37,300 (1,248) -3%
Coca Cola Dec 9,217 8,944 273 3%
68,300 67,400 900 1%
Pepsico Dec 6,454 7,035 (581) -8%
106,000 107,000 (1,000) -1%
Verizon Dec 6,411 6,104 307 5%
183,400 193,900 (10,500) -5%
Caterpillar Dec 5,961 4,928 1,033 21%
54,558 53,236 1,322 2%
Occidental Petroleum Dec 5,750 6,828 (1,078) -16%
8,700 8,000 700 9%
US Bancorp Dec 5,383 4,721 662 14%
64,486 62,529 1,957 3%
Comcast Dec 5,232 4,377 855 20%
129,000 126,000 3,000 2%
Home Depot Jan 4,680 3,883 797 21%
340,000 331,000 9,000 3%
Boeing Dec 4,491 3,961 530 13%
174,400 171,700 2,700 2%
Altria Group Dec 4,483 4,243 240 6%
9,100 9,900 (800) -8%
3M Dec 4,444 4,283 161 4%
34,746 33,128 1,618 5%
CVS Caremark Dec 4,397 3,766 631 17%
203,000 202,000 1,000 0%
United Parcel Service Dec 4,389 4,311 78 2%
323,000 323,000 0 0%
Union Pacific Dec 3,943 3,292 651 20%
45,928 44,861 1,067 2%
Eli Lilly Dec 3,784 4,914 (1,130) -23%
17,150 17,280 (130) -1%
PNC Financial Dec 3,682 3,399 283 8%
50,947 45,940 5,007 11%
Honeywell Dec 3,548 3,206 342 11%
52,000 53,000 (1,000) -2%
Lockheed Martin Dec 3,348 3,177 171 5%
114,000 116,850 (2,850) -2%
Time Warner Dec 3,203 3,075 128 4%
34,000 34,000 0 0%
Target Jan 3,160 3,018 142 5%
361,000 365,000 (4,000) -1%
Valero Energy Dec 3,107 2,090 1,017 49%
21,671 21,942 (271) -1%
Ebay Dec 3,100 2,667 433 16%
20,500 18,720 1,780 10%
Dell Jan 3,017 3,952 (935) -24%
40,500 39,900 600 2%
Prudential Financial Dec 2,958 2,845 113 4%
18,951 18,885 66 0%
MasterCard Dec 2,772 2,401 371 15%
4,100 3,800 300 8%
Bank of America Dec 2,760 85 2,675 3147%
267,000 282,000 (15,000) -5%
Walgreens Aug 2,565 2,710 (145) -5%
240,000 247,000 (7,000) -3%
Travelers Dec 2,441 1,390 1,051 76%
30,500 30,600 (100) 0%
BlackRock Dec 2,438 2,239 199 9%
5,700 5,700 0 0%
Discover Financial Services Nov 2,318 2,202 116 5%
13,009 11,650 1,359 12%
General Dynamics Dec 2,305 2,552 (247) -10%
92,200 95,100 (2,900) -3%
Danaher Dec 2,299 1,935 364 19%
26,000 26,000 0 0%
Allstate Dec 2,148 662 1,486 224%
38,000 37,000 1,000 3%
Raytheon Dec 2,074 2,067 7 0%
67,800 71,000 (3,200) -5%
Lowes Jan 1,959 1,839 120 7%
245,000 248,000 (3,000) -1%
Corning Dec 1,940 2,789 (849) -30%
11,700 11,500 200 2%
SunTrust Banks Dec 1,931 495 1,436 290%
26,778 29,182 (2,404) -8%
BB&T Dec 1,916 1,289 627 49%
34,000 31,800 2,200 7%
Northrop Grumman Dec 1,893 1,828 65 4%
68,100 72,500 (4,400) -6%
CSX Dec 1,859 1,822 37 2%
32,000 31,000 1,000 3%
CF Industries Dec 1,849 1,539 310 20%
2,500 2,400 100 4%
Aetna Dec 1,770 1,966 (196) -10%
35,000 33,300 1,700 5%
Norfolk Southern Dec 1,749 1,916 (167) -9%
30,943 30,329 614 2%
HollyFrontier Dec 1,727 1,023 704 69%
2,534 2,382 152 6%
Reynolds American Dec 1,686 1,647 39 2%
5,000 5,400 (400) -7%
Praxair Dec 1,681 1,666 15 1%
9,693 9,197 496 5%
Priceline.com Dec 1,612 1,209 403 33%
1,400 1,000 400 40%
HCA Dec 1,603 1,413 190 13%
204,000 199,000 5,000 3%
Publix Super Markets Dec 1,552 1,492 60 4%
158,000 152,000 6,000 4%
Delta Air Lines Dec 1,552 1,190 362 30%
74,000 78,400 (4,400) -6%
Fifth Third Bancorp Dec 1,541 1,094 447 41%
20,798 21,334 (536) -3%
Air Products & Chemicals Sep 1,534 1,557 (23) -1%
7,400 6,800 600 9%
Simon Property Group Dec 1,431 1,021 410 40%
5,500 5,500 0 0%
Macy's Jan 1,426 1,240 186 15%
175,700 171,000 4,700 3%
Starbucks Sep 1,384 1,170 214 18%
120,000 112,000 8,000 7%
Kroger Jan 1,364 1,296 68 5%
343,000 339,000 4,000 1%
Lincoln Financial Dec 1,284 1,246 38 3%
8,700 8,564 136 2%
Allergan Dec 1,272 1,132 140 12%
5,100 5,000 100 2%
CHS Aug 1,261 961 300 31%
10,216 9,562 654 7%
Sysco Jun 1,257 1,201 56 5%
47,800 46,000 1,800 4%
Ameriprise Financial Dec 1,245 1,274 (29) -2%
12,235 11,139 1,096 10%
Humana Dec 1,222 1,419 (197) -14%
43,400 40,000 3,400 9%
Symantec Mar 1,201 1,119 82 7%
9,225 8,556 669 8%
Parker Hannifin Dec 1,152 1,049 103 10%
28,120 27,460 660 2%
GAP Jan 1,135 833 302 36%
136,000 132,000 4,000 3%
Becton Dickinson Sep 1,123 1,206 (83) -7%
11,915 12,041 (126) -1%
Cardinal Health Jun 1,119 988 131 13%
23,300 22,600 700 3%
CA Technologies Mar 1,117 984 133 14%
7,000 7,000 0 0%
Lorillard Dec 1,103 1,101 2 0%
2,900 2,800 100 4%
Regions Financial Dec 1,088 211 877 416%
23,427 26,813 (3,386) -13%
VF Corp Dec 1,078 913 165 18%
25,000 23,300 1,700 7%
M&T Bank Dec 1,073 884 189 21%
13,640 14,235 (595) -4%
Sallie Mae Dec 1,062 977 85 9%
6,800 6,600 200 3%
Western Union Dec 1,057 996 61 6%
2,000 2,000 0 0%
CME Group Dec 1,007 1,138 (131) -12%
2,600 2,740 (140) -5%
Kohl's Jan 986 1,167 (181) -16%
135,000 142,000 (7,000) -5%
Waste Management Dec 966 1,007 (41) -4%
43,500 42,800 700 2%
Boston Scientific Dec 933 1,018 (85) -8%
14,000 14,000 0 0%
Progressive Dec 902 1,016 (114) -11%
25,889 25,007 882 4%
United Continental Holdings Dec 589 1,323 (734) -55%
88,000 87,000 1,000 1%
Chesapeake Energy Dec 285 1,936 (1,651) -85%
12,000 12,600 (600) -5%











Total all 91 Before Freddie and Fannie 355,969 334,506 21,463 6.4%
7,805,761 7,896,514 (90,753) -1.1%











Freddie Mac Dec 10,982 (5,266) 16,248 309%
5,017 4,921 96 2%
Fannie Mae Dec 17,220 (16,855) 34,075 202%
7,200 7,000 200 3%











Total all 93
384,171 312,385 71,786 23.0%
7,817,978 7,908,435 (90,457) -1.1%