Monday, November 6, 2017

US Largest Companies With Stock Market Caps Above $40 Bil and With Sept 2017 Earnings Already Released (98 out of 102 Companies) Had Their Total US GAAP Earnings Growth Decelerate Sharply To Only 4% Growth in the Sept 2017 Quarter Over Their Prior Year's Quarter, As Compared To Total Earnings Growth of a Much Higher 12% to 14% in Each of the Three Previous Quarters ........................................................................................ The 10 US Oil & Gas Companies Generated Off-the-Charts Total US GAAP Earnings Growth of 144% in the Sept 2017 Quarter: The Last Thing This Industry Needs is a US Income Tax Rate Cut From 35% to 20%, Coupled With Keeping All of Their Current Massive Tax Loopholes ........................................................................................ The 16 US Technology Companies Generated Total US GAAP Earnings in the Sept 2017 Quarter of $44.454 Bil, Which Comprised 28% of the Total US GAAP Earnings of All 28 US Companies and Which Also Increased By a Very Robust 23% Over Their Sept 2016 Total Earnings of $36.238 Bil ...................................................................................... The Remaining 72 US Companies in All Other Sectors Posted Total US GAAP Earnings in the Sept 2017 Quarter of $104.631 Bil, Down a Hefty 7% From Their Sept 2016 Quarter Total US GAAP Earnings of $112.409 Bil: It Appears That the Trump Administration Didn't Provide the Environment Needed To Permit Most of These US Companies To Thrive Well Economically in the Sept 2017 Quarter

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the 98 Companies headquartered in the US with Stock Market Capitalizations of more than $40 Bil either very late in 2016 or very early in 2017, which have September Quarter Ends and which have filed their September 2017 Quarter Financial Statements with the SEC.  Traditional Predominately Regulated Utilities were excluded.

Below here are the Total Reported US GAAP Earnings (Losses) From Continuing Operations for the Quarters Ended September 2017 and 2016 for each of these 98 largest US Companies.






Sept Sept







2017 2016







Quarter Quarter




Calendar US GAAP US GAAP Net Net
US Largest Companies With

Most
3Q 17 Net Net Income Income
Stock Market Caps Above $40 Bil City State Recent
Month Income Income Better Better
and With September 2017 Quarter Ends HQs HQs FYE
End (Loss) (Loss) (Worse) (Worse)





 $ mils  $ mils  $ mils %
US Technology Companies








Apple Cupertino CA Sep17
Sept            10,714              9,014            1,700 19%
Alphabet (Google) Mountain View CA Dec16
Sept              6,732              5,061            1,671 33%
Microsoft Redmond WA Jun17
Sept              6,576              5,667               909 16%
Facebook Menlo Park CA Dec16
Sept              4,707              2,627            2,080 79%
Intel Santa Clara CA Dec16
Sept              4,516              3,378            1,138 34%
IBM Armonk NY Dec16
Sept              2,726              2,854             (128) -4%
Visa San Francisco CA Sep17
Sept              2,140              1,931               209 11%
Priceline Group Norwalk CT Dec16
Sept              1,720                 506            1,214 240%
MasterCard Purchase NY Dec16
Sept              1,430              1,184               246 21%
Texas Instruments Dallas TX Dec16
Sept              1,285              1,018               267 26%
Danaher Washington DC Dec16
Sept                 572                 403               169 42%
Automatic Data Processing Roseland NJ Jun17
Sept                 402                 369                 33 9%
PayPal Holdings San Jose CA Dec16
Sept                 380                 323                 57 18%
Amazon Seattle WA Dec16
Sept                 256                 252                   4 2%
Qualcomm San Diego CA Sep17
Sept                 168              1,599          (1,431) -89%
Netflix Los Gatos CA Dec16
Sept                 130                   52                 78 150%










Total all 16 US Technology Companies




           44,454            36,238            8,216 23%










US Oil & Gas Companies








Exxon Mobil Irving TX Dec16
Sept              4,085              2,889            1,196 41%
Chevron San Ramon CA Dec16
Sept              1,986              1,301               685 53%
Phillips 66 Houston TX Dec16
Sept                 849                 536               313 58%
Enterprise Products Partners LP Houston TX Dec16
Sept                 621                 643               (22) -3%
Schlumberger Ltd Houston TX Dec16
Sept                 556                 190               366 193%
ConocoPhillips Houston TX Dec16
Sept                 436            (1,026)            1,462 NM
Kinder Morgan Inc Houston TX Dec16
Sept                 387               (183)               570 NM
Halliburton Houston TX Dec16
Sept                 361                     7               354 5057%
Occidental Petroleum Houston TX Dec16
Sept                 190               (238)               428 NM
EOG Resources Houston TX Dec16
Sept                 101               (190)               291 NM










Total all 10 US Oil & Gas Companies




             9,572              3,929            5,643 144%










US Companies in All Other Sectors








JPMorgan Chase New York NY Dec16
Sept              6,732              6,286               446 7%
Banc of America Charlotte NC Dec16
Sept              5,587              4,955               632 13%
Wells Fargo San Francisco CA Dec16
Sept              4,654              5,654          (1,000) -18%
Berkshire Hathaway Omaha NE Dec16
Sept              4,203              7,333          (3,130) -43%
Citigroup New York NY Dec16
Sept              4,137              3,887               250 6%
Johnson & Johnson New Brunswick NJ Dec16
Sept              3,764              4,272             (508) -12%
Verizon Communications New York NY Dec16
Sept              3,736              3,747               (11) 0%
AT&T Dallas TX Dec16
Sept              3,123              3,418             (295) -9%
Procter & Gamble Cincinnati OH Jun17
Sept              2,870              2,875                 (5) 0%
Pfizer New York NY Dec16
Sept              2,858              1,355            1,503 111%
Gilead Sciences Foster City CA Dec16
Sept              2,712              3,325             (613) -18%
Comcast Philadelphia PA Dec16
Sept              2,683              2,324               359 15%
UnitedHealth Group Minnetonka MN Dec16
Sept              2,561              1,978               583 29%
Prudential Financial Newark NJ Dec16
Sept              2,241              1,832               409 22%
Pepsico Purchase NY Dec16
Sept              2,156              2,004               152 8%
Goldman Sachs New York NY Dec16
Sept              2,128              2,094                 34 2%
Philip Morris New York NY Dec16
Sept              2,045              2,028                 17 1%
Amgen Thousand Oaks CA Dec16
Sept              2,021              2,017                   4 0%
McDonald's Oak Brook IL Dec16
Sept              1,884              1,275               609 48%
Altria Group Richmond VA Dec16
Sept              1,867              1,094               773 71%
Boeing Seattle WA Dec16
Sept              1,853              2,279             (426) -19%
General Electric Boston MA Dec16
Sept              1,800              2,056             (256) -12%
Morgan Stanley New York NY Dec16
Sept              1,785              1,632               153 9%
AbbVie North Chicago IL Dec16
Sept              1,631              1,598                 33 2%
Ford Motor Dearborn MI Dec16
Sept              1,571                 961               610 63%
US Bancorp Minneapolis MN Dec16
Sept              1,569              1,516                 53 3%
Coca-Cola Atlanta GA Dec16
Sept              1,444              1,050               394 38%
United Technologies Farmington CT Dec16
Sept              1,434              1,534             (100) -7%
3M St Paul MN Dec16
Sept              1,433              1,331               102 8%
Time Warner New York NY Dec16
Sept              1,371              1,472             (101) -7%
Honeywell Morris Plains NJ Dec16
Sept              1,365              1,248               117 9%
American Express New York NY Dec16
Sept              1,356              1,142               214 19%
CVS Health Woonsocket RI Dec16
Sept              1,285              1,542             (257) -17%
United Parcel Service Atlanta GA Dec16
Sept              1,264              1,270                 (6) 0%
Biogen Cambridge MA Dec16
Sept              1,226              1,030               196 19%
Union Pacific Omaha NE Dec16
Sept              1,194              1,131                 63 6%
Capital One Financial McLean VA Dec16
Sept              1,137              1,016               121 12%
PNC Financial Services Group Pittsburgh PA Dec16
Sept              1,126              1,006               120 12%
Caterpillar Peoria IL Dec16
Sept              1,061                 283               778 275%
Bank New York Mellon New York NY Dec16
Sept              1,020                 993                 27 3%
Mondelez Intl Deerfield IL Dec16
Sept                 993                 548               445 81%
Celgene Summit NJ Dec16
Sept                 988                 171               817 478%
BlackRock New York NY Dec16
Sept                 959                 877                 82 9%
Kraft Heinz Co Pittsburgh PA Dec16
Sept                 943                 843               100 12%
Lockeed Martin Bethesda MD Dec16
Sept                 939              1,089             (150) -14%
MetLife New York NY Dec16
Sept                 893              1,024             (131) -13%
Bristol-Myers Squibb New York NY Dec16
Sept                 856              1,215             (359) -30%
Aetna Hartford CT Dec16
Sept                 848                 597               251 42%
Express Scripts St. Louis MO Dec16
Sept                 845                 729               116 16%
Starbucks Seattle WA Sep16
Sept                 789                 802               (13)
-2%
General Dynamics Falls Church VA Dec16
Sept                 764                 731                 33 5%
Las Vegas Sands Las Vegas NV Dec16
Sept                 685                 606                 79 13%
Colgate-Palmolive New York NY Dec16
Sept                 650                 746               (96) -13%
Northrop Grumman Falls Church VA Dec16
Sept                 645                 602                 43 7%
Illinois Tool Works Glenview IL Dec16
Sept                 640                 535               105 20%
Charles Schwab San Francisco CA Dec16
Sept                 618                 503               115 23%
Simon Property Group Indianapolis IN Dec16
Sept                 593                 588                   5 1%
Kimberly-Clark Dallas TX Dec16
Sept                 579                 563                 16 3%
Raytheon Waltham MA Dec16
Sept                 568                 541                 27 5%
Abbott Laboratories Abbott Park IL Dec16
Sept                 561               (357)               918 NM
Eli Lilly Indianapolis IN Dec16
Sept                 556                 778             (222) -29%
DowDupont Midland MI Dec16
Sept                 554                 818             (264) -32%
T-Mobile US Bellevue WA Dec16
Sept                 550                 366               184 50%
Thermo Fisher Scientific Waltham MA Dec16
Sept                 534                 474                 60 13%
Stryker Kalamazoo MI Dec16
Sept                 434                 355                 79 22%
American Tower Boston MA Dec16
Sept                 335                 264                 71 27%
General Motors Detroit MI Dec16
Sept                 114              2,707          (2,593) -96%
Charter Communications Stamford CT Dec16
Sept                   92                 250             (158) -63%
Merck Kenilworth NJ Dec16
Sept                 (51)              2,188          (2,239) NM
Chubb Ltd (Was Ace Ltd) Philadelphia PA Dec16
Sept                 (70)              1,360          (1,430) NM
American Intl Group New York NY Dec16
Sept            (1,712)                 433          (2,145) NM
Allergan plc (was Actavis) Parsippany NJ Dec16
Sept            (3,948)               (380)          (3,568) NM










Total all 72 US Companies in All Other Sectors



         104,631          112,409          (7,778) -7%










Total all 98 US Largest Companies




         158,657          152,576            6,081 4%










Sept 2017 Earnings Not Released Yet








Walt Disney Co Burbank CA Sep16
Sept

                 -  

Johnson Controls Intl plc Milwaukee WI Sep16
Sept

                 -  

Twenty-First Century Fox New York NY Jun17
Sept

                 -  

Regeneron Pharmaceuticals Tarrytown NY Dec16
Sept

                 -  











Total all 102 US Largest Companies




         158,657          152,576            6,081 4%