Monday, July 4, 2016

The 701 Largest US Companies With Market Caps Above $5 Bil Generated Total Audited US GAAP Earnings of $906 Bil in 2015, Down 11% From the 2014 Total Earnings of $1,019 Bil ..... On the Other Hand, 2015 Total Earnings Were Up an Off-the-Charts 495% From 2008 Total Earnings and Were Even Up 56% From 2007 Total Earnings ..... These Best-of-Breed US Largest Companies Have Recovered From the 2008 Financial Meltdown Substantially Better Than the Largest Companies in Nearly All Other Countries ..... This Huge Earnings Recovery Was Helped By Actions of Both the Obama Administration and the US Fed ..... The 2015 11% Earnings Decline From 2014 Was Due To the Smaller Market Cap ($5-40 Bil) Companies Here ..... There Appears To Be Way Too Much US Congressional Focus on Helping the Very Largest, Most Profitable US Corps ..... No One Appears To Be Fighting For The Struggling Smaller Companies

Since President Obama and Hillary Clinton are campaigning together in Charlotte, NC tomorrow July 5, 2016, I think it would be helpful to research just how well US Companies have performed so far during the Obama Administration.

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 701 largest Companies headquartered in the US with Stock Market Capitalizations now of more than $5 Bil.

As you can see in the below chart, the Total US GAAP Audited Earnings of these largest US Companies dropped massively by 74% from 2007 to 2008, which was the US financial meltdown year.  Then, these Total Earnings increased by an almost unbelievable 207% in 2009 over 2008 and increased by an additional 61% in 2010 over 2009, thereby much more than recouping in only two years the total earnings decline resulting from the disastrous 2008 financial meltdown.

First, below here are the total reported Audited US GAAP Earnings (Losses) From Continuing Operations of these 701 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
Totals (All Above $5 Bil) 701     906,355  1,018,695  1,033,473     873,935     882,577     750,013     467,132     152,381     580,953











Annual Earnings % Change vs Prior Year








Above $40 Bil 113 -0.1% -5% 15% -1% 17% 48% 110% -56%
$30-40 Bil 37 -18.4% 31% 29% -12% 20% 42% 149% -75%
$20-30 Bil 86 -29.7% -5% 28% -16% 40% 105% 42% -67%
$10-20 Bil 180 -38.7% 2% 24% -4% 20% 122% 378% -124%
$5-10 Bil 285 -29.0% 3% 23% 27% -2% 97% 212% -163%
Totals (All Above $5 Bil) 701 -11.0% -1% 18% -1% 18% 61% 207% -74%











2015 Total Earnings  % Above 









….. 2008 Total Earnings
495%







….. 2007 Total Earnings
56%








In my most recent posts, I have shown the US GAAP Audited Earnings (Losses) for each of the 416 largest US Companies with stock market capitalizations of above $10 Bil.  Thus, below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 285 US Companies with stock market caps of $5-10 Bil, for all years reported from 2007 through 2015, with all companies presented in 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 $5-10 Bil











UDR Inc Highlands Ranch CO Dec15          105            16              2          (46)        (123)        (118)          (94)          (63)            45
Mettler-Toledo Intl Columbus OH Dec15          352          338          306          291          269          232          173          203          179
First Data Corp New York NY Dec15     (1,268)        (265)        (775)        (562)        (336)        (847)     (1,015)     (3,608)          307
LKQ Corp Chicago IL Dec15          423          382          312          261          210          167          127            97            64
First Republic Bank San Francisco CA Dec15          522          487          462          401          354          271          347            10            14
Discovery Communications Silver Spring MD Dec15       1,048       1,137       1,077          956       1,136          659          570          404            86
Celanese Irving TX Dec15          287          627       1,101          376          426          361          494          370          327
Medivation San Francisco CA Dec15          245          276          (43)          (41)          (39)          (34)          (55)          (62)          (32)
KKR & Co LP New York NY Dec15       5,275       5,395       7,854       8,028          876       7,776       6,852   (13,055)       2,401
CarMax Richmond VA Feb16          623          597          493          434          414          377          282            59          182
Hologic Marlborough MA Sep15          132            17     (1,173)          (74)          157          (63)     (2,176)        (386)            95
Kansas City Southern Kansas City MO Dec15          485          504          353          379          332          180            68          182          154
Xerox Norwalk CT Dec15          570       1,151       1,159       1,180       1,252          637          516          265       1,165
Ingredion Westchester IL Dec15          412          363          403          434          423          176            47          275          203
Lennar Corp Miami FL Nov15          819          629          505          657          113          120        (446)     (1,113)     (1,941)
Restaurant Brands Intl Miami FL Dec15          512        (269)          234          118            88          187          200

XL Group plc New York NY Dec15       1,313          269       1,137          730        (404)          643            75     (2,554)          300
Western Union Englewood CO Dec15          838          852          798       1,026       1,165          910          849          919          857
Akamai Technologies Cambridge MA Dec15          321          334          293          204          201          171          146          145          101
Cablevision Systems Bethpage NY Dec15          188          309          127            74          239          208          285        (235)            23
Norwegian Cruise Lines Miami FL Dec15          427          343          103          169          127            23            67        (212)        (227)
Mosaic Plymouth MN Dec15       1,002       1,030       1,892       1,931       2,514          832       2,357       2,092          424
TripAdvisor Needham MA Dec15          198          226          205          195          178          139          102            72            52
Lincoln National Corp Radnor PA Dec15       1,154       1,514       1,244       1,286          229          873        (415)          (10)       1,199
Wynn Resorts Ltd Las Vegas NV Dec15          282          963       1,004          729          825          317            39          210          196
KeyCorp Cleveland OH Dec15          919          946          870          842          976          607     (1,263)     (1,287)          967
Snap-on Inc Kenosha WI Dec15          491          432          360          315          284          193          144          244          194
Interpublic Group New York NY Dec15          481          505          289          465          552          281          143          318          184
Autoliv Inc Auburn Hills MI Dec15          458          469          490          486          627          596            13          172          296
Vereit Inc Phoenix AZ Dec15        (323)     (1,011)        (508)          (41)            (4)



Duke Realty Corp Indianapolis IN Dec15          189          216            60          (80)            (1)            39        (254)            86          164
J B Hunt Transport Services Lowell AR Dec15          427          375          342          310          257          200          136          201          213
Sealed Air Charlotte NC Dec15          335          258            95     (1,619)          139          256          244          180          353
Hanesbrands Winston Salem NC Dec15          429          405          330          232          243          193            51          127          126
Cheniere Energy Houston TX Dec15     (1,097)        (692)        (559)        (346)        (203)          (78)        (161)        (373)        (197)
Tesoro Corp San Antonio TX Dec15       1,694          917          434          903          593            (1)        (140)          278          566
Huntington Ingalls Industries Newport News VA Dec15          404          338          261          146        (100)          131          124     (2,420)          276
Expeditors Intl Washington Seattle WA Dec15          459          379          350          333          386          344          240          303          270
Albemarle Corp Charlotte NC Dec15          360          230          436          326          420          329          190          213          247
Verisign Reston VA Dec15          375          355          544          312          139            70            92            32        (245)
Buckeye Partners LP Houston TX Dec15          438          334          352          236          115          201          142          181          161
Fortune Brands Home & Security Deerfield IL Dec15          307          274          209          108              6            61          (39)        (700)          163
ResMed San Diego CA Jun15          353          345          307          255          227          190          146          110            66
Arch Capital Group Ltd White Plains NY Dec15          527          821          710          593          436          843          877          291          858
Coty Inc New York NY Jun15          259          (64)          202        (293)            90            87          126          146            77
Michael Kors Holdings New York NY Mar16          838          881          662          398          147            73            39            13            60
Towers Watson Arlington VA Jun15          386          360          292          238          180          119          147          156          116
Stericycle Lake Forest IL Dec15          268          328          313          270          237          210          176          149          119
IMS Health Holdings Danbury CT Dec15          417        (189)            82          (42)          111        (202)          208          317    
Amdocs Ltd Chesterfield MO Sep15          446          422          412          391          347          344          326          379          365
Juniper Networks Sunnyvale CA Dec15          634        (334)          440          187          425          619          115          512          361
CBRE Group Los Angeles CA Dec15          559          514          322          304          240          142          (28)     (1,076)          400
CNA Financial Chicago IL Dec15          479          888          915          620          629          780          483        (251)          905
WhiteWave Foods Denver CO Dec15          168          140            99          113          114            81            61            66  
Cooper Companies Pleasanton CA Oct15          205          272          297          249          175          113          101            64          (13)
Ally Financial Detroit MI Dec15          897          925          416       1,370        (219)        (334)     (3,370)       4,863     (1,950)
Newfield Exploration Co Woodlands TX Dec15     (3,362)          650            73        (922)          427          429        (542)        (373)          172
The Gap San Francisco CA Jan16          920       1,262       1,280       1,135          833       1,204       1,102          967          867
Sunoco Logistics Partners LP Newtown Square PA Dec15          397          300          474          531          322          348          250          214          121
Valspar Corp Minneapolis MN Oct15          400          345          289          292        (139)          222          160          151          172
Jazz Pharmaceuticals plc Palo Alto CA Dec15          330            57          216          261          125            33            (7)        (184)        (139)
Atmos Energy Corp Dallas TX Sep15          315          290          231          192          190          190          183          173          161
Alleghany Corp New York NY Dec15          562          680          629          702          143          199          271            41          288
Arthur J Gallagher Itasca IL Dec15          389          328          285          211          146          163          133          111          155
Iron Mountain Boston MA Dec15          125          329            99          183          246          166          232            95          171
AES Corp Arlington VA Dec15          752       1,176          730        (420)       1,575       1,481       1,809       1,929          857
Western Gas Equity Partners LP Woodlands TX Dec15          (67)          405          286          123          180          127          109          140          116
IDEXX Laboratories Westbrook ME Dec15          192          182          188          178          162          141          122          116            94
Regency Centers Corp Jacksonville FL Dec15          117          134            84            46            37            (4)          (39)          121          176
Quintiles Transnational Holdings Durham NC Dec15          388          357          226          177          240          165          210            33    
Gartner Inc Stamford CT Dec15          176          184          183          166          137            96            83            97            71
Aramark Philadelphia PA Oct15          237          149            71          107            97            32             -              34    
Bunge Ltd White Plains FL Dec15          755          485          110          378          965       2,350          335       1,326          924
Xylem Rye Brook NY Dec15          340          337          228          297          279          329          263          224          219
Mid-America Apartment Communities Memphis TN Dec15          351          151            38            61            29            23            32            30            33
Wyndham Worldwide Parsippany NJ Dec15          612          529          433          399          417          379          293     (1,074)          403
Synopsys Mountain View CA Oct15          226          259          248          182          221          237          168          190          130
Scripps Networks Interactive Knoxville TN Dec15          778          727          683          850          637          516          359          116          351
Embridge Energy Partners LP Houston TX Dec15          454          740          160          550          677        (138)          393          395          218
Garmin Ltd Olathe KS Dec15          456          364          612          542          521          585          704          733          855
Varian Medical Systems Palo Alto CA Sep15          412          404          438          427          409          367          332          295          243
IHS Inc Englewood CO Nov15          189          178          117          143          126          134          125            51            84
ANSYS Inc Canonsburg PA Dec15          253          255          245          203          181          153          116          112            82
Teleflex Inc Wayne PA Dec15          237          191          152        (182)          119            88          127            61          (75)
AGL Resources Atlanta GA Dec15          373          580          308          274          186          250          249          237          241
UGI Corp King of Prussia PA Sep15          414          533          428          198          308          356          382          305          311
Broadridge Financial Solutions Lake Success NY Jun15          287          263          212          125          172          225          223          188          200
A O Smith Milwaukee WI Dec15          283          208          170          163          111            57            61            47            63
Camden Property Trust Houston TX Dec15          258          301          156          161            24              8          (66)            (7)            53
Alexandria Real Estate Equities Pasadena CA Dec15          146            99          135            95          117            63          135          100            76
Antero Resources Corp Denver CO Dec15          980          674          (24)          225          271              0          (60)          (43)
Tiffany & Co New York NY Jan16          464          484          181          416          439          368          266          232          370
PVH Corp New York NY Jan16          572          439          143          434          276            54          162            92          183
SEIC Investments Oaks PA Dec15          332          319          288          208          207          233          272          268          434
Brixmor Property Group New York NY Dec15          198          113          (81)        (150)          118        (275)        (128)        (970)    
Unum Group Chattanooga TN Dec15          867          402          847          888          284          879          853          553          672
Darden Restaurants Orlando FL May16          360          196          183          237          279          270          223        
Everest Re Group Ltd Liberty Corner NJ Dec15       1,074       1,258       1,265          829          (80)          611          807          (19)          839
Torchmark Corp McKinney TX Dec15          516          528          507          509          483          504          386          430          489
Msci Inc New York NY Dec15          230          199          200          165          159            88            82            68            81
W R Berkley Corp Greenwich CT Dec15          504          650          505          511          391          447          309          281          309
F5 Networks Seattle WA Sep15          365          311          277          275          241          151            92            74            77
Ralph Lauren New York NY Mar16          396          702          776          750          681          568          480          406          422
Rite Aid Corp Camp Hill  PA Feb16          165       2,109          249          118        (369)        (555)        (507)     (2,912)     (1,076)
Helmerich & Payne Tulsa OK Sep15          422          709          721          574          435          286          381          421          416
Affiliated Managers Group West Palm Beach FL Dec15          834          786          670          411          360          287          213          132          457
Lear Corp Southfield MI Dec15          796          702          456       1,317          570          461        (377)        (664)          267
National Retail Properties Orlando FL Dec15          188          180          154          132            84            64            55            96            76
Sabre Corp Southlake TX Dec15          235          111            52        (215)          113            82            
Icahn Enterprises LP New York NY Dec15     (2,127)        (529)       2,444          762       1,800          744       1,224     (3,173)          480
Huntington Bancshares Columbus OH Dec15          693          632          641          631          641          543          312     (3,094)        (114)
Foot Locker New York NY Jan16          541          520          429          397          278          169            47          (79)            43
Range Resources Corp Fort Worth TX Dec15        (714)          634          116            13            43            89            39          329          134
Cadence Design Systems San Jose CA Dec15          252          159          164          440            72          127        (150)     (1,857)          287
New York Community Bancorp Westbury NY Dec15          (47)          485          476          501          480          541          399            78          279
Comerica Dallas TX Dec15          521          593          541          521          393          260            16          212          682
Alaska Air Group Seattle WA Dec15          848          605          508          316          245          251          122        (136)          124
Ashland Inc Covington KY Sep15          191            72          553            14              3              7        (240)            87          257
Splunk San Francisco CA Jan16        (279)        (217)          (79)          (37)          (11)            (4)            (7)          (15)            (7)
W P Carey New York NY Dec15          185          213            94            88          153            84            64            69            67
Crown Holdings Philadelphia PA Dec15          461          475          428          664          396          452          450          330          601
AMERCO Reno NV Mar16          489          357          342          265          205          184            66            13            68
NVR Inc Reston VA Dec15          383          282          266          181          129          206          192          101          334
Gaming and Leisure Properties Inc Wyomissing PA Dec15          128          139            15            23            27            15            20            22  
CoStar Group Inc Washington DC Dec15            (3)            45            30            10            15            13            19            25            16
Apartment Investment&Mgt Co Denver CO Dec15            91            67            35          (19)        (136)        (161)        (198)        (118)          (50)
Seagate Technology Cupertino CA Jun15       1,742       1,570       1,838       2,862          511       1,609     (3,125)       1,251          933
Spectrum Brands Holdings Inc Middleton WI Sep15          149          215          (55)            49          (75)        (187)        (109)        (905)        (563)
Computer Sciences Corp Tysons VA Mar16            72        (207)          520            (1)        (769)     (2,942)          409       1,072          905
Kohl's Corp Menomonee Falls WI Jan16          673          867          889          986       1,167       1,120          991          885       1,084
Raymond James Financial St Petersburg FL Sep15          481          448          397          292          268          223          140          231          241
Goodyear Tire & Rubber Akron OH Dec15          376       2,521          675          237          417        (164)        (364)          (23)          190
Leggett & Platt Carthage MO Dec15          328          225          186          232          173          177          121          128            65
Fluor Corp Irving TX Dec15          481          852          823          571          698          441          733          749          547
Carlisle Companies Inc Charlotte NC Dec15          320          252          235          229          172          108          155            92          202
ADT Corp Boca Raton FL Sep15          296          304          421          394          376          239          243          222          212
Oaktree Capital Group LLC Los Angeles CA Dec15     (1,533)       2,176       6,211       6,672        (309)       5,281     11,874     (7,638)          931
HD Supply Holdings Atlanta GA Jan16       1,326          (42)        (252)     (1,145)        (607)        (634)        (481)     (1,148)          (70)
Targa Resources Corp Houston TX Dec15        (151)          423          201          159          215            63            79          134          104
PulteGroup Atlanta GA Dec15          494          474       2,620          206        (210)     (1,097)     (1,183)     (1,473)     (2,274)
Domino's Pizza Ann Arbor MI Dec15          193          163          143          112          105            88            80            54            38
Macquarie Infrastructure Corp New York NY Dec15        (114)       1,039            28            14            29            10        (109)          (70)          (43)
RPM Intl Medina OH May15          228          306          110          234          203          181          120            44          208
Jack Henry & Associates Monett MO Jun15          211          187          168          152          128          117          103          105          106
Qorvo Greensboro NC Mar16          (29)          196            13          (53)              1          125            
Zayo Group Holdings Boulder CO Jun15        (155)        (182)        (146)          (10)            (7)          (14)          (10)        
AerCap Holdings NV Los Angeles CA Dec15       1,177          808          295          158          225          240          206          141          174
Mallinckrodt plc Hazelwood MO Dec15          308        (144)              8            59            71          146          316          239    
MEDNAX Sunrise FL Dec15          336          317          281          241          218          203          176          147          140
NetApp Sunnyvale CA Apr15          229          560          638          505          605          673          400            65          310
Equity Lifestyle Properties Chicago IL Dec15          151          138            77            64            42            61            51            39            44
Hyatt Hotels Chicago IL Dec15          124          346          205            87          111            51          (45)          114          266
Bed Bath & Beyond Union NJ Feb16          841          957       1,022       1,038          990          791          600          425          563
Align Technology San Jose CA Dec15          144          146            64            59            67            74          (31)            80            36
News Corp New York NY Jun15        (147)          239          506     (2,075)          678          243     (2,365)          876    
FactSet Research Systems Norwalk CT Aug15          241          212          199          189          171          150          145          125          110
DDR Corp Beachwood OH Dec15        (238)            21            21            28          (10)        (172)        (231)          (45)          162
Allegion PLC Carmel IN Dec15          154          186            36          224          232          202          180          (77)    
CDW Corp Vernon Hills IL Dec15          403          245          133          119            17          (29)        (373)     (1,765)          134
Nordstrom Seattle WA Jan 16          600          720          734          735          683          613          441          401          715
DexCom Inc San Diego CA Dec15          (58)          (22)          (30)          (55)          (45)          (55)          (54)          (59)          (48)
Avery Denison Glendale CA Dec15          274          247          242          158          142          234        (835)          153          172
BorgWarner Auburn Hills MI Dec15          646          688          651          522          571          396            36          (19)          317
Middleby Elgin IL Dec15          192          193          154          121            95            73            61            64            53
CIT Group Livingston NJ Dec15       1,067       1,079          650        (532)            20          526     (3,971)        (632)          795
Signet Jewelers Ltd Akron OH Jan16          468          381          368          360          324          200          157        (403)          210
Rollins Inc Atlanta GA Dec15          152          138          123          111          101            90            84            69            65
American Campus Communities Austin TX Dec15          118            61            47            48            34            18              0            (9)            (1)
Leucadia National Corp New York NY Dec15          247          215          409          903            13       1,901          485     (2,583)          469
Signature Bank New York NY Dec15          373          297          229          185          150          102            63            43            27
American Financial Group Cincinnati OH Dec15          370          406          453          402          319          426          530          200          413
Lamar Advertising Baton Rouge LA Dec15          263          254            40              8              7          (39)          (58)              2            41
American Capital Agency Bethesda MD Dec15          215        (233)       1,259       1,277          770          288          119            35  
Omega Healthcare Investors Hunt Valley MD Dec15          233          221          173          121            53            58            82            78            68
EQT Midstream Partners LP Pittsburgh PA Dec15          393          267          190          110            61            32            14              8            14
Diamondback Energy Inc Midland TX Dec15        (548)          196            55          (37)            (0)              8            (3)          (94)            (4)
Packaging Corp of America Lake Forest IL Dec15          437          393          441          160          159          210          266          136          170
Lennox Intl Richardson TX Dec15          187          208          180          135          112          126            62          124          166
Flextronics Intl Ltd San Jose CA Mar16          444          601          366          303          521          612            25     (6,123)        (664)
FMC Technologies Houston TX Dec15          395          705          507          435          404          378          363          354          262
Plum Creek Timber Seattle WA Dec15          197          214          214          203          193          202          236          233          280
WestinghouseAirBrake Technologies Wilmerding PA Dec15          399          352          292          252          170          123          115          131          109
IDEX Corp Lake Forest IL Dec15          283          279          255            38          194          157          113          127          154
Reinsurance Group of America Chesterfield MO Dec15          502          684          419          632          546          536          407          188          308
Axalta Coating Systems Ltd Philadelphia PA Dec15            98            35        (210)          248          182          173            78    
E*TRADE Financial New York NY Dec15          268          293            86        (113)          157          (28)     (1,298)        (809)     (1,442)
Zillow Group Inc Seattle WA Dec15        (149)          (44)          (12)            (6)              1            (7)          (13)          (21)          (20)
Owens Corning Toledo OH Dec15          334          228          205          (16)          281          940            67        (811)            29
Ultimate Software Group Weston FL Dec15            23            45            26            15              4              3            (1)            (3)            33
Trimble Navigation Ltd Sunnyvale CA Dec15          121          214          218          190          149          104            64          141          117
Pilgrim's Pride Corp Greeley CO Dec15          646          711          550          174        (496)            90        (152)        (991)            52
Kilroy Realty Corp Los Angeles CA Dec15          239            59            15            (5)          (17)            (7)            28            41            39
Jacob's Engineering Group Pasadena CA Sep15          329          352          440          391          335          246          399          421          287
Liberty Broadband Corp Englewood CO Dec15          (50)        (135)          (42)            44          607            62          (22)    
TransUnion Chicago IL Dec15            15            (4)          (28)          (56)            49            37          132          134          190
Sensata Technologies Holding NV Attleboro MA Dec15          348          284          188          177              6          130          (27)        (114)        (234)
Sirona Dental Systems Long Island City NY Sep15          188          177          149          136          124            91            54            30            57
Steel Dynamics Fort Wayne IN Dec15        (145)            92          164          142          266          130          (11)          455          394
FMC Corp Philadelphia PA Dec15        (178)          308          372          346          311                
Spirit Realty Capital Scottsdale AZ Dec15            25          (51)          (33)          (73)          (48)          (65)          (74)  NA   NA 
United Rentals Stamford CT Dec15          585          540          387            75          101          (22)          (60)        (704)          363
Shell Midstream Partners LP Houston TX Dec15          273          149            71            84




Flowserve Corp Irving TX Dec15          273          525          488          451          429          389          428          445          258
Tyler Technologies Plano TX Dec15            65            59            39            33            28            25            27            15            18
Forest City Realty Trust Cleveland OH Dec15          532            (8)            35          (17)        (102)                
NetSuite San Mateo CA Dec15        (124)        (100)          (70)          (35)          (32)          (27)          (24)          (17)          (25)
Seattle Genetics Bothell WA Dec15        (120)          (76)          (63)          (54)        (152)          (66)          (82)          (86)          (49)
STERIS Corp Mentor OH Mar16          112          135          129          160          136            51          128          111            77
Enable Midstream Partners LP Oklahoma City OK Dec15        (771)          533       1,618          316          232          224          197          262  
Staples Framingham MA Jan16          379          135          707        (161)          987          899          757          814          995
Commscope Holding Company Hickory NC Dec15          (71)          237            19              5        (392)            44            78        (229)  
Frontier Communications Corp Stamford CT Dec15        (196)          133          115          153          158          156          123          184          217
PerkerElmer Waltham MA Dec15          213          161          174            71              3          140            73            45          102
Alnylam Pharmaceuticals Cambridge MA Dec15        (290)        (360)          (89)        (106)          (58)          (44)          (48)          (26)          (85)
Hubbell Inc Shelton CT Dec15          282          327          330          302          270          219          181          223          208
Arrow Electronics Centennnial CO Dec15          500          498          400          507          599          480          124        (614)          411
Black Knight Financial Services Jacksonville FL Dec15            82        (106)            (3)





KAR Auction Services Carmel IN Dec15          215          169            68            92            72            70            23        (216)          (38)
Reliance Steel & Aluminum Los Angeles CA Dec15          316          376          325          408          349          198          149          484          408
Westlake Chemical Houston TX Dec15          665          685          610          386          259          221            53          (30)          115
Spirit AeroSystems Holdings Wichita KS Dec15          789          359        (621)            35          192          219          192          265          297
SS&C Technologies Windsor CT Dec15            73          131          118            46            51            32            19            19              7
Michaels Companies Irving TX Jan16          363          217          243          200          158          103          103            (7)
Liberty Property Trust Malvern PA Dec15          244          176            98            97          105            95            (5)          123          114
TreeHouse Foods Oak Brook IL Dec15          115            90            87            88            94            91            81            29            42
EnLink Midstream Partners LP Dallas TX Dec15     (1,378)          309          119            82          199          149          (77)          (64)          (17)
West Pharmaceutical Services Lionville PA Dec15            96          127          112            81            76            65            73            87            72
Polaris Industries Medina MN Dec15          455          454          381          312          228          147          101          117          113
CF Industries Deerfield IL Dec15          734       1,437       1,533       1,923       1,761          441          449          802          427
Murphy Oil Corp El Dorado AR Dec15     (2,256)       1,025          888          806          539          618          656       1,691          767
Assurant New York NY Dec15          142          471          489          484          539          279          431          448          654
Opko Health Miami FL Dec15          (31)        (175)        (117)          (30)            (6)          (13)          (24)          (32)        (266)
Core Laboratories NV Houston TX Dec15          115          259          243          217          185          145          114          132          111
Dicks Sporting Goods Coraopolis PA Jan16          330          344          338          291          264          182          135          (40)          151
Herbalife Ltd Los Angeles CA Dec15          339          309          528          464          415          293          203          221          191
Fortinet Sunnyvale CA Dec15              8            25            44            67            62            41            60              7          (22)
athenahealth Watertown MA Dec15            14            (3)              3            19            19            13              9            32            (8)
Copart Inc Dallas TX Jul15          220          179          180          182          166          152          140          157          136
Post Holdings St Louis MO Sep15        (115)        (343)            15            50        (424)            92          101            86          117
JetBlue Airways Long Island City NY Dec15          677          401          168          128            86            97            61          (84)            12
Parsley Energy Inc Austin TX Dec15          (73)            57            28            13            12



Carter's Inc Atlanta GA Dec15          238          195          160          161          114          146          116            78          (76)
CubeSmart Malvern PA Dec15            79            26            10          (13)          (13)          (17)          (21)          (28)          (28)
Pinnacle Foods Parsippany NJ Dec15          213          248            89            53          (47)            22          303          (29)        (115)
VCA Inc Los Angeles CA Dec15          216          141          143            51          100          114          136          137          125
Edgewell Personal Care Chesterfield MO Sep15        (296)          118          155          126            33                
Servicemaster Global Holdings Memphis TN Dec15          162            43            42          (18)            (7)          (47)      
Six Flags Entertainment Grand Prairie TX Dec15          193          113          156          396            12        (195)          (58)          (58)        (189)
MarketAxess Holdings New York NY Dec15            96            75            69            62            49            32            16              8            10
W R Grace Columbia MD Dec15          145          277          258            41          219          194            81          137          113
Service Corporation Intl Houston TX Dec15          235          177          152          155          146          127          123            98          243
Harman Intl Industries Stamford CA Jun15          343          236          142          330          136            40        (422)            96          312
CBOE Holdings Inc Chicago IL Dec15          205          190          176          157          139            99          106          115            83
Weingarten Realty Investors Houston TX Dec15          122          116          133            57          (14)              5            85            64          125
Southwestern Energy Company Spring TX Dec15     (4,556)          924          704        (707)          638          604          (36)          569          222
US Foods Holding Co Rosemont IL Dec15          168          (73)          (57)          (51)        (102)          (13)


Douglas Emmett Inc Santa Monica CA Dec15            69            53            53            28              2          (33)          (34)          (36)          (19)
Carlyle Group LP Washington DC Dec15          400          915       1,348       2,400       1,154       1,459          664        (514)       1,443
Tegna Inc McLean VA Dec15          421          756            99          126            75                
Phillips 66 Partners LP Houston TX Dec15          194          124            97            59            63



Health Net Woodland Hills CA Dec15          186          146          170            26            61          172          (49)            95          194
H & R Block Kansas City MO Apr16          384          487          500          465          346          393          489          513          446
Robert Half Intl Menlo Park CA Dec15          358          306          252          210          150            66            37          250          296
Old Dominion Freight Line Thomasville NC Dec15          305          268          206          169          139            76            35            69            72
Ingram Micro Irvine CA Dec15          215          267          311          306          244          318          202        (395)          276
Weatherford Intl plc Houston TX Dec15     (1,985)        (584)        (345)        (778)          189        (217)            87       1,167          927
WABCO Holdings Rochester Hills MI Dec15          286          301          662          313          368        (214)            24          216          128
EPR Properties Kansas City MO Dec15          194          176          176          142          130          117            35          127            98
Brown & Brown Inc Daytona Beach FL Dec15          243          207          217          184          164          162          153          166          191
Avnet Phoenix AZ Jun15          572          546          450          567          669          410     (1,122)          499          393
Senior Housing Properties Trust Newton MA Dec15          125          156          146          136          151          116          110          107            85
Highwoods Properties Inc Raleigh NC Dec15            86            97            43            22            26            55            46            38            49
Sonoco Products Co Hartsville SC Dec15          251          227          211          195          219          202          155          157          212
Hain Celestial Group Lake Success NY Jun15          168          141          120            94            59            38          (29)            43            47
Watsco Inc Coconut Grove FL Dec15          227          209          188          158          138          112            52            60            67
Zions Bancorporation Salt Lake City UT Dec15          309          398          263          348          323        (296)     (1,222)        (271)          502
Casey's General Stores Ankeny IA Apr16          226          181          127          104          115            95          117            86            85
Voya Financial Inc New York NY Dec15          539       2,533          789          628          120        (133)        (811)     (7,666)          570
Erie Indemnity Co Erie PA Dec15          175          168          163          160          170          162          108            69          213
Godaddy Inc Scottsdale AZ Dec15        (120)        (143)        (200)        (279)        (324)            (4)            14        
Vail Resorts Broomfield CO Jul15          115            28            38            16            34            36            51          108            69
Royal Gold Inc Denver CO Jun15            53            63            73            98            77            29            41            25            21
AutoNation Fort Lauderdale FL Dec15          444          420          376          317          284          235          233     (1,212)          284
Old Republic Intl Corp Chicago IL Dec15          422          410          448          (69)        (141)            30          (99)        (558)          272
AptarGroup Inc Crystal Lake IL Dec15          199          192          172          162          184          174          125          154          140













Total all 285 Market Caps $5-10 Bil

    74,330   104,741   102,157     83,358     65,700     67,061     34,103   (30,363)     48,293
***Annual Earnings % Change vs Prior Year

-29% 3% 23% 27% -2% 97% 212% -163%