Wuerth While Wily Wakenings: All 1,040 US Companies With Market Caps of $1 Bil to $5 Bil Generated March 2018 Quarter Total Pretax Income of $33.746 Bil, Up 21% From Their March 2017 Quarter and Nearly Double the 11% Total Pretax Income Growth of the 776 US Companies With Market Caps Above $5 Bil ........................................................................................ This Explains Why the Russell 2000 Small-Cap Stock Index Has Outperformed Both the Dow 30 Industrials Stock Index and the S&P 500 Stock Index ........................................................................................ Driving This 21% Total Pretax Income Growth Was the US Oil & Gas Sector, Whose 78 Companies Posted Total Pretax Income Growth of a Blistering 166% ........................................................................................ On the Other Hand, the 203 US Manufacturing Companies Posted a Disappointing Total Pretax Income Decline of 6% ........................................................................................ The Huge Problem Here is That the US Manufacturing Sector, Where Most of the Good-Paying US Jobs Are, is Where the Very Robust Pretax Income Growth is Needed, Not in the US Oil & Gas Sector (Up 166%), in the US REITs (Up 28%), in the US Financial Banks (Up 22%), in the US Financial Insurance (Up 19%) and in the US Investment-Related Financial (Up 52%) Sectors

Saturday, June 2, 2018

All 1,040 US Companies With Market Caps of $1 Bil to $5 Bil Generated March 2018 Quarter Total Pretax Income of $33.746 Bil, Up 21% From Their March 2017 Quarter and Nearly Double the 11% Total Pretax Income Growth of the 776 US Companies With Market Caps Above $5 Bil ........................................................................................ This Explains Why the Russell 2000 Small-Cap Stock Index Has Outperformed Both the Dow 30 Industrials Stock Index and the S&P 500 Stock Index ........................................................................................ Driving This 21% Total Pretax Income Growth Was the US Oil & Gas Sector, Whose 78 Companies Posted Total Pretax Income Growth of a Blistering 166% ........................................................................................ On the Other Hand, the 203 US Manufacturing Companies Posted a Disappointing Total Pretax Income Decline of 6% ........................................................................................ The Huge Problem Here is That the US Manufacturing Sector, Where Most of the Good-Paying US Jobs Are, is Where the Very Robust Pretax Income Growth is Needed, Not in the US Oil & Gas Sector (Up 166%), in the US REITs (Up 28%), in the US Financial Banks (Up 22%), in the US Financial Insurance (Up 19%) and in the US Investment-Related Financial (Up 52%) Sectors

From a review of SEC filings, the below chart shows the Total US Sector US GAAP Pretax Income (Loss) From Continuing Operations for the March 2018 and 2017 Quarters for all US Companies including both Partnerships and REITs, with March 2018 Quarter Ends, with stock market caps of $1 Bil to $5 Bil recently and which have released their March 2018 Quarter Earnings by June 1, 2018.

		US GAAP	US GAAP
		Total	Total
		Pretax	Pretax
	US Sector	Income	Income
#	Market Caps $1-5 Bil	(Loss)	(Loss)	Better	Better
of	Releasing March 2018	March Qtr	March Qtr	(Worse)	(Worse)
Cos	Qtr Earnings Thru 6-1-18	2018	2018	Amount	%
		mils $	mils $	mils $

2	Financial:Fannie Mae&Freddie Mac	9,066	7,477	1,589	21%
203	Manufacturing	5,524	5,865	(341)	-6%
93	Financial: Banks	4,229	3,462	767	22%
78	Oil & Gas	3,185	1,198	1,987	166%
91	Financial: REIT	2,986	2,326	660	28%
33	Financial: Insurance	2,422	2,034	388	19%
35	Retail	1,603	1,571	32	2%
27	Financial: Investment Related	1,337	879	458	52%
24	Utilities	1,262	1,153	109	9%
44	Services	911	516	395	77%
20	Wholesale	528	655	(127)	-19%
128	Technology	(860)	(659)	(201)	-31%
140	Health Care	(2,727)	(1,953)	(774)	-40%
122	All Other US Sectors	4,280	3,465	815	24%

1,040	Totals	33,746	27,989	5,757	21%