Saturday, August 11, 2018

All 451 Largest US Companies With Stock Market Caps Above $10 Bil Which Released Their June 2018 Quarter End Earnings By August 10, 2018 Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $359.5 Bil, Up an Exceptional 16.9% From Their Total PTI of $307.6 Bil in Their June 2017 Quarter. This 16.9% Earnings Growth Is a Huge Earnings Growth Acceleration From Their 10.3% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter ........................................................................................

Of These 451 US Cos, 41 Are Oil & Gas Companies Which Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $29.3 Bil, Up a Spectacularly Off-the-Charts 324% From Their Total PTI of $6.9 Bil in Their June 2017 Quarter.  Absent These 41 US Oil & Gas Companies, the Remaining 410 Non-Oil & Gas Companies Generated June 2017 Total PTI Growth of 9.8%, Much Lower Than the 16.9% PTI Growth When These 41 Oil & Gas Companies Are Included.  ........................................................................................

Also of These 451 US Cos, 17 Are Investment-Related Financial Companies Which Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $31.2 Bil, Up a Blistering 56% From Their Total PTI of $20.0 Bil in Their June 2017 Quarter.  Legendary Investor Warren Buffett's Berkshire Hathaway Accounted For $9.0 Bil or 80% of the Total $11.2 Bil PTI Growth of All of These 17 Investment-Related Financial Cos.

 ......................................................................................

And Also of These 451 US Cos, 55 Are Technology Companies Which Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $62.6 Bil, Up an Exceptional 25% From Their Total PTI of $50.2 Bil in Their June 2017 Quarter.  On the Downside, This 25% Earnings Growth Was a Deceleration From Their 31% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter. ......................................................................................

And Finally the Remaining 338 US Cos in Sectors Other Than Oil & Gas, Investment-Related Financial and Technology Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $236.4 Bil, Up a Very Modest 2.6% From Their Total PTI of $230.4 Bil in Their June 2017 Quarter.  These 338 Cos 5.3% PTI Growth in Their March 2018 Quarter Was Cut By More Than Half Down to 2.6% in the June 2018 Quarter.  All in All, a Horrible Situation For These 338 Cos in the Aggregate on the Pretax Earnings Front in the June 2018 Quarter, the Second Full Quarter of the Very Expensive Trump Tax Cuts Act.  .....................................................................................


From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters for the 451 Largest US Companies including Partnerships and REITs with June Quarter Ends, which have reported their June 2018 Quarter Earnings By August 10, 2018 and which had stock market caps above $10 Bil in April 2018.

My Focus is on Pretax Income Rather Than After-Tax Net Income Because the Lower Effective Income Tax Rate in 2018 is Simply a Transfer of Financial Wealth From the US Federal Government to US Corporations.  It Has Nothing Whatsoever to do with Company Performance.
US US US US
GAAP GAAP GAAP GAAP
US Companies Pretax Pretax Pretax Pretax
Market Caps Above $10 Bil Income Income % Income Income %
With June Quarter Ends (Loss) (Loss) Change (Loss) (Loss) Change
Releasing June 2018  June Qtr June Qtr Better March Qtr March Qtr Better
 Qtr Earnings By 8-10-18 2018 2017 (Worse) 2018 2017 (Worse)
mils $ mils $ mils $ mils $
Oil & Gas Cos
Exxon Mobil              6,512              4,156 57%              7,240              5,918 22%
Chevron              4,905              1,953 151%              5,073              3,129 62%
ConocoPhillips              2,619            (4,361) 160%              1,776               (232) 866%
Phillips 66              1,835                 797 130%                 717                 797 -10%
Marathon Petroleum Corp              1,516                 824 84%                 257                 142 81%
Occidental Petroleum              1,150                 792 45%              1,047                 195 437%
Valero Energy              1,124                 768 46%                 731                 433 69%
EOG Resources                 893                   62 1340%                 813                   39 1985%
Andeavor                 749                 143 424%                 288                 108 167%
Energy Transfer Equity LP                 727                 347 110%                 716                 368 95%
Enterprise Products Partners LP                 706                 675 5%                 917                 777 18%
Energy Transfer Partners LP                 671                 375 79%                 839                 448 87%
Halliburton                 633                   (1) 63400%                 189                 (57) 432%
Schlumberger Ltd                 547                   17 3118%                 643                 334 93%
Apache Corp                 508                     9 5544%                 388                 538 -28%
HollyFrontier                 480                 106 353%                 374                 (55) 780%
MPLX LP                 457                 193 137%                 427                 187 128%
Williams Partners LP                 449                 349 29%                 384                 663 -42%
Spectra Energy Partners                 398                 372 7%                 423                 359 18%
ONEOK                 370                 220 68%                 342                 241 42%
Williams Companies                 321                 258 24%                 325                 606 -46%
Continental Resources                 318               (101) 415%                 305                     6 4983%
Diamondback Energy                 295                 166 78%                 225                 143 57%
Cheniere Energy Partners LP                 281                   46 511%                 335                   47 613%
Magellan Midstream Partners LP                 211                 216 -2%                 212                 224 -5%
Concho Resources                 177                 245 -28%              1,089              1,021 7%
Targa Resources                 154                 (35) 540%                   48                 (39) 223%
Andeavor Logistics LP                 148                 111 33%                 139                   92 51%
Cheniere Energy Inc                 147                   22 568%                 615                 172 258%
Anadarko Petroleum                 142               (372) 138%                 300               (178) 269%
Marathon Oil                 140               (112) 225%                 524                 (16) 3375%
Plains All America                   84                 199 -58%                 349                 510 -32%
Pioneer Natural Resources                   82                 354 -77%                 228                 (73) 412%
Cabot Oil & Gas                   55                   37 49%                 157                 169 -7%
EQT Corp                   35                 152 -77%            (1,784)                 351 -608%
National Oilwell Varco                   30                 (91) 133%                 (63)               (133) 53%
Hess Corp                   27               (425) 106%                     8               (309) 103%
Baker Hughes GE                   24                 (30) 180%               (105)                   74 -242%
Noble Energy                   10            (2,334) 100%                 543                   59 820%
Kinder Morgan               (176)                 599 -129%                 706                 691 2%
Devon Energy               (481)                 207 -332%               (181)                 325 -156%
Total all 41 Oil & Gas Cos            29,273              6,908 324%            27,559            18,074 52%
Investment-Related Financials
Berkshire Hathaway            15,098              6,129 146%            (1,523)              5,688 -127%
Goldman Sachs              3,276              2,509 31%              3,419              2,539 35%
Morgan Stanley              3,109              2,642 18%              3,420              2,808 22%
Blackstone Group LP              1,690                 765 121%                 897              1,059 -15%
KKR & Co LP              1,627                 887 83%                 621                 838 -26%
BlackRock              1,416              1,238 14%              1,359              1,136 20%
Charles Schwab              1,131                 909 24%              1,002                 843 19%
T Rowe Price                 629                 620 1%                 600                 637 -6%
TD Ameritrade                 603                 373 62%                 372                 344 8%
Ameriprise Financial                 548                 511 7%                 696                 475 47%
Franklin Resources                 447                 644 -31%                 633                 628 1%
Icahn Enterprises LP                 421              1,670 -75%                 479               (134) -457%
Raymond James Financial                 318                 277 15%                 331                 161 106%
Invesco Ltd                 314                 342 -8%                 334                 290 15%
Interactive Brokers Group                 271                 204 33%                 340                 213 60%
Apollo Global Mgt LLC                 163                 192 -15%               (101)                 394 -126%
SEI Investments                 154                 135 14%                 159                 129 23%
Total 17 Invest-Related Fincls            31,215            20,047 56%            13,038            18,048 -28%
Technology Cos
Apple            13,284            11,308 17%            16,168            14,684 10%
Microsoft            10,680              7,958 34%              8,641              7,094 22%
Facebook              5,868              4,488 31%              5,610              3,408 65%
Intel              5,529              4,572 21%              5,011              3,815 31%
Alphabet              4,215              4,377 -4%            10,543              6,819 55%
Visa              2,812              2,914 -4%              3,217              2,702 19%
International Business Machines              2,776              2,443 14%              1,136              1,424 -20%
Amazon.com              2,608                 664 293%              1,916                 953 101%
Mastercard              1,922              1,628 18%              1,803              1,478 22%
Texas Instruments              1,706              1,486 15%              1,553              1,255 24%
Booking Holdings              1,209                 863 40%                 753                 528 43%
Lam Research                 958                 603 59%                 772                 531 45%
QUALCOMM                 956                 858 11%                 358                 857 -58%
Western Digital                 729                 415 76%               (128)                 304 -142%
eBay                 707                 462 53%                 547                 558 -2%
Cognizant Technology                 624                 635 -2%                 697                 649 7%
PayPal Holdings                 609                 447 36%                 548                 438 25%
Seagate Technology                 466                 120 288%                 393                 212 85%
Netflix                 429                   14 2964%                 300                 224 34%
Activision Blizzard                 408                 293 39%                 567                 453 25%
KLA-Tencor                 406                 325 25%                 366                 319 15%
First Data Corp                 365                 271 35%                 161                   91 77%
DXC Technology                 360                   91 296%                 661               (187) 453%
Electronic Arts                 319                 749 -57%                 754                 716 5%
IAC/Interactive                 312                   61 411%                   59                     5 1080%
Skyworks Solutions                 311                 307 1%                 292                 281 4%
Check Point Software                 240                 233 3%                 228                 221 3%
CDW Corp                 230                 195 18%                 166                   74 124%
Motorola Solutions                 227                 205 11%                 140                 120 17%
Maxim Integrated Products                 224                 196 14%                 222                 170 31%
Xilinx                 213                 171 25%                 186                 171 9%
Verisk Analytics                 185                 170 9%                 162                 161 1%
Verisign                 165                 160 3%                 152                 148 3%
IPG Photonics                 164                 142 15%                 142                 101 41%
Arista Networks                 163                 117 39%                 143                   74 93%
Match Group                 143                   54 165%                   87                   34 156%
Citrix Systems                 131                 114 15%                 151                 120 26%
Ansys                 110                 100 10%                   97                   86 13%
Cadence Design Systems                   90                   77 17%                   78                   74 5%
CA Technologies                   82                 238 -66%                 243                 198 23%
Take-Two Interactive                   77                   47 64%                   91                 111 -18%
Twitter                   66               (113) 158%                   64                 (58) 210%
Akamai Technologies                   52                   86 -40%                   68                 105 -35%
Black Knight                   47                   38 24%                   55                   40 38%
CoStar Group                   46                   26 77%                   56                   35 60%
Microchip Technology                   38                 166 -77%                 188                   72 161%
GoDaddy                   19                   19 0%                     4                   (2) 300%
Dropbox                   (3)                 (26) 88%               (464)                 (33) -1306%
Square Inc                   (5)                 (15) 67%                 (24)                 (15) -60%
Expedia                 (14)                   57 -125%               (169)               (131) -29%
Atlassian Corp                 (22)                 (32) 31%                   (8)                 (23) 65%
ServiceNow                 (41)                 (58) 29%                   (7)                 (23) 70%
Symantec                 (73)               (134) 46%                 (61)               (248) 75%
SS&C Technologies               (164)                   62 -365%                   62                   58 7%
Snap               (352)               (443) 21%               (384)            (2,212) 83%
Total 55 Technology Cos            62,606            50,204 25%            64,366            49,039 31%
Cos in All Other Sectors
JPMorgan Chase            10,572              9,749 8%            10,662              8,341 28%
Bank of America              8,498              8,121 5%              8,394              7,320 15%
Wells Fargo              7,119              8,139 -13%              6,701              7,858 -15%
AT&T              6,780              6,070 12%              6,141              5,378 14%
Citigroup              5,945              5,678 5%              6,090              5,981 2%
Verizon Communications              5,527              6,967 -21%              6,054              5,182 17%
Johnson & Johnson              4,973              4,748 5%              5,481              5,575 -2%
Pfizer              4,527              3,815 19%              4,127              3,951 4%
Comcast Corp              4,285              3,909 10%              3,994              3,917 2%
UnitedHealth Group              3,860              3,430 13%              3,724              3,130 19%
Walt Disney              3,854              3,618 7%              3,928              3,751 5%
Philip Morris              2,939              2,531 16%              2,206              2,199 0%
PepsiCo              2,900              2,774 5%              1,657              1,721 -4%
General Motors              2,885              2,967 -3%              1,576              3,473 -55%
Coca-Cola              2,883              2,624 10%              1,833              1,507 22%
United Technologies              2,834              2,064 37%              1,890              2,054 -8%
Amgen              2,647              2,542 4%              2,619              2,460 6%
Boeing              2,586              2,462 5%              2,839              2,145 32%
Altria Group              2,557              2,910 -12%              2,466              2,091 18%
Capital One Financial              2,492              1,490 67%              1,662              1,109 50%
DowDuPont              2,368              1,814 31%              1,542              1,128 37%
3M              2,350              2,142 10%                 965              1,737 -44%
Procter & Gamble              2,289              2,927 -22%              3,253              3,336 -2%
US Bancorp              2,199              2,063 7%              2,044              1,985 3%
Caterpillar              2,195              1,164 89%              2,139                 284 653%
American Express              2,091              1,957 7%              2,082              1,839 13%
Merck              2,086              2,439 -14%              1,345              2,003 -33%
Gilead Sciences              2,086              4,115 -49%              2,033              3,617 -44%
McDonalds              2,018              2,061 -2%              1,888              1,808 4%
AbbVie              2,012              2,353 -14%              2,797              2,086 34%
Honeywell              1,999              1,778 12%              1,909              1,724 11%
Union Pacific Corp              1,938              1,869 4%              1,711              1,688 1%
United Parcel Services              1,926              2,119 -9%              1,661              1,710 -3%
Aetna              1,666              1,820 -8%              1,465               (628) 333%
PNC Financial Services              1,660              1,483 12%              1,492              1,394 7%
LyondellBasell Industries              1,634              1,593 3%              1,534              1,120 37%
Freeport McMoran              1,554                 512 204%              1,334                 442 202%
Chubb              1,512              1,505 0%              1,217              1,221 0%
Anthem              1,504              1,206 25%              1,780              1,515 17%
Lockheed Martin              1,420              1,342 6%              1,360              1,035 31%
Bank of New York Mellon              1,394              1,308 7%              1,444              1,206 20%
Delta Air Lines              1,372              1,831 -25%                 718                 849 -15%
Ford Motor              1,349              2,266 -40%              1,919              2,251 -15%
General Electric              1,331              1,127 18%                 413                 (53) 879%
Celgene              1,307              1,178 11%              1,030              1,014 2%
American International Group              1,252              1,667 -25%              1,227              1,727 -29%
HCA Healthcare              1,238              1,160 7%              1,539              1,066 44%
Biogen              1,179              1,132 4%              1,494                 987 51%
Express Scripts              1,170              1,241 -6%                 820                 915 -10%
CSX Corp              1,144                 827 38%                 912                 582 57%
AFLAC              1,131              1,045 8%                 982                 898 9%
Cigna              1,102              1,134 -3%              1,218                 890 37%
MetLife              1,101              1,018 8%              1,656              1,072 54%
Twenty-First Century Fox              1,081                 815 33%              1,331              1,252 6%
T-Mobile US              1,068                 934 14%                 881                 607 45%
Kraft-Heinz              1,046              1,590 -34%              1,254              1,250 0%
Starbucks              1,027              1,052 -2%                 816                 981 -17%
BB&T Corp              1,024                 978 5%                 977                 530 84%
Nektar Therapeutics                 975                 (60) -1725%                 (96)                 (64) -50%
General Dynamics                 970              1,032 -6%                 960              1,010 -5%
Southwest Air                 960              1,165 -18%                 602                 532 13%
Nextera Energy                 931              1,093 -15%              5,080              2,266 124%
Norfolk Southern                 924                 780 18%                 707                 655 8%
Nucor Corp                 914                 508 80%                 516                 549 -6%
Johnson Controls Intl plc                 910                 718 27%                 561                 393 43%
SunTrust Banks                 895                 752 19%                 792                 629 26%
Illinois Tool Works                 894                 819 9%                 849                 749 13%
Synchrony Financial                 892                 788 13%                 847                 782 8%
Colgate Palmolive                 888                 829 7%                 924                 862 7%
Progressive Corp                 880                 555 59%                 911                 641 42%
Discover Financial Services                 877                 867 1%                 856                 868 -1%
State Street Corp                 865                 776 11%                 763                 584 31%
Corning Inc                 864                 592 46%               (465)                   20 -2425%
United Continental Holdings                 857              1,277 -33%                 184                 150 23%
Northop Grumman                 849                 812 5%                 871                 788 11%
Allstate                 845                 851 -1%              1,224              1,012 21%
Danaher                 835                 645 29%                 713                 585 22%
Raytheon                 827                 768 8%                 757                 695 9%
Thermo Fisher Scientific                 806                 626 29%                 634                 503 26%
Marriott Intl                 796                 716 11%                 502                 494 2%
Abbott Labs                 777                 295 163%                 431                 736 -41%
American Air Lines                 769              1,389 -45%                 273                 535 -49%
Emerson Electric                 768                 621 24%                 658                 565 16%
Las Vegas Sands                 757                 717 6%              1,045                 648 61%
CME Group                 757                 637 19%                 789                 707 12%
Tyson Foods                 723                 617 17%                 423                 519 -18%
Paccar                 720                 539 34%                 669                 448 49%
Marsh & McLennan                 719                 711 1%                 916                 753 22%
Cummins                 715                 599 19%                 523                 548 -5%
Eaton Corp plc                 694                 572 21%                 565                 467 21%
Fifth Third Bancorp                 693                 494 40%                 836                 396 111%
Kellogg                 669                 385 74%                 511                 309 65%
Praxair                 657                 577 14%                 620                 553 12%
S&P Global                 657                 640 3%                 681                 611 11%
PPL Corp                 657                 368 79%                 569                 532 7%
Regeneron Pharmaceuticals                 656                 526 25%                 585                 432 35%
M&T Bank Corp                 655                 596 10%                 458                 518 -12%
Archer Daniels Midland                 652                 383 70%                 464                 458 1%
Becton Dickinson                 647               (404) 260%                     6                 362 -98%
Simon Property Group                 631                 441 43%                 716                 551 30%
Travelers Companies                 631                 790 -20%                 778                 760 2%
Stryker                 623                 444 40%                 542                 499 9%
D R Horton                 616                 445 38%                 445                 354 26%
IntercontinentalExchange                 611                 567 8%                 617                 725 -15%
Waste Management                 609                 570 7%                 511                 434 18%
Exelon                 608                   32 1800%                 695              1,182 -41%
Duke Energy                 607              1,018 -40%                 803              1,061 -24%
Viacom                 607                 921 -34%                 287                 154 86%
Kimberly Clark                 603                 742 -19%                 201                 782 -74%
American Electric Power                 602                 567 6%                 559                 937 -40%
Dish Networks                 602                 241 150%                 501                 597 -16%
Annaly Capital Management                 599                   14 4179%              1,328                 441 201%
Ingersoll Rand plc                 587                 492 19%                 167                 156 7%
KeyCorp                 582                 565 3%                 478                 419 14%
Liberty Global plc                 576               (693) 183%               (413)               (154) -168%
Dominion Energy                 566                 553 2%                 661                 949 -30%
Air Products & Chemicals                 552                 196 182%                 480                 405 19%
Citizens Financial Group                 549                 462 19%                 501                 434 15%
Sherwin-Williams                 538                 509 6%                 303                 307 -1%
Hartford Financial Services                 537               (281) 291%                 519                 401 29%
TE Connectivitity Ltd                 535                 503 6%                 600                 445 35%
Omnicom Group                 532                 522 2%                 376                 370 2%
CNH Industrial NV                 526                 346 52%                 265                   97 173%
Molson Coors Brewing                 523                 460 14%                 357                 281 27%
Bristol-Myers Squibb                 517              1,295 -60%              1,779              1,955 -9%
Principal Financial                 515                 366 41%                 457                 414 10%
CBS Corp                 513                 566 -9%                 646                 592 9%
Northern Trust                 507                 391 30%                 484                 391 24%
Parker Hannifin                 498                 401 24%                 470                 315 49%
Moody's Corp                 496                 462 7%                 441                 451 -2%
PPG Industries                 479                 659 -27%                 421                 446 -6%
Steel Dynamics                 475                 235 102%                 296                 304 -3%
Centene                 474                 421 13%                 513                 219 134%
Regions Financial                 467                 449 4%                 542                 420 29%
Royal Caribbean                 466                 370 26%                 219                 215 2%
Ally Financial                 461                 376 23%                 328                 326 1%
Ecolab                 458                 377 21%                 317                 311 2%
Lear Corp                 453                 400 13%                 452                 408 11%
Lincoln National                 451                 533 -15%                 435                 475 -8%
O Reilly Auto                 450                 436 3%                 395                 385 3%
Celanese                 442                 281 57%                 432                 240 80%
Zoetis                 437                 345 27%                 417                 337 24%
Eastman Chemical                 430                 359 20%                 350                 341 3%
International Paper                 420                   (3) 14100%                 451                 265 70%
Comerica                 419                 302 39%                 335                 268 25%
Huntington Bancorp                 412                 351 17%                 385                 267 44%
Public Storage                 405                 355 14%                 344                 344 0%
Baxter Intl                 404                 306 32%                 438                 328 34%
Albemarle                 391                 137 185%                 159                   75 112%
Aptiv plc                 386                 344 12%                 375                 248 51%
FirstEnergy                 382                 351 9%                 429                 409 5%
Amphenol                 382                 317 21%                 355                 298 19%
Weyerhaeuser                 382                   58 559%                 299                 181 65%
Westlake Chemical                 381                 227 68%                 386                 201 92%
Charter Communications                 380                 243 56%                 251                 236 6%
Prologis                 379                 303 25%                 409                 230 78%
Restaurant Brands Intl                 373                 286 30%                 281                 204 38%
Discovery Inc                 367                 473 -22%                 (17)                 276 -106%
Public Service Enterprise Grp                 366                 168 118%                 760                 143 431%
XL Group Ltd                 364                 339 7%                 193                 227 -15%
Sirius XM Holdings                 363                 322 13%                 370                 321 15%
Markel                 361                 210 72%                   43                   94 -54%
United Rentals                 359                 229 57%                 232                 161 44%
Monster Beverage                 358                 347 3%                 282                 265 6%
Yum! Brands                 357                 311 15%                 509                 347 47%
Fortive Corp                 356                 326 9%                 313                 272 15%
WestRock                 356                 387 -8%                 243                 142 71%
Unum Group                 355                 362 -2%                 341                 330 3%
Boston Scientific                 347                   91 281%                 323                 305 6%
AmerisourceBergen                 345                 133 159%                 361                 593 -39%
E Trade Group                 345                 317 9%                 334                 225 48%
Mondelez Intl                 339                 584 -42%              1,251                 787 59%
CNA Financial                 330                 370 -11%                 346                 343 1%
SVB Financial Group                 324                 204 59%                 282                 159 77%
WW Grainger                 323                 207 56%                 307                 271 13%
Fiserv                 323                 330 -2%                 563                 349 61%
DaVita                 320                 288 11%                 302                 776 -61%
XCEL Energy                 319                 329 -3%                 350                 356 -2%
American Tower                 318                 412 -23%                 249                 334 -25%
Keurig Dr Pepper                 318                 282 13%                 213                 248 -14%
Mohawk Industries                 316                 344 -8%                 257                 269 -4%
Eversource Energy                 315                 370 -15%                 355                 419 -15%
BorgWarner                 315                 297 6%                 332                 286 16%
Ameren Corp                 314                 308 2%                 195                 161 21%
Republic Services                 313                 333 -6%                 311                 296 5%
Roper Technologies                 313                 255 23%                 255                 211 21%
Laboratory Corp of America                 313                 279 12%                 242                 265 -9%
Masco                 312                 262 19%                 200                 210 -5%
Loews Corp                 307                 347 -12%                 405                 510 -21%
Liberty SiriusXM Group                 307                 295 4%                 363                 297 22%
Clorox                 306                 295 4%                 242                 247 -2%
Universal Health Services                 302                 294 3%                 296                 318 -7%
Genuine Parts                 300                 297 1%                 229                 244 -6%
CBRE Group                 300                 273 10%                 196                 193 2%
Newmont Mining                 298                 332 -10%                 274                 192 43%
Hilton Worldwide                 298                 250 19%                 221                   66 235%
Intuitive Surgical                  296                 270 10%                 290                 202 44%
Stanley Black & Decker                 294                 358 -18%                 252                 473 -47%
Edison Intl                 289                 335 -14%                 211                 352 -40%
Nasdaq Inc                 288                 211 36%                 239                 215 11%
WEC Energy Group                 282                 315 -10%                 479                 570 -16%
Arch Capital Group Ltd                 280                 233 20%                 188                 302 -38%
Fidelity National Financial                 276                 302 -9%                 129                 129 0%
Quest Diagnostics                 275                 301 -9%                 241                 253 -5%
Rockwell Collins                 269                 221 22%                 306                 233 31%
Fidelity Natl Info Services                 269                 283 -5%                 224                 209 7%
Prudential Financial                 268                 621 -57%              1,716              1,767 -3%
Fastenal                 266                 235 13%                 232                 211 10%
TransDigm Group                 266                 236 13%                 247                 215 15%
Cincinnati Financial                 264                 128 106%                 (50)                 276 -118%
Huntington Ingalls Industries                 262                 218 20%                 195                 147 33%
Textron                 260                 215 21%                 218                 121 80%
Hershey                 260                 281 -7%                 449                 168 167%
American Financial Group                 260                 205 27%                 174                 223 -22%
Broadridge Financial                 258                 285 -9%                 125                 106 18%
DTE Energy                 255                 232 10%                 419                 504 -17%
Alliance Data Systems                 255                 214 19%                 219                 227 -4%
AvalonBay Community                 255                 165 55%                 142                 236 -40%
Zions Bancorp                 253                 248 2%                 308                 184 67%
Rockwell Automation                 252                 276 -9%                 300                 230 30%
First Republic Bank                 252                 220 15%                 246                 214 15%
Edwards Lifesciences                 251                 206 22%                 264                 293 -10%
Harris Corp                 251                 234 7%                 215                 233 -8%
Ametek                 248                 203 22%                 236                 191 24%
Reinsurance Group                 247                 339 -27%                 138                 208 -34%
Packaging Corp of America                 245                 209 17%                 187                 179 4%
NVR Inc                 242                 209 16%                 191                 132 45%
Martin Marietta Materials                 238                 194 23%                   12                   57 -79%
L3 Technologies                 237                 254 -7%                 216                 199 9%
CenturyLink                 237                   40 493%                 236                 307 -23%
Garmin Ltd                 236                 234 1%                 154                   88 75%
Illumina                 232                 141 65%                 221                 503 -56%
Norwegian Cruise Line                 232                 205 13%                 106                   64 66%
Fleetcor Technologies                 231                 190 22%                 229                 167 37%
Host Hotels & Resorts                 228                 239 -5%                 260                 155 68%
Consolidated Edison                 226                 277 -18%                 545                 615 -11%
American Water Works                 222                 226 -2%                 140                 145 -3%
Old Dominion Freight Line                 221                 160 38%                 147                 107 37%
Sprint Corp                 220                 498 -56%               (349)               (134) -160%
LKQ Corp                 219                 227 -4%                 202                 213 -5%
Zimmer Biomet                 218                 196 11%                 223                 265 -16%
Vertex Pharmaceutical                 217                   36 503%                 215                 254 -15%
Cerner                 215                 252 -15%                 200                 243 -18%
CH Robinson Worldwide                 214                 172 24%                 181                 179 1%
XPO Logistics                 213                   85 151%                   79                   15 427%
Dover                 211                 198 7%                 134                 207 -35%
Autoliv                 210                 201 4%                 197                 194 2%
Michael Kors                 206                 150 37%                   74                 (41) 280%
JB Hunt Transport Services                 205                 156 31%                 160                 143 12%
Automatic Data Processing                 205                 388 -47%                 853                 828 3%
Yum China Holdings                 203                 175 16%                 403                 300 34%
Vulcan Materials                 200                 157 27%                   48                   40 20%
Kansas City Southern                 196                 231 -15%                 222                 238 -7%
Wynn Resorts Ltd                 196                 109 80%               (248)                 135 -284%
Arconic                 194                 269 -28%                 199                 484 -59%
Henry Schein                 194                 208 -7%                 196                 189 4%
Expeditors Intl Washington                 190                 174 9%                 198                 149 33%
V F Corp                 186                 136 37%                 294                 269 9%
Crown Castle                 185                 117 58%                 118                 123 -4%
Waste Connections                 181                 177 2%                 157                   (2) 7950%
Total Systems Services                 180                 173 4%                 161                 150 7%
Waters Corp                 175                 148 18%                 141                 113 25%
Equifax                 169                 243 -30%                 123                 196 -37%
Welltower                 167                 203 -18%                 454                 338 34%
Ball Corp                 166                 122 36%                 159                   92 73%
CMS Energy                 165                 140 18%                 281                 295 -5%
MGM Resorts Intl                 164                 315 -48%                 181                 315 -43%
Boston Properties                 161                 167 -4%                 216                 116 86%
MSCI Inc                 156                 118 32%                 139                 102 36%
Church & Dwight                 155                 117 32%                 201                 190 6%
Xylem                 150                 121 24%                   95                   70 36%
A.O. Smith                 146                 128 14%                 125                 120 4%
Global Payments                 146                   85 72%                 122                   65 88%
Mettler-Toledo                 144                 127 13%                 117                 114 3%
Resmed                 141                 122 16%                 130                 108 20%
FMC Corp                 140                   52 169%                 332                   54 515%
Thomson Reuters                 139                   62 124%                 199                 156 28%
Avangrid                 137                 164 -16%                 310                 342 -9%
Idex Corp                 137                 113 21%                 130                 104 25%
Idexx Labs                 137                 115 19%                 104                   85 22%
Ventas                 133                 150 -11%                   77                 153 -50%
Intl Flavors & Fragrances                 122                 142 -14%                 159                 138 15%
Nielsen Holdings                 120                 224 -46%                 114                 116 -2%
Cboe Global Markets                 120                 106 13%                 159                   18 783%
Equity Residential                 118                 204 -42%                 221                 150 47%
Align Technologies                 114                   85 34%                   99                   62 60%
Essex Property Trust                 106                   76 39%                   97                 188 -48%
Hologic                 105                   75 40%               (691)                 968 -171%
Vornado Realty Trust                 105                 129 -19%                     2                   60 -97%
Extra Space Storage                 105                   97 8%                   97                   93 4%
Arthur J Gallagher & Co                 104                   54 93%                 242                 200 21%
Pentair plc                   99                     2 4850%                 132                 104 27%
Realty Income Corp                   97                   81 20%                   83                   89 -7%
GGP Inc                   96                 132 -27%                   66                 115 -43%
Varian Medical                   92                   89 3%                   96                   90 7%
IQVIA Holdings                   92                   52 77%                   92                 126 -27%
Domino's Pizza                   91                   89 2%                 104                   91 14%
Rollins Inc                   90                   86 5%                   59                   57 4%
Digital Realty Trust                   88                   80 10%                 110                   85 29%
HCP Inc                   88                   19 363%                   38                 458 -92%
Gartner                   75               (143) 152%                 (43)                   48 -190%
Willis Towers Watson                   74                   49 51%                 264                 398 -34%
Equinix                   74                   55 35%                   80                   55 45%
TransUnion                   73                   92 -21%                 103                   76 36%
Mosaic                   72                   75 -4%                 (10)                     9 -211%
Hasbro                   68                   87 -22%                 (88)                   71 -224%
Mid America Apartment Comm                   63                   51 24%                   51                   43 19%
Alexandria Real Estate Equities                   61                   41 49%                 142                   48 196%
Everest Re Group Ltd                   61                 276 -78%                 218                 338 -36%
Perrigo Co plc                   55                 (76) 172%                 111                   96 16%
Incyte Corp                   54                   (9) 700%                 (40)               (198) 80%
Abiomed                   48                   34 41%                   49                   29 69%
Vistra Energy                   31                 (34) 191%               (395)                 119 -432%
Humana                   19              1,042 -98%                 707              1,689 -58%
Mylan NV                   19                 325 -94%                   11                   72 -85%
Liberty Broadband                   15                   (6) 350%                 (20)                 (23) 13%
Worldpay                   11                 121 -91%               (112)                   41 -373%
Teleflex                     7                   90 -92%                   61                   38 61%
McKesson                     6                 458 -99%            (1,094)              4,674 -123%
Eli Lilly                     5              1,261 -100%              1,441                   61 2262%
Invitation Homes                 (14)                     6 -333%                 (18)                 (42) 57%
Bunge Ltd                 (15)                   26 -158%                     2                   82 -98%
Newell Brands                 (23)                 (55) 58%                     2                 790 -100%
Biomarin Pharmaceuticals                 (29)                 (46) 37%                 (51)                 (24) -113%
Entergy Corp                 (32)                   76 -142%                 180                   94 91%
SBA Communications                 (76)                   13 -685%                   40                   41 -2%
CenterPoint Energy                 (88)                 211 -142%                 212                 299 -29%
Altice USA               (104)               (732) 86%               (190)               (122) -56%
Southern Co               (266)            (1,935) 86%              1,049                 980 7%
Alexion Pharmaceuticals               (419)                 206 -303%                 352                 194 81%
Allergan plc               (475)            (1,297) 63%               (966)            (3,093) 69%
Whirlpool               (609)                 212 -387%                 109                 198 -45%
Tesla               (729)               (386) -89%               (779)               (372) -109%
Sempra Energy            (1,113)                 415 -368%                 647                 747 -13%
Dentsply Sirona            (1,162)            (1,065) -9%                   95                   77 23%
Cardinal Health            (1,187)                 374 -417%                 464                 564 -18%
PG&E Corp            (1,573)                 544 -389%                 496                 688 -28%
CVS Health            (2,065)              1,863 -211%              1,470              1,534 -4%
Total 338 in Other Sectors          236,439          230,427 2.6%          233,409          221,711 5.3%
Total all 451 US Cos          359,533          307,586 16.9%          338,372          306,872 10.3%