Sunday, July 10, 2016

The 1,285 Largest US Companies With Market Caps Above $2 Bil Generated Total Audited US GAAP Earnings of $944 Bil in 2015, Up 1,043% From the 2008 Total Earnings of $83 Bil, Or Up More Than Ten Times During the Obama Administration ..... This Is Why the US Stock Market Is Now At a Record High, Why the US Unemployment Rate Has Declined By More Than Half Since 2009 and Also Why Many Executives, Employees and Stockholders Would Like To See Obama Get a Third Presidential Term

The best economic measure of how US Companies have performed is how have they done on the Earnings front.  And by far the most reliable Earnings measure are US GAAP Earnings, with this GAAP being set by the very prestigious US Financial Accounting Standards Board.  Also, the most reliable Earnings Reported are those audited by one of the very prestigious Big 4 CPA firms, and the overwhelming majority of the below US GAAP Earnings amounts were audited by one of the Big 4 independent CPA firms. 

From a review of the fine Google Finance Website and of company financial statements in the US SEC website, I found the 1,285 largest Companies headquartered in the US with Stock Market Capitalizations now of more than $2 Bil.

As you can see in the below chart, the Total US GAAP Audited Earnings of these largest US Companies dropped massively by 87% from 2007 to 2008, which was the US financial meltdown year.  Then, these Total Earnings increased by an almost unbelievable 386% in 2009 over 2008 and increased by an additional 96% in 2010 over 2009, thereby much more than recouping in only two years the total earnings decline resulting from the disastrous 2008 financial meltdown.

But on the downside, 2015 Total Earnings of these 1,285 largest US Companies were down 14% from 2014.  This was attributable to the smaller of these US Companies, those with Market Cap Ranges from $2 Bil to $40 Bil, generating 2015 Total Earnings which were down in the range of 18% to 73% from 2014, while the very largest of these Companies, the 113 with Market Caps above $40 Bil and comprising 69% of the Total Earnings of all 1,285 Companies, generated 2015 Total Earnings which were basically flat with 2014.

Obamacare had a massive Income Inequality Narrowing effect.  The Obama Economic Stimulus Plan enacted in 2009 also was Income Inequality Narrowing.  However, virtually every other very significant piece of US legislation passed during the Obama Administration has helped the very largest of the US Companies and the wealthy much more than it has helped the smaller US Companies and the lower and middle economic classes, which have thus resulted in much in the way of Income Inequality Expansion.  The worst of these was the PATH ACT of 2015, voted for by nearly every Republican US House member and also by the overwhelming majority of Democratic US Senators, which has resulted in huge Income Inequality Expansion and will continue to do so for many years to come. 

First, below here are the total reported Audited US GAAP Earnings (Losses) From Continuing Operations of these 1,285 largest US Companies for all years reported from 2007 through 2015 and the Annual Earnings Percentage Change from the prior year, with the Total Earnings amounts broken down by Company Stock Market Capitalization Range:


2015 2014 2013 2012 2011 2010 2009 2008 2007


US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP


Audited Audited Audited Audited Audited Audited Audited Audited Audited


Net Net Net Net Net Net Net Net Net
# of Income Income Income Income Income Income Income Income Income
Company Market Cap Range Companies (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils











Above $40 Bil 113     646,812     647,485     678,815     590,929     594,543     507,526     341,877     163,115     373,271
$30-40 Bil 37       56,327       69,062       52,892       40,872       46,630       38,726       27,332       10,971       44,619
$20-30 Bil 86       61,336       87,215       92,080       71,735       85,234       61,015       29,726       20,906       63,825
$10-20 Bil 180       67,550     110,192     107,529       87,041       90,470       75,685       34,094      (12,248)       50,945
$5-10 Bil 285       74,330     104,741     102,157       83,358       65,700       67,061       34,103      (30,363)       48,293
$3-5 Bil 276       25,994       39,502       43,012       37,251       28,626       32,726         9,488        (5,790)       21,146
$2-3 Bil 308       11,380       42,827     107,064       36,876         1,284         3,393      (75,462)      (64,054)       13,018
Totals (All Above $2Bil) 1285     943,729  1,101,024  1,183,549     948,062     912,486     786,132     401,157       82,537     615,118











Annual Earnings % Change vs Prior Year








Above $40 Bil 113 -0.1% -5% 15% -1% 17% 48% 110% -56%
$30-40 Bil 37 -18% 31% 29% -12% 20% 42% 149% -75%
$20-30 Bil 86 -30% -5% 28% -16% 40% 105% 42% -67%
$10-20 Bil 180 -39% 2% 24% -4% 20% 122% 378% -124%
$5-10 Bil 285 -29% 3% 23% 27% -2% 97% 212% -163%
$3-5 Bil 276 -34% -8% 15% 30% -13% 245% 264% -127%
$2-3 Bil 308 -73% -60% 190% 2772% -62% 104% -18% -592%
Totals (All Above $2 Bil) 1285 -14% -7% 25% 4% 16% 96% 386% -87%











2015 Total Earnings  % Above 









….. 2008 Total Earnings
1,043%







….. 2007 Total Earnings
53%








In my most recent posts, I have shown the US GAAP Audited Earnings (Losses) for each of the 997 largest US Companies with stock market capitalizations of above $3 Bil.  Thus, below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of the 308 US Companies with recent stock market caps of $2-3 Bil, for all years reported from 2007 through 2015, with all companies presented in recent Stock Market Cap order:




2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net
City State 2015 Income Income Income Income Income Income Income Income Income
Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
Market Caps $2-3 Bil











Emcor Group Inc Norwalk CT Dec15          173          178          150          157          125          (82)          163          184          126
PolyOne Corp Avon Lake OH Dec15          145            77            93            53          153          152          107        (417)            41
Valmont Industries Valley NE Dec15            45          189          280          239          237          100          154          136            97
Cimpress NV Waltham MA Jun15            89            43            29            44            82            68            56            40            27
Pandora Media Oakland CA Dec15        (170)          (30)          (27)          (38)          (20)          (11)          (17)          (28)          (14)
First Citizens BancShares Raleigh NC Dec15          210          139          167          132          194          192          116            91          109
Integra Lifesciences Holdings Plainsboro NJ Dec15              7            36            22            48            32            66            51            28            26
Vista Outdoor Inc Clearfield UT Mar16          147            80          133            65            11            78            68        
Trinity Industries Inc Dallas TX Dec15          826          709          386          252          147            69        (138)          282          290
Fitbit San Francisco CA Dec15          176          132          (52)            (4)            (4)            (1)


Federated Investors Inc Pittsburgh PA Dec15          172          150          166          198          155          189          209          229          223
CLARCOR Franklin TN Nov15          135          144          118          123          124            96            72            96            91
Dycom Industries Palm Beach Gardens FL Jul15            84            40            35            39            16              6          (53)            24            42
Cabot Corp Boston MA Sep15        (328)          216          161          202          205          143          (75)          106          142
Murphy USA El Dorado AR Dec15          138          223          154          138          188          126            36          211    
Hudson Pacific Properties Inc Los Angeles CA Dec15          (16)            24              1            (5)            (6)            (4)            (1)            (3)            (4)
Horizon Pharma PLC Deerfield IL Dec15            40        (264)        (149)          (88)        (113)          (27)          (21)          (28)          (26)
Healthcare Services Group Bensalem PA Dec15            58            22            47            44            38            34            30            27            30
American Eagle Outfitters Pittsburgh PA Jan16          213            89            83          264          175          196          228          230          434
Chimera Investment Corp New York NY Dec15          250          589          363          328          137          248          231        (136)            (3)
Proofpoint Sunnyvale CA Dec15        (106)          (64)          (28)          (20)          (20)          (21)          (20)          (26)          (12)
National Health Investors Murfreesboro TN Dec15          150          103            79            73            70            59            57            50            74
Prestige Brands Holdings Tarrytown NY Mar16          100            78            73            66            37            29            32        (190)            31
Catalent Inc Somerset NJ Jun15          210            18          (51)            18          (29)        (237)        (198)        
Brandywine Realty Trust Radnor PA Dec15          (31)              6            39          (37)          (25)          (43)              4            (2)              5
SLM Corp Newark DE Dec15          274          194          259          218            54          (94)            
LifePoint Health Brentwood TN Dec15          193          135          132          156          166          159          142          129          122
Bank of Hawaii Honolulu HI Dec15          161          163          151          166          160          184          144          192          184
Tupperware Brands Orlando FL Dec15          186          214          274          193          218          226          175          161          117
RLI Corp Peoria IL Dec15          138          135          126          103          127          128            94            79          176
Mercury General Corp Los Angeles CA Dec15            74          178          112          117          191          152          403        (242)          238
Sinclair Broadcast Group Hunt Valley MD Dec15          176          215            64          144            77            76        (138)        (249)            17
Air Lease Corp Los Angeles CA Dec15          253          256          190          132            53          (52)


United States Steel Corp Pittsburgh PA Dec15     (1,642)          102     (1,645)        (125)          (53)        (482)     (1,406)       2,154          890
Physicians Realty Trust Milwaukee WI Dec15            13            (4)            (3)            (3)            (3)



Chesapeake Energy Oklahoma City OK Dec15   (14,635)       2,056          894        (594)       1,757       1,774     (5,805)          604       1,455
PS Business Parks Glendale CA Dec15          149          205          116            94          100            96            91            84            81
Starz Englewood CO Dec15          237          269          250          252          244          156          213        (960)            95
Owens-Illinois Perrysburg OH Dec15          162          215          348                        
National Beverage Corp Ft Lauderdale FL Apr15            49            44            47            44            41            33            25            22            25
Cable One Phoenix AZ Dec15            89          147          105            94




Beacon Roofing Supply Herndon VA Sep15            62            54            73            76            59            35            52            40            25
Tenet Healthcare Corp Dallas TX Dec15            76            98          (93)          209          103       1,135          228            79          (35)
Ellie Mae Inc Pleasanton CA Dec15            22            15            13            19              4              1              2            (1)              1
Apollo Global Management LLC New York NY Dec15          134          168          659          311        (469)            95        (155)        (912)        (570)
Superior Energy Services Houston TX Dec15     (1,808)          281            45          384          159            72        (121)          336          272
Virgin America Burlingame CA Dec15          341            60            10        (145)        (100)          (69)          (81)    
Oshkosh Corp Oshkosh WI Sep15          230          309          316          246          279          816     (1,167)          289          285
Monolithic Power Systems San Jose CA Dec15            35            35            23            16            13            30            20            24            12
Molina Healthcare Long Beach CA Dec15          143            63            45            13            77            51            31            60            58
Tenneco Inc Lake Forest IL Dec15          303          270          222          304          183            63          (54)        (405)              5
Demandware Burlington MA Dec15          (37)          (27)          (18)            (4)              4              0          (10)          (25)          (14)
Cantel Medical Corp Little Falls NJ Jul15            48            43            39            31            20            20            16              9              8
Prospect Capital Corp New York NY Jun15          346          319          221          191          118            20            35            28            17
Fresh Del Monte Produce Coral Gables FL Dec15            66          145          (34)          145            95            61          145          157          180
Home Bancshares Inc Conway AR Dec15          138          113            67            63            55            18            27            10            20
RLJ Lodging Trust Bethesda MD Dec15          191          136          107            43            (9)          (41)        (125)          (28)            12
GameStop Grapevine TX Jan16          403          393          354        (270)          339          407          376          398          288
Lions Gate Entertainment Corp Santa Monica CA Mar16            43          182          152          232          (39)          (30)          (30)        (180)          (87)
Qlik Technologies Inc Radnor PA Dec15          (36)          (25)          (10)              4              9            14              7              3            (0)
Kate Spade & Co New York NY Dec15            22            77          (32)          (53)          101        (164)        (124)        (511)        (432)
Medidata Solutions New York NY Dec15            13              6            17            18            39            23              5          (18)          (24)
Performance Food Group Richmond VA Jun15            57            16              8            21            14              1    

HRG Group New York NY Sep15        (512)          102          (69)          111              7        (196)        (113)        (905)        (563)
Rackspace Hosting San Antonio TX Dec15          122          107            85          105            76            46            30            22            18
Summit Materials Denver CO Dec15            (1)            (6)        (103)          (47)            (5)          (23)            (5)

PNM Resources Albuquerque NM Dec15            31          131          116          120          191          (31)            66        (298)            60
Jack in the Box San Diego CA Sep15          113            95            83            68            86            74          131          118          125
Worthington Industries Columbus OH May16          158            87          160          137          125          124            52        (104)          114
Integrated Device Technology San Jose CA Mar16          195          115          111              3            38            94            65     (1,027)            45
FireEye  Milpitas CA Dec15        (539)        (444)        (121)          (36)          (17)            (9)            (9)

GrubHub New York NY Dec15            38            24              7              8            15



Logitech Intl SA Newark CA Mar16          128          148          106            22          127                
Graham Holdings Arlington VA Dec15        (141)          765            65          (49)            37                
Paycom Software Oklahoma City OK Dec15            21              6              1            (0)              1            (0)            (0)            (4)  NA 
ITT Inc White Plains NY Dec15          312          191          490          110        (577)        (130)        (111)            32            61
Sunstone Hotel Investors Aliso Viejo CA Dec15          340            83            22              1            41          (31)          (44)            28            29
HSN Inc St Petersburg FL Dec15          169          173          178          136          128          100            72     (2,124)          105
Vector Group Ltd Miami FL Dec15            66            49            39            31            75            54            25            61            74
AMC Entertainment Holdings Leawood KS Dec15          104            64          363            13          (90)        (171)            91        (159)            (8)
LaSalle Hotel Properties Bethesda MD Dec15          136          213            90            72            43              3              6            31            55
ProAssurance Corp Birmingham AL Dec15          116          197          298          275          287          232          222          178          168
Primerica Inc Duluth GA Dec15          190          180          159          173          158          231          495          168          594
Ciena Corp Hanover MD Oct15            12          (41)          (85)        (144)        (196)        (334)        (581)            39            83
Belden St Louis MO Dec15            67            74          105            43          101            61            (7)        (317)          136
EnerSys Reading PA Mar16          132          182          147          165          144          113            62            82            60
Corporate Office Properties Trust Columbia MD Dec15          121            35            37              8          (79)            26            55            54            27
Buffalo Wild Wings Minneapolis MN Dec15            95            94            72            57            50            38            31            24            20
Columbia Property Trust Inc Atlanta GA Dec15            45            95            26            21            32            26            42          (23)            (5)
Science Applications Intl McLean VA Jan16          117          141          113          182          182          208          194          176  NA 
Ryman Hospitality Properties Inc Nashville TN Dec15          112          126          118          (27)            10          (92)              7              4          102
Choice Hotels Intl Inc Rockville MD Dec15          128          121          113          122          128          108            98          100          111
Littelfuse Chicago IL Dec15            82            99            89            75            87            79              9              8            37
F.N.B. Corp Pittsburgh PA Dec15          160          144          118          110            87            75            41            36            70
Penske Automotive Group Bloomfield Hills MI Dec15          334          305          249          196          176          122            84        (411)          121
Acadia Realty Trust Rye NY Dec15          150          151            27              9              5            49              2            27              2
UMB Financial Kansas City MO Dec15          116          121          134          123          106            91            89            98            74
Five Below Philadelphia PA Jan16            58            48            32            20            16              7            12            (2)            (3)
Nu Skin Enterprises Provo UT Dec15          133          189          365          222          153          136            90            65            44
Tech Data Corp Clearwater FL Jan16          266          175          180          183          201          213          181          115            99
Zendesk San Francisco CA Dec15          (84)          (67)          (23)          (24)            (7)



MFA Financial New York NY Dec15          313          314          303          307          316          270          268            46            30
Brinker Intl Dallas TX Jun15          197          154          163          151          141          104            72            46          211
Ligand Pharmaceuticals La Jolla CA Dec15          255            11              9            (3)            10          (13)            (8)          (97)          (35)
Helen of Troy Ltd El Paso TX Feb16          101          131            86          116          110            93            72          (57)            62
Allscipts Healthcare Solutions Chicago IL Dec15            (2)          (66)        (104)            (1)            74            63            26            25              4
PRA Health Sciences Raleigh NC Dec15            82          (36)          (88)            (3)            17            (0)          (15)  NA   NA 
Univar Downers Grove IL Dec15            17          (20)          (82)        (197)        (176)          (71)            (2)            (8)            47
Louisiana-Pacific Corp Nashville TN Dec15          (86)          (73)          177            30        (176)          (37)        (122)        (577)        (176)
United Bankshares Inc Charleston WV Dec15          138          130            86            83            76            72            67            87            91
Regal Beloit Corp Beloit WI Dec15          149            36          126          200          158          155            99          129          118
Cree Inc Durham NC Jun15          (64)          124            87            44          147          152            31            32            50
Wintrust Financial Rosemont IL Dec15          157          151          137          111            78            63            73            20            56
QTS Realty Trust Overland Park KS Dec15            24            19              4          (10)            (1)            14            
Janus Capital Group Inc Denver CO Dec15          159          155          122          112          153          169        (744)          147          214
Blackstone Mortgage Trust New York NY Dec15          212          100            25          282          253        (185)        (576)          (58)            84
J C Penney Company Plano TX Jan16        (513)        (717)     (1,278)        (795)        (274)          378          249          567       1,105
Cepheid Sunnyvale CA Dec15          (49)          (50)          (18)          (20)              3            (6)          (23)          (22)          (22)
Associated Banc Corp Green Bay WI Dec15          188          191          189          179          140            (1)        (132)          168          286
Red Rock Resorts Las Vegas NV Dec15          143          131          (79)            33




Wendys Dublin OH Dec15          140          116            48              1              8            18              5        (128)          (57)
Papa John's Intl Inc Louisville KY Dec15            82            78            73            66            58            56            61            39            34
Masimo Corp Irvine CA Dec15            82            74            56            62            64            73            54            32            42
Zynga Inc San Francisco CA Dec15        (122)        (226)          (37)        (209)        (404)            91          (53)          (22)            (1)
KKR Financial Holdings San Francisco CA Dec15        (335)        (113)          293          348          318          371            77     (1,078)          217
Convergys Corp Cincinnati OH Dec15          168          117            59            28          283        (110)            85          147          182
Zebra Technologies Corp Lincolnshire IL Dec15        (137)            32          134          122          130          105            48          (19)          111
United Natural Foods Providence RI Aug15          139          125          108            91            77            68            59            48            50
GEO Group Boca Raton FL Dec15          140          144          117          145            70            54            66            62            38
PDC Energy Denver CO Dec15          (68)          107          (21)          (19)            23            24          (80)          106            26
Darling Ingredients Inc Irving TX Dec15            85            68          109          131          169            44            42            55            46
Virtu Financial New York NY Dec15          197          190          182            88            89



Timken Canton OH Dec15          (68)          149          176          332          281          179          (66)          283          211
Allegiant Travel Co Las Vegas NV Dec15          220            86            92            78            49            66            76            35            32
IBERIABANK Corp Lafayette LA Dec15          143          105            65            76            54            49          158            40            41
Generac Holdings Waukesha WI Dec15            78          175          175            93          325            57            43        (556)          (10)
Mack Cali Realty Corp Edison NJ Dec15        (142)            31          (90)            38            59            46            58            62            89
The Medicines Co Parsippany NJ Dec15        (222)              0            23            51          128          105          (76)            (9)          (18)
Diplomat Pharmacy Flint MI Dec15            25              5          (26)            (3)              9            (8)              3

MKS Instruments Inc Andover MA Dec15          122          116            36            48          130          133        (149)            40            89
Cirrus Logic Inc Austin TX Mar16          124            55          108          137            88          204            38              3            (6)
Select Income REIT Newton MA Dec15            75          106            93            66            69            61            58            52            51
Cheesecake Factory Calabasas Hills CA Dec15          117          101          114            98            96            82            43            52            74
Radian Group Philadelphia PA Dec15          282       1,260        (142)        (224)        (447)     (1,418)        (148)        (411)     (1,290)
Compass Minerals Intl Inc Overland Park KS Dec15          159          218          131            89          149          151          164          160            80
Clear Channel Outdoor Holdings San Antonio TX Dec15          (71)            17          (24)        (159)            63          (76)        (873)     (2,851)          265
Retail Opportunity Investments Corp San Diego CA Dec15            25            21            35              8            10            (0)            (9)              3              2
Globus Medical Audubon PA Dec15          113            92            69            74            61            54            52            21            (7)
Fulton Financial Corp Lancaster PA Dec15          150          158          162          160          146          128            74            (6)          153
WebMD Health Corp New York NY Dec15            64            41            15          (23)            64            52            72          467            41
Lexington Realty Trust New York NY Dec15          113            48          (21)          184              8            (0)        (130)          (15)            11
Owens & Minor Mechansville VA Dec15          103            67          111          109          115          111          117          101            71
Mellanox Technologies Ltd Sunnyvale CA Dec15            93          (24)          (23)          112            10            14            13            22            36
BGC Partners Inc New York NY Dec15          268            (4)          174            36            38            45            41          (10)            33
Washington REIT Washington DC Dec15            89              5            (0)              8          (14)              1            10            (9)              8
Cathay General Bancorp Los Angeles CA Dec15          161          138          124          118          101            12          (67)            51          126
Hawaiian Holdings Inc Honolulu HI Dec15          183            69            52            52            (3)          110          117            29              7
Meredith Corp Des Moines IA Jun15          137          114          124          104          132          106        (101)          135          167
Yelp Inc San Francisco CA Dec15          (33)            36          (10)          (19)          (17)          (10)            (2)            (6)            (3)
WESCO Intl Pittsburgh PA Dec15          208          275          277          202          196          115          105          204          233
Lexmark Intl Lexington KY Dec15          (40)            80          259          111          281          350          146          240          301
WP Glimcher Inc Columbus OH Dec15        (104)          205          187          156          160          154          146          169  NA 
Empire State Realty Trust New York NY Dec15            80            70          156            49            57            45            42            53            69
Mentor Graphics Corp Wilsonville OR Jan16            94          145          154          139            83            29          (22)          (91)            24
Coherent inc Santa Clara CA  Sep15             76            59            66            63            93            37          (35)            23            16
Valley National Bancorp Wayne NJ Dec15          103          116          132          144          133          130          116            94          153
Kite Realty Trust Indianapolis IN Dec15            25          (16)            (1)          (11)              4            (9)              5            10            14
Steven Madden Ltd Long Island City NY Dec15          114          113          133          120            97            76            50            28            36
Tootsie Roll Industries Chicago IL Dec15            66            63            61            52            44            53            54            39            52
PriceSmart San Diego CA Aug15            89            93            84            68            62            49            42            38            13
Laredo Petroleum Tulsa OK Dec15     (2,210)          266          117            62          106            88        (184)        (192)            (6)
ACI Worldwide Naples FL Dec15            85            68            64            49            46            27            20            11            (9)
Chemed Corp Cincinnati OH Dec15          110            99            77            89            86            82            74            68            60
HB Fuller St Paul MN Nov15            88            50            96            68            80            64            84            19          101
Cavium Inc San Jose CA Dec15          (17)          (26)          (14)        (114)              0            37          (21)              2              2
Monro Muffler Brake Rochester NY Mar16            67            62            54            43            55            46            33            24            22
Wolverine World Wide Rockford MI Dec15          123          134          101            81          123          104            62            96            93
AllianceBernstein Holding LP New York NY Dec15          188          181          166            51          (93)          134          167          245          376
UniFirst Corp Wilmington MA Aug15          124          120          117            95            76            76            76            61            45
AVX Corp Fountain Inn SC Mar16          102          226          127          (64)          153          244          143            81          149
Intl Speedway Daytona Beach FL Nov15            57            67            45            55            69            55              7          135            86
Eastgroup Properties Jackson MS Dec15            48            48            32            26            23            19            27            33            29
Axiall Corp Atlanta GA Dec15        (849)            64          150            79            51            43          131        (255)        (245)
Myriad Genetics Salt Lake City UT Jun15            80          176          147          112          101          152          136            74            45
Paylocity Holding Corp Arlington Heights IL Jun15          (14)            (7)              1              2            (0)    


Hecla Mining Co  Coeur D'Alene   ID Dec15          (87)            18          (25)            15          151            49            68          (37)            68
US Silica Holdings Inc  Frederick  MD Dec15            12          122            75            79            30            11              6            17            (7)
Big Lots Columbus OH Jan16          143          137          141          191          220          220          201          155          151
J & J snack Foods Corp Pennsauken NJ Sep15            70            72            64            54            55            48            41            28            32
Wageworks San Mateo CA Dec15            23            18            22            10            33          (17)            (1)            (4)            (3)
Core-Mark Holding Co Inc South San Francisco CA Dec15            52            43            42            34            26            18            47            18            24
NetScout Systems Westford MA Mar16          (28)            61            49            41            32            37            28            20            (2)
SolarCity Corp San Mateo CA Dec15        (769)        (375)        (152)        (114)          (74)          (47)          (23)          (26)          (11)
Visteon Van Buren Township MI Dec15            42          (75)          555            56          (12)          806          184        (647)        (305)
Media General Inc Richmond VA Dec15          (40)            57              4            36          104          (39)          (51)        (286)              9
Knight Transportation Phoenix AZ Dec15          118          104            70            65            61            59            51            56            63
Swift Transportation Phoenix AZ Dec15          198          161          155          140          103        (116)        (436)        (147)        (127)
Fairchild Semiconductor Intl San Jose CA Dec15          (15)          (35)              5            25          146          153          (60)        (167)            64
Washington Federal Seattle WA Sep15          160          157          152          138          111          119            48            62          135
Neogen Corp Lansing MI May15            34            28            27            22            23            18            14            12              9
CACI International Arlington VA Jun15          126          136          153          168          145          107            90            78            78
Cal-Maine Foods Inc Jackson MS May15          162          110            51            90            58            66            80          152            36
G-III Apparel Group Ltd New York NY Jan16          114          109            76            57            50            57            32          (14)            17
Selective Insurance Group Branchville NJ Dec15          166          142          107            38            23            71            45            44          144
Churchill Downs Louisville KY Dec15            65            46            55            58            61            20            18            29            17
Nevro Corp Redwood City CA Dec15          (67)          (31)          (26)          (19)




FS Investment Corp Philadelphia PA Dec15            38          195          266          330            53            28            11            (1)              0
Kite Pharma Santa Monica CA Dec15        (102)          (43)            (6)            (3)




Care Capital Properties Chicago IL Dec15          144          158          175          173




National General Holdings New York NY Dec15          156          105            42            33            44          102


Cousins Properties Atlanta GA Dec15          126            32          112            28        (132)          (33)            14            24            15
First Financial Bankshares Abilene TX Dec15          100            90            79            74            68            60            54            53            49
Fannie Mae Washington DC Dec15     10,955     14,209     83,962     17,220   (16,855)   (14,018)   (72,022)   (58,728)     (2,071)
Impax Laboratories Inc Hayward CA Dec15            39            57          101            56            65          250            50            16          125
Armstrong World Industries Lancaster PA Dec15            53          102          127          159          142            40            78            80          153
Ormat Technologies Reno NV Dec15          123            55            37        (216)          (45)            31            65            46            27
Drew Industries Inc Elkhart IN Dec15            74            62            50            37            30            28          (24)            12            40
HNI Corp Muscatine IA Dec15          105            61            63            48            46            30            (2)            51          123
INC Research Holdings Raleigh NC Dec15          117          (23)          (42)          (59)          (60)



Coeur Mining Chicago IL Dec15        (367)     (1,187)        (651)            49            93          (83)          (43)            (8)            31
Kosmos Energy Ltd Dallas TX Dec15          (70)          279          (91)          (67)            22        (246)          (80)          (49)          (61)
Dril-Quip Houston TC Dec15          192          209          170          119            95          102          105          106          108
Joy Global Inc Milwaukee WI Oct15     (1,178)          338          537          767          631          461          455          373          280
Texas Capital Bancshares Dallas TX Dec15          145          136          121          121            76            37            24            24            29
Alexanders Inc Paramus NJ Dec15            77            67            55            50            55            49          133            76          116
Covanta Holding Corp Morristown NJ Dec15            69            (1)            42          138            98            44            65            92            85
Terex orp Westport CT Dec15          146          259          204            75            20        (198)        (406)          (75)          528
Boston Beer Co Inc Boston MA Dec15            98            91            70            59            66            50            31              8            22
Cornerstone OnDemand Santa Monica CA Dec15          (86)          (65)          (40)          (31)          (64)          (48)            (8)          (10)            (6)
PBF Renergy Inc Parsippany NJ Dec15          196            78          214          804          243          (44)            (6)            (6)
Dillard's Inc Little Rock AR Jan16          269          332          324          336          464          180            69        (241)            54
TCF Financial Corp Wayzata MN Dec15          206          182          158        (207)          114          154            87          129          267
Pegasystems Inc Cambridge MA Dec15            36            33            38            22            10            (6)            32            11              7
Mineral Technologies New York NY Dec15          112            93            89            79            73            71          (18)            58          (23)
Silicon Laboratories Austin TX Dec15            30            38            50            64            35            73            73            33            40
Cotiviti Holdings Atlanta GA Dec15            13          (26)            24





Rowan Companies PLC Houston TX Dec15            93        (119)          253          203          136          268          328          406          391
Interval Leisure Group Miami FL Dec15            75            82            82            41            41            42            38            45            71
Kennedy-Wilson Holdings Beverly Hills CA Dec15            59            90            14              7              7              7          (10)              1              9
Pinnacle Financial Partners Nashville TN Dec15            96            70            58            42            44          (24)          (36)            31            23
Pure Storage Mountain View CA Jan16        (214)        (183)          (79)          (23)




Greif Inc Delaware OH Oct15            67            45          148          124          180          209          114          247          156
Enregris Inc Billerica MA Dec15            80              8            75            69          124            85          (58)        (516)            46
NOW Inc Houston TX Dec15        (502)          116          147          108            85            50            29        
SunPower Corp San Jose CA Dec15        (299)          183            34        (352)        (614)          167            33        (124)            28
Nektar Therapeutics San Francisco CA Dec15          (81)          (54)        (162)        (172)        (134)          (38)        (103)          (34)          (33)
Hilltop Holdings Dallas TX Dec15          213          113          127            (5)            (7)            (1)            (2)          (23)            15
Rexnord Corp Milwaukee WI Mar16            69            92            25            47            31          (54)            88        (429)            (0)
Watts Water Technologies North Andover MA Dec15        (113)            50            61            70            77            64            41            43            73
Targa Resources Partners LP Houston TX Dec15          (59)          505          259          203          246          134              7          235            33
Diamond Resorts Intl Las Vegas NV Dec15          149            59            (3)            14            10          (19)          (21)          (89)  NA 
Carrizo Oil & Gas Houston TX Dec15     (1,158)          222            22            51            33            12        (205)          (45)            15
Sterling Bancorp Montebello NY Sep15            66            28            25            20            12            20            26            24            20
BancorpSouth Inc Tupelo MS Dec15          127          117            94            84            38            23            83          120          138
TRI Pointe Group Irving CA Dec15          207            84        (151)            61            35            52            
Ultragenyx Pharmaceuticals Novato CA Dec15        (146)          (60)          (35)          (16)            (7)



Boyd Gaming Corp Las Vegas NV Dec15            47          (42)        (119)        (918)          (11)            12              4        (223)          121
Novavax Gaithersburg MD Dec15        (157)          (83)          (52)          (29)          (19)          (36)          (40)          (35)          (29)
Electronics For Imaging Fremont CA Dec15            34            34          109            83            27              7            (2)        (113)            27
Dominion Midstream Partners LP Richmond VA Dec15          197          107          109            97




Masonite Intl Corp Tampa FL Dec15          (42)          (33)            (8)          (22)            (4)              6        (157)     (1,234)  NA 
Verint Systems Inc Melville NY Jan16            22            36            59            59            41            29            17          (79)        (198)
MicroStrategy Inc Tysons Corner VA Dec15          106              5            27            22            22            46            61            42            59
AMN Healthcare Services Inc San Diego CA Dec15            82            33            33            16              5          (53)        (122)            34            36
Sanmina Corp San Jose CA Sep15          377          197            79          180            69          122        (138)        (513)     (1,143)
Hancock Holding Co Gulfport MS Dec15          131          176          163          152            77            52            75            65            74
Sanderson Farms Inc Laurel MS Oct15          216          249          131            54        (127)          135            82          (43)            79
Shenandoah Telecommunications Edinburg VA Dec15            41            34            30            17            14            19            25            26            22
Bloomin' Brands Inc Tampa FL Dec15          132            96          215            61          109            59          (65)        (866)          (24)
Lithia Motors Inc Medford OR Dec15          183          136          105            79            55            14              7        (221)            23
On Assignment Calabasas CA Dec15            71            73            51            33            16              3              5            19              9
Northstar Realty Finance New York NY Dec15        (159)        (276)          (79)        (258)        (234)        (377)        (154)          699            49
MGIC Investment Corp Milwaukee WI Dec15       1,172          252          (50)        (927)        (486)        (364)     (1,322)        (525)     (1,670)
VeriFone Systems San Jose CA Oct15            80          (36)        (295)            66          282            99        (138)        (425)          (34)
Suburban Propane Partners LP Wippany NJ Sep15            84            95            79              1          115          115          165          111          123
Stifel Financial Corp St Louis MO Dec15            92          179          173          145            84              1            76            56            32
Terra Nitrogen LP Deerfield IL Dec15          307          370          502          561          508          202          144          422          206
Holly Energy Partners LP Dallas TX Dec15          148          114            86            91            73            56            46            21            35
MasTec Coral Gables FL Dec15          (80)          122          148          117            98            66            71            67              6
ABM Industries New York NY Oct15            54            67            63            57            61            64            55            53            51
Surgical Care Affiliates Inc Deerfield IL Dec15          274          167            64            79            86            79            60

LPL Financial Holdings Boston MA Dec15          169          178          182          152          170          (57)            48            45            61
NorthStar Asset Management Group New York NY Dec15          121            19            (2)          (17)          (26)          (15)          (10)            (8)  NA 
Artisan Partners Asset Management Milwaukee WI Dec15          212          239        (234)            43          130            43            48          183            95
Universal Forest Products Inc Grand Rapids MI Dec15            85            62            46            26              6            20            25              5            23
Matador Resources Dallas TX Dec15        (680)          111            45          (33)          (10)              6          (14)          104            (0)
Domtar Corp Fort Mill SC Dec15          142          431            91          172          365          605          310        (573)            70
Evercore Partners Inc New York NY Dec15            58          107            75            39            14            20              2          (10)          (67)
Glacier Bancorp Kalispell MT Dec15          116          113            96            76            50            42            34            66            69
Hillenbrand Inc Batesville IN Dec15          113          111            65          105          106            92          102            93          100
Balchem New Hampton NY Dec15            60            53            45            40            39            33            27            19            16
CommVault Systems Inc Tinton Falls NJ Mar16              0            26            64            53            32            21            18            12            21
Groupon Chicago IL Dec15          (89)          (18)          (89)          (51)        (298)        (413)            (1)            (2)
KBR Inc Houston TX Dec15          226     (1,198)          171          202          540          395          364          356          204
InterDigital Inc Wilmington DE Dec15          116          101            36          272            89          154            87            26            20
Planet Fitness Inc Newington MA Dec15            38            37            26            25            29            17            
Moog Inc East Aurora NY Sep15          132          158          120          152          136          108            85          119          101
Taylor Morrison Home Corp Scottsdale AZ Dec15          171          226            28          356              8              8            (1)        (397)        (632)
Noble Corp PLC Sugar Land TX Dec15          583          (77)          546          448          364          773       1,679       1,561       1,206
Houghton Mifflin Harcourt Boston MA Dec15        (134)        (111)        (111)          (87)     (2,182)        (820)     (2,145)     (1,462)    
CEB Inc Arlington VA Dec15            93            51            32            37            57            52            50            67            82
Marriott Vacations Worldwine Orlando FL Dec15          123            81            80              7        (172)            59        (532)          (16)          178
New York Times New York NY Dec15            63            33            57          164            45            52          (30)        (124)            87
Commercial Metals Company Irving TX Aug15          161          109          105          211            19          (99)              1          232          368
LTC Properties Inc Westlake Village CA Dec15            73            73            55            50            49            45            44            43            48
Ophtotech New York NY Dec15        (106)        (117)          (51)          (15)          (19)



JUNO Therapeutics Seattle WA Dec15        (239)        (243)          (52)





Simpson Manufacturing Co Inc Pleasanton CA Dec15            68            64            51            42            51            45            14            55            70













Total all 308


    11,380     42,827   107,064     36,876       1,284       3,393   (75,462)   (64,054)     13,018
Annual Earnings % Change vs Prior Year

-73% -60% 190% 2772% -62% 104% -18% -592%