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%