Corporation’s Weighted Average Cost of Capital
February WebWorks Instructions:
Using the data in the Excel files February Webworks Data.xlsx and SP500 earnings data.xls, calculate the weighted average cost of capital for 3M Corporation. Your estimate will be as of the day I gathered data—1/11/2013, and I believe all of the data you need is available in the two files. If you need some other data in addition to what I’ve provided, first try to get it as of 1/11/2013. If you can’t get that, then use data as of the date of your analysis.
Your submission should be a single Excel file that has your detailed calculations split up into intuitive sections with an explanation of what you are doing and why. There are a number of judgment decisions you’ll have to make in this project and you need to explain at each step what choices you had, what choice you made, and why.
For your final “numerical answer” you will need a single WACC, which will be your best guess at the company’s cost of capital given the assumptions you’ve made. Also provide a discussion about the range the actual WACC is likely to fall in based on your analysis.
3M Corporation’s Weighted Average Cost of Capital
February WebWorks Instructions:
Using the data in the Excel files February Webworks Data.xlsx and SP500 earnings data.xls, calculate the weighted average cost of capital for 3M Corporation. Your estimate will be as of the day I gathered data—1/11/2013, and I believe all of the data you need is available in the two files. If you need some other data in addition to what I’ve provided, first try to get it as of 1/11/2013. If you can’t get that, then use data as of the date of your analysis.
Your submission should be a single Excel file that has your detailed calculations split up into intuitive sections with an explanation of what you are doing and why. There are a number of judgment decisions you’ll have to make in this project and you need to explain at each step what choices you had, what choice you made, and why.
For your final “numerical answer” you will need a single WACC, which will be your best guess at the company’s cost of capital given the assumptions you’ve made. Also provide a discussion about the range the actual WACC is likely to fall in based on your analysis.
> I A S
&PEs
0/en/us/?indexId=spusa-500-usduf–p-us-l–
ow Jones Indices
N D E TE REPORT
/ /1 Analyst
. % 2013 operating earnings estimate gain is high at . 2
for ’13 vs. 8.99
for ’12
estimates shows a lower growth rate, at 13.1% to $12 . for ’14
.7% EPS gain over the next two years – but it sure would change the mid-term election projections
expansion, and even at a moderate that would put the S&P 500 2014 price higher than the year ( at 20 )
S&P 500 A
P
MIDCAP LCAP
SMALLCAP AL
2013 EST PROJ ANNUAL PEG 2013 EST PROJ ANNUAL PEG P/E
OPER P/E GROWTH % OPER P/E GROWTH % 15.35 . .74
.06
0.98 inancials
1.80 .12
0.75 4.03 R ATION
2013 EST $28.32 .75
/12
————- ——————– ——————–
BEAT MISSED MET 0.00% 0.00% 0.00% 0.00% 50.00% 0.00% 0.00% 0.00% 3 1 1 1 33.33% 33.33% %
%
ESTI ES OVER TIME
1/10/13 OPERATING OPERATING AS REPORTED OPERATING TH EARNINGS PER E
—
EARNINGS EARNINGS EARNINGS EARNINGS EARNINGS EARNINGS OPERATING AS REPORTED OPERATING PER SHR PER SHR P/E P/E P/E EARNINGS EARNINGS EARNINGS (ests are (ests are (ests are (ests are (ests are (ests are (ests are (ests are top down) bottom up) top down) top down) bottom up) top down) top down) $29.72 13.07 $28.63 $26.29 $25.32 $98.99 16.37 13.04 $25.29 $86.95 .31
.70
17.09 $23.03 15.55 15.54 17.91 18.36 $14.88 17.79 27.97 26.75 $14.88 25.38 $38.97 $9.87 21.66 16.79 18.96 $9.78 15.58 15.01 16.02 19.13 23.31 $20.87 $19.68 19.12 14.58 14.08 $5.61 14.45 15.69 14.53 $5.54 $24.85 12.61 $6.22 P (Generally Accepted Accounting Principles) and As Reported
howard_silverblatt@spdji.com 12/31/12 NAME
INDEX NAME Operating Earnings Per Share by Economic Sector $17.02 $15.96 $10.11 $13.81 $15.78 $17.16 $19.38 $20.90 $21.56 $21.93 $22.56 $24.86 $25.29 $23.73 $24.24 $25.43 $24.00 $25.32 $26.29 $27.97 $28.63 $29.72 $49.51 18.24 $56.86 19.61 $83.77 15.01 $96.44 13.04 $98.99 14.41 $112.62 13.07 1426.19 1257.64 903.25 S&P 500 $4.63 $5.45 $6.25 $10.96 16.24 15.33 S&P 500 Consumer Discretionary $5.01 $5.48 $5.73 $5.33 $6.06 $6.46 15.69 15.35 Nov-00 S&P 500 Consumer Staples $10.13 $11.29 7.59 11.81 11.39 S&P 500 Energy $4.27 $4.05 $4.83 $4.88 $5.06 $4.40 44.04 11.89 S&P 500 Financials $6.92 $7.70 $8.35 $8.88 $9.18 12.62 14.29 13.29 S&P 500 Health Care $5.12 $5.97 $5.46 $4.63 $3.75 $4.85 $5.54 $5.48 $6.46 9.78 17.09 16.36 13.48 S&P 500 Industrials $4.44 $4.56 $5.54 $6.11 $9.26 $8.27 14.38 21.21 13.04 12.00 Feb-01 S&P 500 Information Technology $4.73 $3.43 $4.96 $5.44 $3.92 $5.12 $4.15 $8.09 17.01 $7.09 13.07 13.65 S&P 500 Materials $2.11 $1.98 $1.91 $1.95 $1.98 15.88 S&P 500 Telecommunication Services $3.20 $3.81 $3.66 13.74 12.92 $11.73 15.15 $12.47 14.42 Jun-00 S&P 500 Utilities $7.52 $9.12 $11.94 $14.41 17.91 17.48 16.02 S&P 400 $2.98 $4.43 $4.40 $3.66 $4.66 $5.66 $7.16 $9.10 18.51 $24.70 17.97 15.79 S&P 400 Consumer Discretionary $7.13 $5.45 $9.47 $11.93 $13.93 14.56 15.90 16.31 17.00 15.35 S&P 400 Consumer Staples $13.40 $6.91 $9.10 $7.93 $5.54 $10.45 21.31 15.10 $47.94 14.93 S&P 400 Energy $5.51 $2.66 $2.57 $3.49 $6.20 $6.26 $7.22 $7.08 $12.87 18.72 S&P 400 Financials $4.04 $4.46 $4.59 $4.89 $5.36 $5.11 $5.21 $5.28 $6.57 $8.50 $6.86 $9.40 $9.29 $28.52 17.17 $31.34 $38.85 16.83 S&P 400 Health Care .79
$3.90 $4.36 $7.55 $6.83 $8.99 11.35 $15.18 14.74 15.54 Feb-01 S&P 400 Industrials $6.65 $14.17 $12.98 21.24 $50.95 16.48 S&P 400 Information Technology $3.93 $5.73 $4.52 $2.59 $2.89 $2.55 $4.29 $4.77 $3.41 $4.83 $4.79 $5.03 8.44 $9.32 14.22 S&P 400 Materials $4.37 $3.20 $6.84 $1.87 $2.08 $1.68 $2.09 $1.88 8.83 16.02 $7.23 $6.29 29.14 Jun-00 S&P 400 Telecommunication Services $4.65 $3.48 $5.01 $5.65 $6.10 $5.11 $5.62 $4.43 $7.19 $5.23 $7.33 15.62 15.07 17.48 15.43 Oct-00 S&P 400 Utilities $4.28 $3.45 $4.28 $4.40 $4.74 $5.36 $5.26 $5.23 $5.28 $5.51 $5.58 $6.20 $6.71 26.29 $20.59 20.16 16.50 Feb-01 S&P 600 $1.06 $2.66 $1.98 $2.90 $4.06 $4.01 $4.57 $5.65 $4.74 $2.11 24.96 $13.11 15.69 S&P 600 Consumer Discretionary $4.11 $7.75 $8.88 $7.75 $11.92 $13.69 $52.00 16.79 Jan-02 S&P 600 Consumer Staples $7.01 $13.89 $2.45 $7.08 17.74 S&P 600 Energy $3.15 $2.56 $3.55 $4.95 $6.26 $7.09 $8.98 $19.48 20.35 17.41 May-01 S&P 600 Financials $4.65 $5.21 $5.93 $6.88 $7.98 $7.76 $10.04 19.57 17.65 Jan-02 S&P 600 Health Care $6.11 $8.38 $2.75 $4.56 $5.11 $4.04 $5.98 $5.97 $6.03 $7.09 $6.11 $7.70 $7.56 12.39 22.63 17.97 15.55 Mar-01 S&P 600 Industrials $1.77 $1.49 $0.09 $1.88 $2.08 $2.27 $1.63 $2.24 $3.40 $4.32 $4.44 $4.77 $4.43 21.61 $9.59 16.37 Aug-00 S&P 600 Information Technology $4.77 $2.89 $3.75 $3.17 $2.85 $4.20 $2.71 $4.00 $3.11 $5.80 $5.23 $5.23 16.62 $20.96 16.32 Sep-00 S&P 600 Materials 2.36 $0.07 $0.04 $0.02 $0.04 $0.04 $0.04 $0.02 $0.04 $0.04 $0.03 $0.03 $0.03 $0.03 $0.03 $0.03 24.85 20.63 15.73 18.30 $0.12 19.12 2.42 2.79 2.73 4.87 S&P 600 Telecommunication Services $2.25 $9.93 $2.26 $4.71 $4.52 $3.57 $11.70 $3.19 $4.01 $3.85 $4.67 $10.75 15.39 16.46 15.62 May-01 S&P 600 Utilities $3.74 $3.86 $3.60 $3.05 $3.49 $3.80 $4.27 $4.65 $4.89 $5.55 $5.69 $5.41 $6.32 $6.73 $12.47 20.43 15.61 13.50 Oct-00 254.79 S&P Composite 1500 $2.35 $1.68 $2.45 $3.19 $3.90 $3.72 $4.23 $4.09 $4.61 $4.89 $4.74 $5.23 $4.56 $4.96 $5.32 $5.88 $5.14 $6.10 $6.71 16.90 15.39 Oct-00 221.96 S&P Composite 1500 Consumer Discretionary $4.13 $4.40 $4.80 $4.00 $4.75 $5.12 $4.52 $4.99 $5.46 $5.11 $5.77 $5.70 $5.98 $5.58 $6.53 14.41 $22.19 15.77 15.37 Dec-00 283.70 S&P Composite 1500 Consumer Staples $4.74 $6.16 $6.37 $11.12 $10.39 $11.94 $10.29 $12.56 7.86 14.82 11.07 12.14 454.73 S&P Composite 1500 Energy $0.50 $1.27 $1.63 $3.86 $4.01 $3.57 $4.12 $4.54 $4.25 $4.56 $4.52 $4.21 $4.91 $5.05 $5.11 $5.32 $4.51 15.69 11.83 14.05 Jul-00 211.96 S&P Composite 1500 Financials $5.88 $6.03 $5.51 $6.10 $6.34 $6.75 $7.17 $8.07 $8.20 $7.90 $8.89 12.96 14.37 13.40 13.37 14.74 Feb-01 362.62 S&P Composite 1500 Health Care $5.11 $4.52 $3.00 $3.78 $4.14 $4.75 $4.99 $5.26 $4.66 $5.69 $5.66 $5.60 $5.62 $6.38 $6.06 $5.77 $5.87 $6.83 $6.91 $21.26 17.69 $21.62 13.65 Nov-00 252.97 S&P Composite 1500 Industrials $4.49 $4.41 $2.41 $2.68 $3.55 $4.47 $6.39 $5.54 $6.18 $8.02 $7.22 $9.07 $8.06 $6.86 $9.09 $9.47 $11.52 22.24 15.92 13.51 $32.55 12.35 Feb-01 380.15 S&P Composite 1500 Information Technology $4.99 $3.69 $1.06 $1.90 $2.24 $3.72 $3.42 $3.40 $4.90 $5.39 $3.92 $2.15 $4.31 $4.62 $3.12 $4.81 $4.49 $4.30 $9.33 14.93 $7.67 18.02 $16.36 Aug-00 203.97 S&P Composite 1500 Materials $2.28 $1.87 $1.95 $1.87 $1.89 $1.78 $1.88 $2.26 $2.06 $2.03 $2.32 $2.47 $1.95 $8.26 $7.17 15.93 $7.35 17.44 $6.80 16.83 May-00 114.23 S&P Composite 1500 Telecommunication Services $3.58 $4.13 $2.65 $3.25 $2.61 $4.00 $2.56 $3.85 $4.45 $2.46 $3.58 $3.01 $4.40 $3.36 $2.89 $4.09 $3.52 $4.53 12.46 14.05 14.57 Jul-00 174.50 S&P Composite 1500 Utilities As Reported Earnings Per Share by Economic Sector $12.86 $9.73 -$23.25 $7.52 $14.76 $15.18 $17.48 $19.68 $19.52 $20.67 $21.44 $20.64 $23.03 $21.62 21.21 $14.88 60.70 $50.97 21.88 $77.35 16.26 $86.95 14.46 1426.19 Jun-03 1257.64 1115.10 903.25 S&P 500 $3.11 $3.79 $3.81 $4.36 $3.95 $4.54 $4.40 $5.02 $8.18 $4.73 $4.79 5.49 22.41 13.80 376.06 Nov-00 295.54 235.07 169.41 S&P 500 Consumer Discretionary $4.46 $4.28 $4.64 $5.96 $4.71 $5.08 $4.97 $4.26 $4.62 5.26 16.57 $19.09 15.90 360.78 Nov-00 303.58 274.30 246.66 S&P 500 Consumer Staples $4.20 $5.89 $6.19 $8.27 $8.50 $12.53 $13.38 532.96 Jun-01 506.75 429.95 386.35 S&P 500 Energy $1.95 $1.18 -$0.27 $3.49 $3.44 $3.60 $2.48 $4.32 $3.97 $4.14 3.73 $2.61 16.82 12.45 221.24 Jun-00 214.77 193.78 168.79 S&P 500 Financials $5.89 $6.73 $6.90 $5.41 $6.17 $5.62 $5.26 $6.53 $6.39 $5.28 $7.19 $5.48 6.71 $19.09 16.21 14.14 16.24 15.88 462.95 Feb-01 364.78 362.22 309.41 S&P 500 Health Care $5.53 $1.93 $2.45 $3.28 $4.48 $4.71 $4.61 $5.36 $5.12 $5.08 $5.39 $5.96 5.15 11.76 $17.09 17.62 14.49 328.75 Oct-00 301.12 242.99 207.21 S&P 500 Industrials $4.82 $0.02 $4.29 $6.26 $5.39 $7.76 $6.93 $6.24 $4.31 5.95 18.08 $29.06 14.11 463.82 Feb-01 404.55 370.71 231.81 S&P 500 Information Technology $1.18 $2.41 $1.47 $2.69 $3.24 $4.00 $4.66 $5.06 $3.89 $4.13 2.04 $5.88 14.55 237.62 Jul-00 239.61 199.81 137.59 S&P 500 Materials $1.60 $0.92 $1.36 $4.34 $1.11 $1.79 $1.74 1.88 $7.01 15.93 $5.85 16.67 $1.86 146.04 May-00 128.74 114.64 111.70 S&P 500 Telecommunication Services $3.78 $2.37 $2.40 $3.47 $4.12 $2.83 $3.14 $3.74 $2.33 $2.47 2.72 $11.61 14.43 177.66 Jun-00 159.34 157.99 147.93 S&P 500 Utilities $6.11 $8.56 $8.70 $9.22 $11.21 $10.01 $10.06 $10.22 $11.94 $4.67 $20.54 35.38 May-02 907.25 726.67 538.28 S&P 400 $1.60 $1.53 $3.26 $4.57 $3.48 $4.07 $4.26 $3.24 $3.85 $4.91 $4.57 6.20 $10.96 20.91 443.95 Dec-00 360.79 275.43 179.63 S&P 400 Consumer Discretionary $7.08 $9.02 $9.35 $2.87 $11.73 15.80 $26.87 16.71 862.71 Jan-02 619.59 495.72 417.56 S&P 400 Consumer Staples $2.30 $7.39 $3.76 $6.46 $7.11 $11.92 $8.79 $9.33 3.21 695.36 Dec-01 786.99 604.81 361.64 S&P 400 Energy $4.09 $3.81 $3.51 $4.32 $4.81 $5.92 $5.87 $4.33 $5.70 7.25 26.40 Mar-01 489.73 422.69 391.04 S&P 400 Financials $4.11 $4.16 $4.95 $4.12 $3.66 $3.44 $3.34 $4.64 $7.44 $6.68 $6.18 6.16 $12.08 $6.21 618.7 May-01 486.42 396.85 294.70 S&P 400 Health Care $3.36 $3.64 $3.81 $5.19 $6.38 $4.79 $4.55 $6.43 $7.66 6.83 $8.96 $8.14 19.15 482.54 Feb-01 409.05 315.56 242.88 S&P 400 Industrials $3.35 $5.08 $5.80 $9.44 $4.45 $12.98 $14.84 9.94 51.92 1119.05 Aug-02 1105.38 528.08 S&P 400 Information Technology $2.42 $2.87 $4.51 $4.32 $2.99 $4.17 $1.18 $3.35 $3.79 $4.15 2.77 $7.97 22.87 17.73 18.86 291.69 Aug-00 245.23 194.89 128.06 S&P 400 Materials $3.78 $4.34 $3.20 $2.40 $0.94 $5.93 $1.51 $2.89 $2.40 $2.08 $1.80 1.49 $6.29 16.41 17.83 $7.11 187.72 Jun-00 183.36 161.65 143.16 S&P 400 Telecommunication Services $2.16 $5.01 $3.12 $2.65 $4.43 $3.05 $5.64 $2.93 $5.73 $3.98 $4.34 $3.74 6.61 $14.44 14.53 18.36 15.61 $17.74 16.97 306.13 Oct-00 267.44 243.22 209.87 S&P 400 Utilities $2.04 $3.00 $3.29 $4.07 $3.62 $4.10 $4.61 $3.38 $4.73 $3.72 4.58 -$6.33 $2.26 476.57 Feb-01 332.63 268.73 S&P 600 -$5.08 $1.80 $1.38 $2.01 $2.96 $2.42 $2.68 $3.45 $2.50 $3.21 $3.01 4.53 $1.38 $11.04 303.55 Sep-00 254.46 188.55 125.12 S&P 600 Consumer Discretionary $1.69 $3.00 $3.17 $6.25 $5.09 $3.41 $6.20 $6.46 $5.79 $9.05 $9.33 $9.21 11.10 $5.63 100.71 855.92 Jan-02 708.94 566.97 411.19 S&P 600 Consumer Staples $2.26 $11.55 $6.40 $1.90 3.97 1213.24 Apr-03 1189.83 824.31 509.00 S&P 600 Energy $0.53 $1.49 $2.30 $3.35 $3.18 $4.63 $5.27 $5.17 6.94 $6.05 81.73 559.32 May-01 494.86 417.94 455.79 S&P 600 Financials $5.87 $5.75 $5.60 $5.73 $5.35 $6.25 $2.98 $6.92 7.55 828.04 Jan-02 645.65 528.23 432.22 S&P 600 Health Care $3.25 $3.76 $2.43 $2.41 $4.00 $4.62 $3.88 $5.62 $6.24 $4.84 $6.19 2.95 21.14 $9.02 31.45 18.86 529.85 Mar-01 468.88 372.57 323.26 S&P 600 Industrials $0.28 $0.99 $1.53 $1.82 $2.26 $3.21 $3.08 $2.27 $2.78 $1.86 $0.82 $1.54 1.87 268.88 Aug-00 251.93 202.58 137.09 S&P 600 Information Technology $0.97 $1.91 $4.89 $2.91 $2.53 $4.04 $2.73 $3.63 $4.74 $3.05 $0.01 $2.92 3.08 $3.94 $10.19 25.66 324.22 Sep-00 287.69 245.57 167.89 S&P 600 Materials -$0.02 $0.03 $0.01 $0.03 $0.04 $0.05 $0.05 $0.03 $0.04 $0.03 $0.03 0.03 2.73 16.70 $0.09 2.42 Jan-00 2.79 2.73 4.87 S&P 600 Telecommunication Services $3.67 $10.12 $2.29 $8.21 $4.29 $3.10 $3.12 3.59 15.56 15.93 16.50 485.39 May-01 435.24 382.95 376.26 S&P 600 Utilities $1.40 $2.92 $3.24 $3.36 $3.86 $4.33 $4.37 $4.56 $4.73 $4.96 $4.97 $4.57 $5.11 $4.82 4.77 $2.95 $10.92 16.99 329.78 Oct-00 254.79 204.93 S&P Composite 1500 $0.44 $2.54 $2.85 $3.49 $3.94 $3.69 $4.05 $3.94 $4.51 $4.34 $7.26 $4.39 $4.40 5.18 $9.32 14.56 355.82 Oct-00 221.96 157.30 S&P Composite 1500 Consumer Discretionary $4.41 $4.57 $4.10 $4.79 $4.66 $4.88 $5.26 $5.04 $4.48 $4.82 $5.36 5.43 $19.69 17.80 377.01 Dec-00 283.70 253.99 S&P Composite 1500 Consumer Staples $4.25 $6.13 $6.24 $8.64 $10.04 $13.25 9.88 563.64 Jul-01 454.73 399.12 S&P Composite 1500 Energy -$0.23 $2.00 $3.49 $3.47 $2.54 $3.56 $3.63 $2.69 $4.37 $3.85 $4.16 $4.30 4.01 $2.83 $13.07 13.58 245.32 Jul-00 211.96 188.00 S&P Composite 1500 Financials $6.28 $6.93 $6.13 $5.53 6.65 16.82 15.26 $21.67 16.65 475.27 Feb-01 362.62 306.44 S&P Composite 1500 Health Care $3.29 $4.54 $4.66 $4.57 $5.48 $5.12 $6.11 5.20 15.09 348.35 Nov-00 252.97 213.73 S&P Composite 1500 Industrials $1.11 $2.85 $4.19 $6.17 $5.36 $5.66 $6.71 $7.82 $6.94 $7.32 $6.21 $8.07 $7.56 $4.52 5.91 $10.44 14.82 478.87 Feb-01 380.15 238.53 S&P Composite 1500 Information Technology $1.44 $2.62 $1.65 $2.63 $3.49 $4.07 $2.93 $4.59 $4.99 $3.56 $3.85 $3.88 2.21 $1.30 $6.33 32.22 $13.12 15.41 252.11 Aug-00 203.97 139.32 S&P Composite 1500 Materials $1.42 $4.24 $1.10 $1.78 $1.71 $1.79 $1.73 $1.72 $6.93 $5.83 19.59 $7.69 $1.92 144.98 May-00 114.23 111.41 S&P Composite 1500 Telecommunication Services $3.53 $2.91 $3.44 $2.33 $3.28 $3.25 $4.03 $1.84 $2.73 $2.68 3.14 $12.34 16.52 200.04 Jul-00 174.50 162.06 S&P Composite 1500 Utilities
2
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http://www.standardandpoors.com/indices/sp-
5
0
S&P
D
S&P 500
EA
R
NI
GS
AN
STI
MA
1
10
3
Howard Silverblatt
S&P Senior
Index
howard_silverblatt@spdji.com
I personally think the
13
8
$1
12
6
$
9
And while the initial 201
4
7
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I just don’t see a
28
-> at that growth rate I could expect
P/E
16
38
S&P 500
S&P 500 5YR
MID
C
MIDCAP 5YR
SMA
L
SMALLCAP 5YR
2013 EST
PROJ AN
NU
PEG
O
PER
GROWTH %
Index
13.07
10.
64
1.23
16.02
1
2.72
1.
26
16.50
13.50
1.
22
Consumer Discretionary
15.33
15.58
0.98
15.79
14.
44
1.09
15.69
14.
70
1.07
Consumer Staples
15.
35
9.
32
1.65
10.72
1.43
16.79
13.20
1.
27
Energy
11
39
6.32
1.80
14.93
13.04
1.14
17
18
F
11.89
10.28
1.16
18.72
8.36
2.24
17.
41
9.67
Health Care
13.29
9.01
1.47
1
6.83
18.96
0.89
17.65
16.36
1.08
Industrials
13.
48
11.18
1.
21
1
4.03
13.41
1.05
15.55
14.72
1.06
Information Technology
12.00
14.43
0.83
16.48
16.09
1.02
16.37
16.24
1.01
Materials
13.65
8.62
1.58
14.22
10.
46
1.36
16.32
1
0.75
1.
52
Telecommunication Services
1
6.71
5.
30
3.15
29.14
13.24
2.20
19
25.66
Utilities
14.42
3.58
1
5.43
6.92
2.23
15.62
4.92
3.17
OB
SE
V
Q4,12′ EST
Q1,’13 EST
Q2,’13 EST
Q3,’13 EST
Q4,’13 EST
6/30/11
$29.93
9/30/11
$29.57
12/30/11
$28.32
3/30/12
$27.42
$1
17.91
6/29/12
$27.93
$27.
53
$
117
9/28/12
$26.87
$26.93
$115.00
12/
31
$25.29
$26.18
$27.84
$28.52
$29.63
$112.17
1/10/13
$25.32
$
26.29
$
27.97
$28.63
$29.72
$1
12.62
20 issues reported for Q4,’12, with 13 beats, 5 misses and 2 on target
Of the 28 with full operating comparative data for Q4,’12:
18 beat, 6 missed, and 4 met their estimates
S&P 500 Q4,’12 OPER EPS
ISSUES
———– PERCENTA
GE
SECTOR
REPORT
ED
BEAT
MISSED
MET
REPORTED
Energy 0 0 0 0
0.00%
Materials 3 2 0 1
10.00%
6
6.67%
3
3.33%
Industrials 2 1 1 0 3.33%
50.00%
Consumer Discretionary 8 6 2 0
9.64%
75.00%
25.00%
Consumer Staples 5 4 1 0
11.90%
80.00%
20.00%
Health Care 0 0 0 0 0.00% 0.00% 0.00% 0.00%
Financials
3.70%
33.33%
Information Technology 7 4 1 2 10.00%
57.14%
14.29
28.57%
Telecommunication Services 0 0 0 0 0.00% 0.00% 0.00% 0.00%
Utilities 0 0 0 0 0.00% 0.00% 0.00% 0.00%
S&P 500 28 18 6 4
5.
60
6
4.29%
21.43%
14.29%
S&P 500 BOTTOM-UP
OPERATING
MAT
Data as of the close of:
S&P 500 close of:
1472.12
Dividend yield (last 12 months: Dec,’12)
2.12%
Dividend yield (indicated rate)
2.20%
This is Howard’s projected dividend yield
OPERATING
AS REPORTED
— 12
MON
S
HAR
QUAR
TER
END
PR
ICE
PER SHR
(ests are
bottom up)
top down)
ESTIMATES
12/31/2013
$24.90
$27.88
14.62
1
3.73
$1
12.61
$
100.71
$107.20
09/30/2013
$26.04
$27.74
13.60
15.17
14.04
$108.21
$97.05
$104.83
06/30/2013
$27.97
$25.40
$26.73
14.21
20.73
14.56
$103.58
$92.22
$101.09
03/31/2013
$24.37
$
24.85
14.57
1
6.65
14.75
$101.04
$8
8.44
$99.79
12/31/2012 (4.2%)
1426.19
$
21.24
$25.
51
1
4.87
16.90
14.84
$87.10
$99.18
14.41
14.38
(P/E on Dec,’12 price)
ACTUAL
09/30/2012
1440.67
$24.00
$
21.21
14.79
16.66
$97.40
$86.50
06/30/2012
1362.16
$25.43
$21.62
13.80
1
5.49
$98.69
$87.92
03/31/2012
1408.47
$24.24
$23.03
14.35
1
5.91
$98.12
$88.
54
12/31/2011
1257.60
$23.73
$20.64
14.46
$96.44
$86.95
09/30/2011
1131.42
$
22.63
11.95
13.01
$94.64
$86.98
06/30/2011
1320.64
$24.86
$
22.24
1
4.53
15.75
$90.91
$83.87
03/30/2011
1325.83
$22.56
$21.44
15.25
16.31
$
81
12/31/2010
1257.64
$21.93
$20.67
15.01
16.26
$83.77
$77.35
09/30/2010
1141.20
$21.56
$19.52
14.
45
15.88
$79.00
$71.86
06/30/2010
1030.71
$20.90
$19.68
14.08
15.36
$73.22
$67.10
03/31/2010
1169.43
$19.38
$
17.48
17.68
19.19
$66.13
$60.93
12/31/2009
11
15.10
$17.16
$1
5.18
19.61
2
1.88
$56.86
$50.97
09/30/2009
1057.08
$15.
78
$14.76
26.69
84.30
$39.61
$12.54
06/30/2009
919.32
$13.81
$
13.51
23.10
1
22.41
$39.79
$7.51
03/31/2009
797.87
$10.11
$7.52
18.56
116.31
$43.00
$6.86
12/31/2008
903.25
–
$0.09
-$23.25
18.24
60.70
$49.51
$14.88
09/30/2008
1166.36
$15.96
$9.73
17.99
25.38
$64.82
$4
5.95
06/30/2008
1280.00
$17.02
$12.86
18.36
24.92
$69.73
$51.37
03/31/2008
1
322
$
16.62
$
15.54
17.23
21.90
$76.77
$60.39
12/31/2007
1468.36
$15.22
$7.82
17.79
22.19
$82.54
$66.18
09/30/2007
15
26.75
$20.87
$
1
5.15
17.09
19.42
$89.31
$78.60
06/30/2007
1503.35
$24.06
$21.88
16.44
17.70
$91.47
$84.92
03/31/2007
1420.86
$22.39
$21.33
15.90
$89.36
$83.15
12/31/2006
14
18.30
$21.99
$20.24
16.17
17.40
$87.72
$81.51
09/30/2006
1335.85
$21.47
17.00
$85.92
$78.57
06/30/2006
1270.20
$21.95
$20.11
17.05
$
81.73
$74.49
03/31/2006
1294.83
$20.75
$19.69
16.35
17.82
$79.20
$72.67
12/31/2005
1248.29
$20.19
$17.30
16.33
17.85
$76.45
$69.93
09/30/2005
1228.81
$18.84
$17.39
16.56
18.46
$74.21
$66.57
06/30/2005
1191.33
$19.42
$18.29
16.49
18.80
$72.25
$63.36
03/31/2005
1180.
59
$18.00
$16.95
16.91
19.57
$69.81
$60.32
12/31/04
1211.92
$17.95
$13.94
20.70
$67.68
$58.55
09/30/2004
11
1
4.58
$16.88
$14.18
1
7.25
19.29
$64.61
$57.77
06/30/2004
1140.84
$16.98
$15.25
20.32
$62.14
$56.15
03/31/2004
1126.21
$15.87
$15.18
19.39
21.66
$58.08
$52.00
12/31/03
1111.92
$13.16
20.33
22.81
$54.69
$48.74
09/30/2003
995.97
$14.41
$12.56
19.25
25.82
$51.75
$38.58
06/30/2003
974.50
$
12.92
$
11.10
19.91
28.21
$48.95
$34.55
03/31/2003
848.18
$12.48
$11.92
$47.67
$30.32
12/31/2002
879.82
$11.94
$3.00
19.11
31.89
$46.04
$2
7.59
09/30/2002
815.28
$11.61
$8.53
18.52
27.14
$
44.04
$30.04
06/30/2002
989.81
$11.64
$6.87
23.80
37.02
$41.59
$26.74
03/31/2002
1147.39
$10.85
$9.19
29.44
46.45
$38.97
$24.70
12/31/2001
1148.08
$
9.94
$5.45
29.55
46.50
$38.85
$24.69
09/30/2001
1040.94
$9.16
$5.23
2
4.77
36.77
$42.02
$28.31
06/30/2001
1224.38
$9.02
$4.83
26.03
33.28
$47.03
$36.79
03/31/2001
1160.33
$10.73
$9.18
21.94
25.54
$52.89
$45.44
12/31/2000
1320.28
$13.11
$9.07
23.52
26.41
$56.13
$50.00
09/30/2000
1436.51
$14.17
$13.71
25.30
$56.79
$53.70
06/30/2000
1454.60
$13.48
26.17
28.02
$55.59
$
51.92
03/31/2000
1498.58
$1
3.97
$
13.74
27.79
29.41
$53.92
$50.95
12/31/1999
1469.25
$13.77
$1
2.77
28.43
30.50
$51.68
$48.17
09/30/1999
1282.71
$12.97
$11.93
25.98
29.18
$49.38
$43.96
06/30/1999
1372.71
$1
3.21
$12.51
29.29
33.46
$46.86
$41.02
03/31/1999
1286.37
$11.73
$10.96
28.54
33.52
$45.08
$38.38
12/31/1998
1229.23
$11.47
$8.56
27.77
32.60
$44.27
$37.71
09/30/1998
10
17.01
$10.45
$8.99
23.07
26.70
$44.09
$38.09
06/30/1998
1133.84
$11.43
$9.87
29.10
$44.67
03/31/1998
1101.75
$10.92
$10.29
24.83
2
7.86
$44.37
$39.54
12/31/1997
970.43
$11.29
$8.94
22.05
24.43
$4
4.01
$39.72
09/30/1997
947.28
$11.03
23.31
$43.73
$40.64
06/30/1997
885.14
$11.13
$10.44
20.77
21.83
$42.62
$40.55
03/31/1997
757.12
$10.56
$10.47
18.11
18.82
$41.80
$40.24
12/31/1996
740.74
$11.01
$9.86
18.23
19.13
$40.63
$38.73
09/30/1996
687.33
$9.92
$
9.78
17.44
19.09
$39.40
$36.00
06/30/1996
670.63
$10.31
$10.13
17.08
19.21
$39.26
$34.91
03/31/1996
645.50
$9.39
$8.96
$38.45
$34.04
12/31/1995
6
15.93
$9.78
$7.13
16.34
18.14
$37.70
$33.96
09/30/1995
584.41
$8.69
15.92
1
6.61
$36.72
$35.18
06/30/1995
544.75
$9.50
$9.26
15.82
$34.97
$34.43
03/31/1995
500.71
$8.64
$8.88
15.07
15.38
$33.22
$32.55
12/31/1994
459.27
$8.80
$8.35
14.47
$31.75
$30.60
09/30/1994
462.71
$8.03
$7.94
15.37
16.93
$30.11
$27.33
06/30/1994
444.27
$7.75
$7.38
15.32
17.63
$29.00
$2
5.20
03/31/1994
445.77
$7.17
$6.93
19.63
$27.82
$22.71
12/31/1993
466.45
$7.16
$5.08
17.34
21.31
$26.90
$21.89
09/30/1993
458.93
$6.92
$5.81
18.10
22.49
$25.35
$20.41
06/30/1993
450.53
$6.57
$4.89
$23.55
$19.33
03/31/1993
451.67
$6.25
$6.11
20.35
22.77
$22.19
$19.84
12/31/1992
435.71
$5.61
$3.60
20.88
22.82
$19.09
09/30/1992
4
17.80
$5.12
$4.73
21.01
23.16
$19.89
$18.04
06/30/1992
408.14
$5.21
$5.40
20.53
23.94
$1
9.88
$17.05
03/31/1992
403.69
$4.93
$5.36
20.74
24.93
$19.46
$16.19
12/31/1991
417.09
$4.63
$2.55
21.61
26.12
$19.30
$15.97
09/30/1991
387.86
$5.11
$3.74
19.71
21.77
$17.82
06/30/1991
371.16
$4.79
$4.54
18.07
$20.54
$19.41
03/31/1991
375.22
$4.77
$5.14
17.20
17.92
$21.81
$20.94
12/31/1990
330.22
$5.01
$4.40
15.47
$22.65
$21.34
09/30/1990
306.05
$5.97
$5.33
13.03
$23.48
$21.74
06/30/1990
358.02
$6.06
$6.07
15.53
16.84
$23.05
$21.26
03/31/1990
339.94
$5.54
$23.52
$21.67
12/31/1989
353.40
$5.84
$4.80
15.45
$24.32
$
22.87
09/30/1989
349.15
$4.85
14.05
14.74
$23.69
06/30/1989
317.98
$6.53
$6.48
12.46
$25.53
$25.22
03/31/1989
294.87
$6.41
$6.74
11.77
11.81
$25.05
$
24.96
12/31/1988
277.72
$6.37
$5.62
11.51
11.69
$24.12
$23.75
09/30/1988
271.91
$6.22
$6.38
06/30/1988
273.50
$6.05
03/31/1988
258.89
$5.48
$5.53
Operating earnings:
Income from product (goods and services), excludes corporate (M&A, financing, layoffs ), and unusual items
As Reported earnings:
Income from continuing operations, also known G
AA
Bottom up estimate:
Capital IQ consensus estimate for specific issue, building from the bottom up to the index level estimate
Top down estimate:
S&P estimate (Economics Department) incorporates models (economic, financial, policy), does not come down to the issue level
Actual earnings are bottom up
Estimates are bottom up and top down, as marked
Charts are normalized operating estimates based on Capital IQ consensus estimates
SECTOR EPS
S&P Dow Jones Indices
Data as of the close of: 1/10/13
Historical actuals:
9/30/12
and prior
Estimates:
and forward
IN
DE
X
2008 Q1
2008 Q2
2008 Q3
2008 Q4
2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
2011 Q3
2011 Q4
2012 Q1
2012 Q2
2012 Q3
2012 Q4
2013 Q1
2013 Q2
2013 Q3
2013 Q4
2008 EPS
2008 P/E
2009 EPS
2009 P/E
2010 EPS
2010 P/E
2011 EPS
2011 P/E
2012 EPS
2012 P/E
2013 EPS
2013 P/E
PRICE 12/12
PRICE 12/11
PRICE 12/10
PRICE 12/09
PRICE 12/08
Operating Earnings Per Share by Economic Sector
Price
S&P 500 1472.12
$16.62
-$0.09
Jun-03
1115.10
S&P 500 Consumer Discretionary
387.07
$2.61
$1.68
$1.36
–
$0.37
$0.38
$2.77
$3.49
$4.32
$4.09
$4.43
$5.05
$4.67
$5.38
$5.18
$5.58
$4.91
$5.30
$5.73
$6.24
$6.46
$7.09
$5.28
32.08
21.45
$18.20
$20.81
14.83
$22.18
16.96
$25.25
376.06
Nov-00
295.54
235.07
169.41
S&P 500 Consumer Staples
370.24
$4.04
$4.27
$4.66
$4.20
$3.90
$4.62
$4.88
$4.96
$4.37
$4.81
$
5.26
$4.92
$5.39
$5.51
$5.56
$5.06
$5.77
$6.26
$
17.17
14.37
$18.36
14.94
$19.45
15.61
$21.38
$22.03
16.38
$24.11
360.78
303.58
274.30
246.66
S&P 500 Energy
549.24
$12.22
$13.54
$20.73
$4.44
$0.44
$4.57
$5.93
$6.32
$8.42
$9.29
$8.39
$9.10
$10.81
$12.98
$
14.11
$10.04
$11.52
$1
2.21
$
11.35
$12.09
$12.44
$
12.35
$50.93
$17.26
24.91
$35.21
14.39
$47.94
10.86
$45.14
$48.23
532.96
Jun-01
506.75
429.95
386.35
S&P 500 Financials
231.44
–
$0.80
–
$1.05
–
$5.46
–
$13.93
$0.50
$1.01
$1.35
$1.54
$3.66
$3.81
$3.92
$3.43
$3.75
$3.95
$4.48
$4.05
$3.93
$4.38
$4.71
-$21.24
-7.95
$
14.82
14.49
$16.23
10.79
$16.63
13.31
$19.47
221.24
Jun-00
214.77
193.78
168.79
S&P 500 Health Care
484.58
$6.19
$6.34
$6.28
$5.66
$6.61
$6.60
$6.27
$7.08
$7.23
$7.44
$7.15
$7.70
$8.27
$7.40
$8.02
$7.93
$8.09
$9.32
$9.08
$24.47
12.64
$
26.40
13.72
$28.90
$31.08
12.93
$32.39
$36.46
46
2.95
Feb-01
364.78
362.22
309.41
S&P 500 Industrials
339.95
$
3.08
$3.24
$4.15
$3.71
$4.61
$5.24
$4.56
$5.44
$5.42
$6.17
$5.75
$5.57
$5.65
$6.45
$6.65
$21.18
$14.22
$18.41
$20.96
13.95
$22.98
14.31
$25.21
328.75
Oct-00
301.12
242.99
207.21
S&P 500 Information Technology
473.62
$4.39
$
2.73
$2.90
$3.62
$4.52
$6.44
$6.70
$7.90
$7.18
$7.69
$7.32
$8.14
$6.90
$9.59
$9.12
$9.40
$9.47
$11.48
$16.12
$17.48
$26.25
15.41
$31.44
$32.91
14.10
$39.47
463.82
404.55
370.71
231.81
S&P 500 Materials
246.88
$4.49
-$4.56
$1.04
$1.67
$2.27
$2.11
$3.20
$3.47
$3.25
$3.42
$
1.87
$4.23
$4.46
$3.19
$2.97
$4.75
$4.06
28.18
$13.33
17.97
$1
6.20
$14.84
16.01
$
18.08
237.62
Jul-00
239.61
199.81
137.59
S&P 500 Telecommunication Services
148.81
$2.25
$1.98
$1.87
$1.95
$1.88
$1.77
$1.62
$1.91
$1.84
$1.63
$1.78
$1.21
$1.90
$2.29
$2.09
$1.39
$2.06
$
2.36
$2.51
$8.21
13.61
$7.22
$7.36
17.50
$6.85
18.95
$7.67
19.05
$8.91
16.71
146.04
May-00
128.74
114.64
111.70
S&P 500 Utilities
179.89
$2.67
$4.01
$2.37
$2.89
$2.52
$2.28
$3.41
$2.66
$4.11
$2.16
$3.15
$2.87
$4.13
$2.32
$2.98
$2.68
$
2.42
$3.08
$2.71
$4.10
$2.59
$12.25
12.08
$11.50
$12.34
$12.47
14.67
177.66
159.34
157.99
147.93
S&P 400
1058.01
$10.12
$10.71
$10.01
–
$0.79
$2.45
$8.50
$9.22
$10.93
$11.82
$10.65
$13.07
$13.23
$13.36
$12.84
$13.74
$14.13
$14.72
$16.37
$17.37
$17.60
$30.05
$27.59
26.34
$43.92
20.66
$50.31
$55.12
18.51
$66.06
10
20.43
May-02
907.25
726.67
538.28
S&P 400 Consumer Discretionary
458.89
$2.46
$0.34
$0.61
$2.00
$2.57
$3.29
$4.28
$3.85
$5.35
$4.41
$7.01
$5.10
$5.88
$8.06
$6.03
$6.77
$6.39
28.11
$
12.14
22.69
$
18.02
20.02
$19.73
$29.06
443.95
Dec-00
360.79
275.43
179.63
S&P 400 Consumer Staples
886
$6.21
$8.51
$6.83
$7.19
$8.31
$10.23
$7.59
$10.41
$
11.83
$11.55
$11.24
$11.37
$10.97
$11.78
$14.07
$14.02
$
13.40
$14.40
$15.88
$28.68
$31.18
$39.30
15.77
$46.09
$50.75
$57.70
862.71
Jan-02
6
19.59
495.72
417.56
S&P 400 Energy
715.81
$13.38
$30.21
-$40.02
–
$20.59
$4.36
$6.91
$4.12
$10.60
$7.92
$8.12
$4.70
$12.87
$
17.83
$10.90
$11.70
$12.01
$12.76
$12.72
$
16.97
-$5.20
-116.31
$31.34
25.11
$46.71
$36.07
19.28
695.36
Dec-01
786.99
604.81
361.64
S&P 400 Financials
534.17
$0.51
-$2.58
$3.79
$2.96
$3.55
$3.40
$4.59
$4.95
$6.00
$6.20
$4.47
$6.76
$5.26
$6.73
$7.06
$7.66
$6.10
64.11
32.84
$18.94
25.85
$20.37
22.11
$25.50
20.16
$28.53
5
14.14
Mar-01
489.73
422.69
391.04
S&P 400 Health Care
653.82
$6.43
$4.55
$0.92
$4.51
$5.80
$8.16
$
7.55
$7.53
$9.93
$9.72
$9.91
$19.48
15.13
$15.76
25.18
$
20.63
23.58
19.74
618.7
May-01
486.42
396.85
294.70
S&P 400 Industrials
499
$5.03
$6.18
$6.29
$2.56
$3.97
$4.29
$4.14
$5.87
$
6.16
$5.55
$5.37
$6.88
$7.37
$8.19
$8.70
$7.33
$7.45
$9.43
$9.76
$21.40
20.79
$21.73
1
8.83
$27.17
$31.06
$35.62
14.03
482.54
409.05
3
15.56
242.88
S&P 400 Information Technology
1157.62
$9.31
$10.54
$8.89
–
$2.08
$1.61
$6.84
$10.75
$9.70
$12.08
$13.69
$
16.57
$14.66
$12.18
$10.15
$13.95
$11.25
$15.60
$14.86
$17.08
$17.97
$20.35
$26.66
19.81
$25.85
32.32
$52.03
$53.98
18.06
21.96
$70.25
1119.05
Aug-02
1105.38
8
35.38
528.08
S&P 400 Materials
303.82
$0.99
$1.29
$2.36
$4.65
$4.07
$3.11
$3.34
$4.53
$
3.59
$3.76
$5.79
$5.76
$15.17
20.91
$14.19
17.28
$
15.80
15.39
$
16.70
17.46
$21.37
291.69
Aug-00
245.23
194.89
128.06
S&P 400 Telecommunication Services
195.48
$3.48
$4.03
$4.34
$3.16
$2.35
$1.38
$2.03
$
1.49
$1.51
$2.69
$2.49
$0.54
$1.86
$1.49
$0.85
$1.06
$16.22
$10.09
$12.23
14.99
22.72
29.85
$6.71
187.72
183.36
161.65
143.16
S&P 400 Utilities
311.72
$2.48
$4.74
$4.45
$2.75
$3.36
$2.41
$3.58
$3.05
$3.45
$3.86
$4.02
$3.77
$3.88
$15.35
13.67
$15.57
$17.74
$17.22
$19.49
15.70
$20.21
306.13
267.44
243.22
209.87
S&P 600
492.25
$3.70
$3.51
–
$1.27
$0.68
$1.83
$2.26
$2.85
$4.86
$7.39
$7.76
$7.98
$10.22
$7.62
43.65
$17.00
24.46
$22.57
21.11
$29.83
476.57
4
15.73
332.63
268.73
S&P 600 Consumer Discretionary
311.51
$1.42
$0.53
–
$0.90
$0.48
$0.57
$2.42
$1.70
$2.33
$3.23
$3.17
$3.89
$
3.14
$3.35
$3.53
$4.90
59.30
$5.17
36.47
$10.19
18.81
$14.96
20.29
$19.86
303.55
Sep-00
254.46
188.55
125.12
S&P 600 Consumer Staples
872.95
$8.11
$5.98
$5.04
$7.47
$9.05
$3.80
$10.07
$8.07
$
6.94
$10.38
$9.46
$9.88
$
12.39
$1
2.04
$10.66
$
11.07
$13.35
$13.89
$23.24
17.69
$28.07
20.20
$34.77
20.39
$36.66
20.78
$47.01
18.21
855.92
708.94
566.97
411.19
S&P 600 Energy
1251.97
$16.13
$21.06
$33.26
-$35.78
-$4.28
$6.89
$6.14
-$1.67
$11.49
$11.79
$
16.21
$21.51
$16.78
$8.98
$12.30
$2.78
$13.12
$14.23
$16.31
$18.90
$
21.14
$34.67
14.68
116.43
$46.51
25.58
$61.15
19.90
$30.64
39.60
$70.58
1213.24
Apr-03
1189.83
824.31
509.00
S&P 600 Financials
577.61
–
$1.17
-$10.69
-$4.43
–
$1.31
–
$5.89
$0.56
$1.55
$2.20
$3.72
$2.24
$4.72
$6.54
$6.50
$7.35
$7.54
$8.20
$8.46
-$6.15
-74.11
-$11.07
-37.75
$9.71
50.98
25.17
$27.48
$33.18
559.32
494.86
417.94
455.79
S&P 600 Health Care
865.82
$5.96
$5.15
$5.85
$7.05
$6.52
$9.44
$7.89
$8.54
$9.64
$11.36
$8.38
$9.09
$11.60
$10.62
$12.06
$12.53
$13.85
$21.75
19.87
$24.93
21.19
$31.70
20.36
$37.43
$39.11
21.17
$49.07
828.04
645.65
528.23
4
32.22
S&P 600 Industrials
548.86
$7.61
$4.00
$2.86
$6.16
$6.94
$6.68
$7.56
$7.97
$9.33
$9.21
$8.79
$26.10
$
16.46
$20.97
22.36
$26.17
16.86
$29.49
$35.30
529.85
468.88
372.57
323.26
S&P 600 Information Technology
276.9
$1.93
–
$0.76
–
$0.65
$1.47
$
2.79
$3.27
$3.52
$2.60
$3.01
$2.50
$2.31
$3.39
30.94
$2.79
72.61
$11.66
$10.39
23.20
28.03
$16.92
268.88
251.93
202.58
137.09
S&P 600 Materials
342.18
–
$0.23
$4.26
–
$3.57
$0.01
$3.18
$3.67
$4.97
$4.18
$2.91
$3.61
$5.64
$4.25
$5.69
32.10
$9.82
25.01
$12.94
22.23
$15.73
$16.36
19.82
324.22
287.69
245.57
167.89
S&P 600 Telecommunication Services
$0.07
$0.49
$0.12
–
$0.22
-$0.01
$
0.03
$0.02
$0.03
$0.04
$0.46
10.58
$0.11
$0.14
$0.15
$0.13
Jan-00
S&P 600 Utilities
491.26
$10.21
$3.73
$8.26
$2.15
$8.92
$11.21
$3.26
$8.47
$12.27
$9.90
$9.96
$12.17
$24.45
$23.26
$27.65
15.74
$30.26
16.52
$28.85
16.82
$
31.45
485.39
435.24
382.95
376.26
S&P Composite 1500
340.53
–
$0.08
$2.13
$4.82
$4.99
$5.63
$5.32
$5.41
$5.70
$5.92
$6.49
$11.12
18.43
$18.64
$21.50
$22.21
14.85
$25.47
13.37
329.78
254.79
204.93
S&P Composite 1500 Consumer Discretionary
366.33
$1.12
–
$0.28
$0.52
$4.21
$5.86
$4.87
32.30
$10.06
22.06
$
16.65
$19.08
15.30
$20.71
17.18
$23.81
355.82
221.96
157.30
S&P Composite 1500 Consumer Staples
386.88
$4.30
$5.02
$5.19
$5.60
$5.71
$5.27
$6.01
$6.31
$6.75
$17.63
$18.89
15.02
$20.16
15.65
$22.96
16.42
$25.17
377.01
283.70
253.99
S&P Composite 1500 Energy
580.84
$12.59
$14.04
$21.87
$2.30
-$0.50
$8.82
$9.60
$8.76
$9.30
$13.53
$14.81
$
12.45
$11.74
$
11.76
$
12.96
$12.89
$50.80
$16.77
27.12
$36.48
$49.85
$46.41
$50.16
11.58
563.64
Jul-01
454.73
399.12
S&P Composite 1500 Financials
256.28
–
$0.39
–
$0.78
-$5.08
-$13.36
$1.11
$3.64
$3.78
$4.17
-$19.61
-9.59
47.00
$
15.09
$16.69
$17.46
$20.39
12.57
245.32
211.96
188.00
S&P Composite 1500 Health Care
497.78
$6.23
$6.67
$6.12
$6.99
$7.00
$7.43
$7.71
$7.46
$7.95
$8.18
$9.23
$9.35
$9.17
$23.65
$25.23
$27.92
$30.68
$32.24
$36.64
13.58
475.27
362.62
306.44
S&P Composite 1500 Industrials
360.34
$6.04
$5.59
$3.38
$3.69
$6.79
10.05
$14.30
$18.69
16.87
14.15
$23.84
14.61
$26.41
348.35
252.97
213.73
S&P Composite 1500 Information Technology
489.57
$4.64
$6.80
$7.73
$7.31
$8.08
$9.55
$9.57
$15.95
14.95
$17.09
$26.54
$31.32
14.71
$39.65
478.87
380.15
238.53
S&P Composite 1500 Materials
262.27
$4.31
-$3.66
$2.47
$3.12
$3.33
$5.31
26.59
$13.65
13.52
$15.39
16.39
$18.91
13.87
252.11
203.97
139.32
S&P Composite 1500 Telecommunication Services
147.73
$2.12
$1.99
$1.76
$1.59
$1.89
$2.04
$1.82
$1.60
$1.94
$1.19
$1.37
13.49
18.97
$7.57
19.15
$8.78
144.98
114.23
111.41
S&P Composite 1500 Utilities
202.67
$2.65
$2.74
$2.63
$2.76
$2.92
$2.93
$13.01
$12.42
$13.49
13.26
$13.62
15.05
$13.10
15.27
$13.91
200.04
174.50
162.06
As Reported Earnings Per Share by Economic Sector
INDEX NAME Price 2008 Q1 2008 Q2 2008 Q3 2008 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2008 EPS 2008 P/E 2009 EPS 2009 P/E 2010 EPS 2010 P/E 2011 EPS 2011 P/E 2012 EPS 2012 P/E 2013 EPS 2013 P/E Price Price PRICE 12/10 PRICE 12/09 PRICE 12/08 INDEX NAME
S&P 500 1472.12
$15.54
$13.51
$22.24
$22.63
S&P 500 Consumer Discretionary 387.07 $2.03
–
$3.28
–
$1.18
-$11.28
$0.45
$3.14
$4.76
-$13.71
-12.36
$10.49
$
16.67
17.73
$22.36
S&P 500 Consumer Staples 370.24 $3.71 $3.53 $4.49 $2.51 $3.48
$4.33
$3.99
$4.50
$5.16
$14.24
17.32
$16.55
$19.02
17.64
S&P 500 Energy 549.24 $12.09 $13.12
$19.70
-$9.76
–
$0.27
$9.74
$9.03
$10.72
$11.89
$9.65
$11.71
9.80
$35.15
10.99
$16.01
26.86
$35.54
14.26
$44.79
11.63
S&P 500 Financials 231.44
–
$0.81
–
$2.53
-$10.71
-$23.91
–
$0.25
$3.44
$2.40
$3.68
-$37.96
-4.45
74.24
$12.77
$14.08
S&P 500 Health Care 484.58 $5.58 $5.71 $5.18
$2.62
$6.09
$7.11
$25.61
$22.46
$25.31
S&P 500 Industrials 339.95
$4.94
$5.22
$2.88
$3.94
$3.32
$4.58
$
17.62
$12.55
19.36
$20.17
S&P 500 Information Technology 473.62
$4.16
$3.82
$1.53
$2.99
$5.83
$6.58
$7.29
$8.60
$7.81
$12.82
$15.07
24.60
$25.56
15.83
S&P 500 Materials 246.88 $4.27 $4.52
$2.95
-$11.16
$0.82
$2.83
$0.94
$3.83
$0.58
237.22
33.98
$12.75
18.79
$
14.55
S&P 500 Telecommunication Services 148.81 $1.89 $2.20 $1.93 $0.99 $1.78
$1.80
$0.67
$1.79
$1.71
-$3.43
$1.74
19.60
$7.72
69.85
S&P 500 Utilities 179.89 $3.32
$2.82
$1.69
$3.04
$2.84
$3.09
$2.07
$1.44
12.74
$12.36
12.78
$11.04
$11.15
16.41
S&P 400 1058.01 $8.94 $7.23
$6.42
-$17.92
-$1.98
$7.85
$11.90
$10.27
$11.26
12.41
1
15.26
$39.14
23.18
$42.44
20.72
1020.43
S&P 400 Consumer Discretionary 458.89 $0.80
$1.16
–
$2.73
-$5.56
$3.96
$3.98
$6.40
–
$6.33
-28.38
25.13
$15.77
22.88
$17.47
S&P 400 Consumer Staples 886 $6.07 $6.77 $7.73 $5.86 $5.35 $4.61 $7.71
$9.20
$9.80
$11.18
$10.91
$11.86
$10.52
8.40
$26.43
18.45
$37.08
$34.99
21.49
S&P 400 Energy 715.81
$13.50
$12.95
$30.08
-$58.80
-$21.74
$10.40
$7.99
$7.77
$12.63
-$1.62
-$2.27
-159.31
-$8.29
-72.96
$32.62
24.13
$40.45
17.43
S&P 400 Financials 534.17 $4.53
–
$0.24
$0.40
-$5.68
$3.03
$3.21
$3.37
$5.94
$5.90
-$0.99
-394.99
$14.14
29.89
$18.55
$19.28
23.37
514.14
S&P 400 Health Care 653.82 $4.21 $5.61 $3.23
–
$0.97
-$7.01
$5.82
$4.24
24.40
63.90
$14.56
33.41
$24.58
19.92
S&P 400 Industrials 499.79 $4.52 $5.73 $1.71
-$3.00
–
$1.65
$2.80
$3.63
$5.67
$5.74
27.11
38.77
$
18.86
21.69
$20.91
S&P 400 Information Technology 1157.62
$8.30
$6.08
-$52.81
-$4.23
$9.11
$14.44
$15.04
$13.99
$10.76
$1.72
$8.67
-$35.08
-15.05
$16.09
$43.03
25.69
$39.44
24.72
835.38
S&P 400 Materials 303.82 $3.53 $3.95 $4.21
-$3.72
$1.00
$2.23
$2.01
$4.19
16.07
$8.52
$13.83
$12.90
S&P 400 Telecommunication Services 195.48
$2.81
-$4.64
$3.31
$1.66
$1.81
$0.88
$0.31
22.76
$9.85
$10.28
23.09
S&P 400 Utilities 311.72
$4.84
$2.43
$5.99
$2.44
$3.07
$5.09
$13.25
$17.13
S&P 600 492.25 $3.12 $1.61 $0.25
-$11.31
–
$1.92
$0.69
$1.45
$3.59
-42.45
147.18
$13.98
29.73
$15.68
26.47
415.73
S&P 600 Consumer Discretionary 311.51
$0.86
-$3.30
-$15.62
–
$0.95
-$0.85
$2.21
$1.40
-$23.14
-5.41
136.63
$8.59
29.62
22.32
S&P 600 Consumer Staples 872.95
$2.54
-$7.49
-$8.88
$5.91
$9.51
$11.41
–
$0.26
-1581.48
$21.86
32.43
$33.81
22.53
S&P 600 Energy 1251.97
$15.83
$20.05
$32.11
-$70.70
-$9.48
$4.69
-$1.44
$8.93
$15.00
$11.84
$20.34
$15.72
$8.33
$10.95
-$2.71
-187.82
-$3.97
-207.64
$41.88
28.41
$56.23
21.64
S&P 600 Financials 577.61 $1.87 $0.26
-$6.49
-$16.74
-$6.92
-$1.54
–
$7.26
$0.83
$1.43
$5.95
-$21.10
-21.60
-$15.19
-27.51
$16.43
29.84
S&P 600 Health Care 865.82 $4.39 $3.57 $5.03 $2.65 $3.03
$5.78
$7.20
$8.32
-$5.45
$8.05
$15.64
27.64
$20.43
25.86
$26.84
24.05
$9.13
80.26
S&P 600 Industrials 548.86 $5.71 $7.73
$7.10
-$5.25
–
$0.42
$6.69
$6.64
$15.29
41.30
$14.91
$23.39
S&P 600 Information Technology 276.9 $1.18
$0.32
-$6.23
–
$2.64
-$0.92
$1.14
-$4.45
-30.81
-$1.04
-194.79
$10.37
24.29
$7.74
31.16
S&P 600 Materials 342.18 -$0.50
$0.66
-$17.01
-$5.77
$2.39
-$3.02
-$15.88
-10.57
62.33
$12.93
22.25
S&P 600 Telecommunication Services 2.36
$0.05
$0.20
–
$0.19
–
$0.60
-$0.02
$0.06
-$0.05
-$0.54
-9.02
$0.00
$0.17
25.14
S&P 600 Utilities 491.26 $10.19
$2.22
$8.10
$2.02
$9.61
$10.99
$3.10
$4.08
$12.20
$9.84
$11.56
$24.18
$24.04
$26.38
$29.43
16.99
S&P Composite 1500 340.53 $3.47 $2.84 $2.15
-$5.51
69.47
23.33
$17.12
$19.23
15.08
290.89
S&P Composite 1500 Consumer Discretionary 366.33
$1.73
-$2.67
-$1.53
-$10.30
$3.46
-$12.77
-12.32
23.82
$15.14
18.59
$20.04
281.44
S&P Composite 1500 Consumer Staples 386.88 $3.79 $3.60 $4.50 $2.61
$3.56
$4.35
$6.13
$14.50
17.52
$16.89
16.80
16.03
$19.65
315.60
S&P Composite 1500 Energy 580.84 $12.47
$13.61
$20.84
-$12.75
–
$1.30
$8.84
$9.28
$11.02
$13.05
$12.39
$9.98
$12.07
$34.17
11.68
$15.32
29.68
$36.80
14.69
$46.45
11.88
540.65
S&P Composite 1500 Financials 256.28
-$0.48
-$2.36
-$10.08
-$22.96
$1.10
-$0.04
-$35.88
-5.24
74.90
18.12
$14.54
236.72
S&P Composite 1500 Health Care 497.78 $5.35 $5.55 $4.96 $2.36 $4.89 $5.84 $6.42 $6.61 $5.23 $5.93 $5.38
$5.13
$5.29
$6.95
$18.22
$23.76
17.27
$24.63
374.18
S&P Composite 1500 Industrials 360.34 $4.90 $5.60 $4.93
$1.23
$1.96
$3.22
$2.94
$3.84
$4.68
$5.00
$5.49
$16.66
12.83
$11.96
21.15
$17.07
18.48
$20.28
315.41
S&P Composite 1500 Information Technology 489.57 $4.14 $4.53 $3.72
-$1.95
22.85
$14.32
26.55
$25.55
16.54
$28.54
422.47
S&P Composite 1500 Materials 262.27 $4.06 $4.38 $3.15
-$10.29
$0.62
$1.22
107.17
18.75
$14.36
246.06
S&P Composite 1500 Telecommunication Services 147.73 $1.89 $2.21 $1.93 $0.90 $1.78 $1.79 $1.60 $0.66
$0.93
-$3.35
1.85
16.08
16.68
67.02
128.24
S&P Composite 1500 Utilities 202.67 $3.71 $2.73 $3.97 $1.93 $2.65 $2.49 $3.63
$4.22
13.13
$12.99
13.43
$12.21
14.65
$12.41
178.90
Notes:
Actual As Reported Diluted earnings, sometimes called Generally Accepted Accounting Principal (GAAP) earnings, is income from continuing operations. It excludes both
discontinued and extraordinary income. Both of these terms are defined by Financial Standards Accounting Board (FASB) under GAAP. As Reported earnings represent the
longest monitored earnings series available today.
Actual Operating Basic earnings then excludes ‘unusual’ items from that value. Operating income is not defined under GAAP by FASB. This permits individual companies to
interpret what is and what is not ‘unusual’. The result is a varied interpretation of items and charges, where the same specific type of charge may be included in Operating earnings
for one company and omitted from another. S&P reviews all earnings to insure compatibility across company and industry groups.
The bottom-up earnings estimates are based on the Capital IQ consensus forecast.
The current As Reported reporting quarter consists of actually-reported earnings extrapolated if at least 70% of the market value has reported.
The current Operating reporting quarter consists of actually-reported earnings and Capital IQ consensus estimates.
Historical annual P/Es are based on the year-end price.
Estimated P/Es are based on the current price.
QUARTE
Y DATA
S&P Dow Jones Indices
OPERATING AS REPORTED
SALES
VAL
PER PER
R
$7.77
$22.56 $21.44 $6.16
$21.93 $20.67 $6.03
$17.16 $15.18 $5.66
919.32
$10.11 $7.52 $5.96
797.87
-$0.09 -$23.25 $7.15
903.25
$15.22 $7.82 $7.62
$6.90
$21.99 $20.24 $6.87
$20.19 $17.30 $6.08
995.97
$4.09
974.50
848.18
$11.94 $3.00 $4.26
879.82
815.28
989.81
$5.45 $3.98
.94
$13.74 $4.08
$12.51 $4.18
885.14
584.41
387.86
ISSUES
S&P 500 Q4 2012 EarningsAlert | |||||||||||||||||||||||||||||||||||||||||||||||||
Actual operating, as reported and sales are from S&P Compustat | |||||||||||||||||||||||||||||||||||||||||||||||||
Issue level data includes restatements | |||||||||||||||||||||||||||||||||||||||||||||||||
PRIOR | |||||||||||||||||||||||||||||||||||||||||||||||||
TICKER | COMPANY | $ MILLIONS | PER SHARE | YEAR | |||||||||||||||||||||||||||||||||||||||||||||
ACN | Accenture Plc’A’ | $7,668.03 | $7,589.10 | $1.09 | $0.96 | ||||||||||||||||||||||||||||||||||||||||||||
ADBE | Adobe Systems | $1,153.43 | $1,152.16 | $0.35 | |||||||||||||||||||||||||||||||||||||||||||||
Alcoa Inc | $5,898.00 | $5,989.00 | $0.21 | – | $0.18 | ||||||||||||||||||||||||||||||||||||||||||||
APOL | Apollo Group’A’ | $1,055.18 | $1,178.69 | $1.32 | |||||||||||||||||||||||||||||||||||||||||||||
AZO | AutoZone Inc | $1,991.04 | $1,924.34 | $5.52 | |||||||||||||||||||||||||||||||||||||||||||||
B | BBY | Bed Bath & Beyond | $2,701.80 | $2,343.56 | $1.03 | ||||||||||||||||||||||||||||||||||||||||||||
KMX | CarMax Inc | $2,727.80 | $2,375.14 | $0.41 | $0.36 | ||||||||||||||||||||||||||||||||||||||||||||
C | CL | Carnival Corp | $3,578.00 | $3,697.00 | |||||||||||||||||||||||||||||||||||||||||||||
CTAS | Cintas Corp | $1,060.39 | $1,019.13 | $0.59 | $0.63 | ||||||||||||||||||||||||||||||||||||||||||||
CAG | ConAgra Foods | $3,735.50 | $3,403.90 | ||||||||||||||||||||||||||||||||||||||||||||||
STZ | Constellation Brands’A’ | $766.90 | $700.70 | ||||||||||||||||||||||||||||||||||||||||||||||
COST | Costco Wholesale | $23,715.00 | $21,628.00 | $0.73 | |||||||||||||||||||||||||||||||||||||||||||||
DRI | Darden Restaurants | $1,960.00 | $1,831.40 | ||||||||||||||||||||||||||||||||||||||||||||||
DF | Discover Financial Svcs | $2,310.00 | $2,175.63 | $1.08 | $1.07 | ||||||||||||||||||||||||||||||||||||||||||||
F | DO | Family Dollar Stores | $2,421.69 | $2,148.29 | |||||||||||||||||||||||||||||||||||||||||||||
FDX | FedEx Corp | $11,107.00 | $10,587.00 | $1.57 | |||||||||||||||||||||||||||||||||||||||||||||
GIS | Genl Mills | $4,881.80 | $4,623.80 | ||||||||||||||||||||||||||||||||||||||||||||||
JBL | Jabil Circuit | $4,637.02 | $4,326.77 | $0.55 | |||||||||||||||||||||||||||||||||||||||||||||
MU | Micron Technology | $1,834.00 | $2,090.00 | – | $0.29 | ||||||||||||||||||||||||||||||||||||||||||||
Monsanto Co | $2,939.00 | $2,439.00 | |||||||||||||||||||||||||||||||||||||||||||||||
MOS | Mosaic Co | $2,536.20 | $3,019.50 | ||||||||||||||||||||||||||||||||||||||||||||||
NKE | NIKE, Inc’B’ | $5,955.00 | $5,731.00 | ||||||||||||||||||||||||||||||||||||||||||||||
ORCL | Oracle Corp | $9,094.00 | $8,792.00 | $0.43 | |||||||||||||||||||||||||||||||||||||||||||||
PAYX | Paychex Inc | $569.40 | $545.70 | ||||||||||||||||||||||||||||||||||||||||||||||
RHT | Red Hat Inc | $343.61 | $290.03 | ||||||||||||||||||||||||||||||||||||||||||||||
WAG | Walgreen Co | $17,316.00 | $18,157.00 | ||||||||||||||||||||||||||||||||||||||||||||||
AMGN | Amgen Inc | $4,319.00 | $3,944.00 | $1.58 | $1.41 | ||||||||||||||||||||||||||||||||||||||||||||
A | PH | Amphenol Corp’A’ | $1,103.38 | $1,032.75 | $0.91 | ||||||||||||||||||||||||||||||||||||||||||||
APC | Anadarko Petroleum | $3,283.00 | $3,384.00 | -$6.12 | |||||||||||||||||||||||||||||||||||||||||||||
ADI | Analog Devices | $694.96 | $716.13 | ||||||||||||||||||||||||||||||||||||||||||||||
AON | Aon PLC | $2,737.00 | $2,723.00 | ||||||||||||||||||||||||||||||||||||||||||||||
APA | Apache Corp | $4,141.00 | $4,282.00 | $0.72 | |||||||||||||||||||||||||||||||||||||||||||||
AIV | Apartment Investment & Mg | $269.73 | $279.70 | -$0.07 | -$0.26 | ||||||||||||||||||||||||||||||||||||||||||||
$996.50 | $1,122.12 | $1.02 | |||||||||||||||||||||||||||||||||||||||||||||||
AAPL | Apple Inc | $35,966.00 | $28,270.00 | ||||||||||||||||||||||||||||||||||||||||||||||
AMAT | Applied Materials | $1,646.00 | $2,181.00 | -$0.42 | |||||||||||||||||||||||||||||||||||||||||||||
ADM | Archer-Daniels-Midland | $21,808.00 | $21,902.00 | ||||||||||||||||||||||||||||||||||||||||||||||
AIZ | Assurant Inc | $2,140.48 | $2,056.60 | $1.52 | |||||||||||||||||||||||||||||||||||||||||||||
AT&T Inc | $31,459.00 | $31,478.00 | |||||||||||||||||||||||||||||||||||||||||||||||
ADSK | Autodesk, Inc | $548.00 | $548.60 | ||||||||||||||||||||||||||||||||||||||||||||||
ADP | Automatic Data Proc | $2,637.50 | $2,522.50 | ||||||||||||||||||||||||||||||||||||||||||||||
AutoNation Inc | $3,932.50 | $3,506.50 | |||||||||||||||||||||||||||||||||||||||||||||||
$2,763.59 | $2,642.00 | $8.65 | |||||||||||||||||||||||||||||||||||||||||||||||
AVB | AvalonBay Communities | $277.46 | $253.69 | $0.75 | $0.89 | ||||||||||||||||||||||||||||||||||||||||||||
AVY | Avery Dennison Corp | $1,487.80 | $1,699.60 | $0.47 | |||||||||||||||||||||||||||||||||||||||||||||
AVP | Avon Products | $2,550.90 | $2,762.40 | ||||||||||||||||||||||||||||||||||||||||||||||
BHI | Baker Hughes Inc | $5,228.00 | $5,178.00 | $0.70 | |||||||||||||||||||||||||||||||||||||||||||||
BLL | Ball Corp | $2,282.50 | $2,258.30 | $0.74 | |||||||||||||||||||||||||||||||||||||||||||||
BK | Bank of New York Mellon | $3,803.00 | $3,847.00 | ||||||||||||||||||||||||||||||||||||||||||||||
BCR | Bard (C.R.) | $722.90 | $719.20 | $1.50 | $1.46 | ||||||||||||||||||||||||||||||||||||||||||||
BA | Baxter Intl | $3,477.00 | $3,479.00 | $1.15 | |||||||||||||||||||||||||||||||||||||||||||||
BBT | BB&T Corp | $2,683.00 | $2,440.00 | $0.71 | |||||||||||||||||||||||||||||||||||||||||||||
BEAM | Beam Inc | $627.50 | $1,427.30 | -$0.41 | |||||||||||||||||||||||||||||||||||||||||||||
BDX | Becton, Dickinson | $1,967.17 | $2,050.80 | ||||||||||||||||||||||||||||||||||||||||||||||
$2,593.01 | $2,314.06 | $0.98 | |||||||||||||||||||||||||||||||||||||||||||||||
B | MS | Bemis Co | $1,287.80 | $1,357.88 | |||||||||||||||||||||||||||||||||||||||||||||
BRK.B | Berkshire Hathaway’B’ | $40,984.00 | $33,692.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Best Buy | $10,753.00 | $11,347.00 | |||||||||||||||||||||||||||||||||||||||||||||||
BIG | Big Lots | $1,134.20 | $1,138.29 | – | $0.10 | -$0.10 | |||||||||||||||||||||||||||||||||||||||||||
BIIB | Biogen Idec | $1,385.55 | $1,309.93 | ||||||||||||||||||||||||||||||||||||||||||||||
BLK | BlackRock Inc | $2,320.00 | $2,225.00 | $3.65 | |||||||||||||||||||||||||||||||||||||||||||||
BMC | BMC Software | $548.20 | $556.70 | ||||||||||||||||||||||||||||||||||||||||||||||
Boeing Co | $20,008.00 | $17,727.00 | |||||||||||||||||||||||||||||||||||||||||||||||
BWA | Borg Warner | $1,695.20 | $1,791.80 | $1.24 | |||||||||||||||||||||||||||||||||||||||||||||
BXP | Boston Properties | $484.71 | $464.13 | ||||||||||||||||||||||||||||||||||||||||||||||
BSX | Boston Scientific | $1,734.00 | $1,874.00 | ||||||||||||||||||||||||||||||||||||||||||||||
BMY | Bristol-Myers Squibb | $3,736.00 | $5,345.00 | -$0.43 | |||||||||||||||||||||||||||||||||||||||||||||
BRCM | Broadcom Corp’A’ | $2,128.00 | $1,957.00 | ||||||||||||||||||||||||||||||||||||||||||||||
BF.B | Brown-Forman’B’ | $776.70 | $781.10 | ||||||||||||||||||||||||||||||||||||||||||||||
CHRW | C.H. Robinson Worldwide | $2,880.41 | $2,694.93 | ||||||||||||||||||||||||||||||||||||||||||||||
CA Inc | $1,152.00 | $1,200.00 | |||||||||||||||||||||||||||||||||||||||||||||||
CVC | Cablevision Sys’A’ | $1,672.54 | $1,665.79 | ||||||||||||||||||||||||||||||||||||||||||||||
COG | Cabot Oil & Gas | $296.87 | $262.12 | ||||||||||||||||||||||||||||||||||||||||||||||
CAM | Cameron Intl | $2,218.30 | $1,685.90 | ||||||||||||||||||||||||||||||||||||||||||||||
CPB | Campbell Soup | $2,336.00 | $2,161.00 | ||||||||||||||||||||||||||||||||||||||||||||||
COF | Capital One Financial | $6,390.00 | $4,706.00 | $2.10 | |||||||||||||||||||||||||||||||||||||||||||||
CAH | Cardinal Health | $25,889.00 | $26,792.00 | ||||||||||||||||||||||||||||||||||||||||||||||
$2,881.28 | $2,700.05 | ||||||||||||||||||||||||||||||||||||||||||||||||
$4,684.00 | $5,057.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
CAT | Caterpillar Inc | $16,445.00 | $15,716.00 | $2.34 | $2.05 | ||||||||||||||||||||||||||||||||||||||||||||
CB | CBRE Group’A’ | $1,557.15 | $1,534.46 | ||||||||||||||||||||||||||||||||||||||||||||||
CBS | CBS Corp ‘B’ | $3,418.00 | $3,365.00 | ||||||||||||||||||||||||||||||||||||||||||||||
C | EL | Celgene Corp | $1,419.25 | $1,249.74 | |||||||||||||||||||||||||||||||||||||||||||||
CNP | CenterPoint Energy | $1,705.00 | $1,881.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CTL | CenturyLink Inc | $4,571.00 | $4,596.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CERN | Cerner Corp | $676.48 | $571.64 | ||||||||||||||||||||||||||||||||||||||||||||||
CF | CF Industries Hldgs | $1,359.40 | $1,403.80 | $6.35 | |||||||||||||||||||||||||||||||||||||||||||||
CHK | Chesapeake Energy | $2,971.00 | $3,978.00 | -$3.22 | -$3.19 | ||||||||||||||||||||||||||||||||||||||||||||
CVX | Chevron Corp | $53,497.00 | $59,287.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CMG | Chipotle Mexican Grill | $700.53 | $591.85 | ||||||||||||||||||||||||||||||||||||||||||||||
Chubb Corp | $3,353.00 | $3,412.00 | |||||||||||||||||||||||||||||||||||||||||||||||
CI | Cigna Corp | $7,358.00 | $5,613.00 | $1.85 | |||||||||||||||||||||||||||||||||||||||||||||
CINF | Cincinnati Financial | $1,035.00 | $944.00 | ||||||||||||||||||||||||||||||||||||||||||||||
$1,051.33 | $1,017.18 | ||||||||||||||||||||||||||||||||||||||||||||||||
CSC | Cisco Systems | $11,876.00 | $11,256.00 | $0.33 | |||||||||||||||||||||||||||||||||||||||||||||
Citigroup Inc | $23,656.00 | $26,862.00 | $0.16 | ||||||||||||||||||||||||||||||||||||||||||||||
CTXS | Citrix Systems | $641.42 | $565.35 | ||||||||||||||||||||||||||||||||||||||||||||||
CLF | Cliffs Natural Resources | $1,544.90 | $2,142.80 | ||||||||||||||||||||||||||||||||||||||||||||||
CLX | Clorox Co | $1,338.00 | $1,305.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CME | CME Group Inc | $696.30 | $877.90 | ||||||||||||||||||||||||||||||||||||||||||||||
CMS | CMS Energy | $1,507.00 | $1,464.00 | ||||||||||||||||||||||||||||||||||||||||||||||
COH | Coach Inc | $1,161.35 | $1,050.36 | $0.77 | |||||||||||||||||||||||||||||||||||||||||||||
KO | Coca-Cola Co | $12,340.00 | $12,246.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CCE | Coca-Cola Enterprises | $2,070.00 | $2,140.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CTSH | Cognizant Tech Solutions’ | $1,891.69 | $1,602.69 | ||||||||||||||||||||||||||||||||||||||||||||||
Colgate-Palmolive | $4,332.00 | $4,383.00 | |||||||||||||||||||||||||||||||||||||||||||||||
CMCSA | Comcast Cl’A’ | $16,544.00 | $14,339.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CMA | Comerica Inc | $656.00 | $664.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Computer Sciences | $3,854.00 | $4,008.00 | -$18.56 | ||||||||||||||||||||||||||||||||||||||||||||||
$3,311.90 | $3,072.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
COP | ConocoPhillips | $14,520.00 | $59,188.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CNX | CONSOL Energy | $1,125.39 | $1,499.80 | ||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Edison | $3,438.00 | $3,630.00 | |||||||||||||||||||||||||||||||||||||||||||||||
$698.50 | $690.20 | ||||||||||||||||||||||||||||||||||||||||||||||||
CBE | Cooper Industries | $1,497.50 | $1,389.70 | ||||||||||||||||||||||||||||||||||||||||||||||
GLW | Corning Inc | $2,038.00 | $2,075.00 | ||||||||||||||||||||||||||||||||||||||||||||||
$32,218.00 | $28,178.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
CVH | Coventry Health Care | $3,457.78 | $2,975.54 | $0.84 | |||||||||||||||||||||||||||||||||||||||||||||
COV | Covidien Plc | $3,001.00 | $3,078.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CCI | Crown Castle Intl | $621.34 | $513.88 | ||||||||||||||||||||||||||||||||||||||||||||||
CSX | CSX Corp | $2,894.00 | $2,963.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CMI | Cummins Inc | $4,121.00 | $4,629.00 | ||||||||||||||||||||||||||||||||||||||||||||||
CVS | CVS Caremark Corp | $30,227.00 | $26,674.00 | ||||||||||||||||||||||||||||||||||||||||||||||
DHI | D.R.Horton | $1,338.80 | $1,098.30 | $0.30 | |||||||||||||||||||||||||||||||||||||||||||||
DHR | Danaher Corp | $4,415.54 | $4,518.09 | ||||||||||||||||||||||||||||||||||||||||||||||
$2,034.80 | $1,942.00 | $0.87 | |||||||||||||||||||||||||||||||||||||||||||||||
DV | DaVita Inc | $1,962.97 | $1,807.87 | $1.48 | |||||||||||||||||||||||||||||||||||||||||||||
Dean Foods | $3,143.25 | $3,410.80 | -$8.41 | ||||||||||||||||||||||||||||||||||||||||||||||
Deere & Co | $9,791.50 | $8,611.70 | $1.75 | ||||||||||||||||||||||||||||||||||||||||||||||
DELL | Dell Inc | $13,721.00 | $15,365.00 | ||||||||||||||||||||||||||||||||||||||||||||||
DNR | Denbury Resources | $595.32 | $572.06 | ||||||||||||||||||||||||||||||||||||||||||||||
XRAY | DENTSPLY Intl | $695.73 | $619.76 | ||||||||||||||||||||||||||||||||||||||||||||||
DVN | Devon Energy | $1,865.00 | $3,502.00 | -$1.80 | |||||||||||||||||||||||||||||||||||||||||||||
DeVry Inc | $482.74 | $519.04 | |||||||||||||||||||||||||||||||||||||||||||||||
Diamond Offshore Drilling | $729.14 | $878.18 | $1.28 | ||||||||||||||||||||||||||||||||||||||||||||||
DTV | D | IR | $7,416.00 | $6,844.00 | |||||||||||||||||||||||||||||||||||||||||||||
DFS | $2,289.22 | $2,151.05 | |||||||||||||||||||||||||||||||||||||||||||||||
DIS | Discovery Communications’ | $1,076.00 | $1,095.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Disney (Walt) Co | $10,782.00 | $10,425.00 | |||||||||||||||||||||||||||||||||||||||||||||||
DLTR | Dollar Tree | $1,720.50 | $1,596.60 | ||||||||||||||||||||||||||||||||||||||||||||||
Dominion Resources | $3,411.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
RRD | Donnelley(R.R.)& Sons | $2,508.80 | $2,683.30 | ||||||||||||||||||||||||||||||||||||||||||||||
DOV | Dover Corp | $2,208.70 | $2,203.39 | ||||||||||||||||||||||||||||||||||||||||||||||
DOW | Dow Chemical | $13,637.00 | $15,109.00 | ||||||||||||||||||||||||||||||||||||||||||||||
DPS | Dr. Pepper Snapple Group | $1,528.00 | $1,529.00 | ||||||||||||||||||||||||||||||||||||||||||||||
DTE | DTE Energy | $2,206.00 | $2,265.00 | ||||||||||||||||||||||||||||||||||||||||||||||
DUK | Duke Energy | $6,722.00 | $3,964.00 | ||||||||||||||||||||||||||||||||||||||||||||||
DNB | Dun & Bradstreet | $413.20 | $439.40 | $1.97 | |||||||||||||||||||||||||||||||||||||||||||||
DD | duPont(E.I.)deNemours | $7,420.00 | $9,336.00 | ||||||||||||||||||||||||||||||||||||||||||||||
ETFC | E Trade Financial | $563.16 | $585.41 | ||||||||||||||||||||||||||||||||||||||||||||||
EMN | Eastman Chemical | $2,259.00 | $1,812.00 | ||||||||||||||||||||||||||||||||||||||||||||||
EBAY | eBay Inc | $3,404.00 | $2,965.76 | ||||||||||||||||||||||||||||||||||||||||||||||
ECL | Ecolab Inc | $3,023.30 | $1,736.10 | ||||||||||||||||||||||||||||||||||||||||||||||
EIX | Edison Intl | $4,070.00 | $3,980.00 | ||||||||||||||||||||||||||||||||||||||||||||||
EW | Edwards Lifesciences | $447.90 | $412.70 | ||||||||||||||||||||||||||||||||||||||||||||||
Electronic Arts | $711.00 | $715.00 | -$1.21 | -$1.00 | -$1.03 | ||||||||||||||||||||||||||||||||||||||||||||
EMC | EMC Corp | $5,278.18 | $4,980.20 | ||||||||||||||||||||||||||||||||||||||||||||||
EMR | Emerson Electric | $6,700.00 | $6,545.00 | $1.13 | |||||||||||||||||||||||||||||||||||||||||||||
ESV | E | NSC | $1, | 123 | $915.60 | ||||||||||||||||||||||||||||||||||||||||||||
ETR | Entergy Corp | $2,963.56 | $3,395.55 | ||||||||||||||||||||||||||||||||||||||||||||||
EOG | EOG Resources | $2,878.30 | $2,672.22 | $1.33 | |||||||||||||||||||||||||||||||||||||||||||||
EQT | EQT Corp | $364.06 | $336.72 | ||||||||||||||||||||||||||||||||||||||||||||||
EFX | Equifax Inc | $543.90 | $490.40 | $0.64 | |||||||||||||||||||||||||||||||||||||||||||||
EQR | Equity Residential | $626.23 | $517.27 | ||||||||||||||||||||||||||||||||||||||||||||||
EXC | Exelon Corp | $6,565.00 | $5,295.00 | ||||||||||||||||||||||||||||||||||||||||||||||
EXPE | Expedia Inc | $1,199.02 | $1,140.84 | $1.26 | $1.56 | $1.20 | |||||||||||||||||||||||||||||||||||||||||||
EXPD | Expeditors Intl,Wash | $1,531.66 | $1,606.37 | ||||||||||||||||||||||||||||||||||||||||||||||
ESRX | Express Scripts Holding | $27,027.90 | $11,599.50 | ||||||||||||||||||||||||||||||||||||||||||||||
XOM | Exxon Mobil | $103,417.00 | $111,991.00 | ||||||||||||||||||||||||||||||||||||||||||||||
FFIV | F5 Networks | $362.56 | $314.62 | ||||||||||||||||||||||||||||||||||||||||||||||
FDO | $2,364.13 | $2,134.33 | |||||||||||||||||||||||||||||||||||||||||||||||
FAST | Fastenal Co | $802.58 | $726.74 | ||||||||||||||||||||||||||||||||||||||||||||||
FII | Federated Investors ‘B’ | $238.47 | $214.05 | ||||||||||||||||||||||||||||||||||||||||||||||
$10,792.00 | $10,521.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
FIS | Fidelity Natl Info Svcs | $1,436.90 | $1,426.20 | ||||||||||||||||||||||||||||||||||||||||||||||
FITB | Fifth Third Bancorp | $1,695.00 | $1,720.00 | ||||||||||||||||||||||||||||||||||||||||||||||
FHN | First Horizon Natl | $364.05 | $429.25 | ||||||||||||||||||||||||||||||||||||||||||||||
FSLR | First Solar | $839.15 | $1,005.79 | ||||||||||||||||||||||||||||||||||||||||||||||
FE | FirstEnergy Corp | $4,311.00 | $4,756.00 | ||||||||||||||||||||||||||||||||||||||||||||||
FISV | Fiserv Inc | $1,118.00 | $1,063.00 | ||||||||||||||||||||||||||||||||||||||||||||||
FLIR | FLIR Systems | $332.23 | $371.33 | ||||||||||||||||||||||||||||||||||||||||||||||
FLS | Flowserve Corp | $1,165.92 | $1,121.81 | ||||||||||||||||||||||||||||||||||||||||||||||
FLR | Fluor Corp | $7,136.06 | $6,037.61 | ||||||||||||||||||||||||||||||||||||||||||||||
FMC | FMC Corp | $902.40 | $862.10 | ||||||||||||||||||||||||||||||||||||||||||||||
FTI | FMC Technologies | $1,419.00 | $1,287.20 | ||||||||||||||||||||||||||||||||||||||||||||||
Ford Motor | $32,172.00 | $33,047.00 | |||||||||||||||||||||||||||||||||||||||||||||||
FRX | Forest Labs | $746.29 | $1,163.83 | ||||||||||||||||||||||||||||||||||||||||||||||
FOSL | Fossil Inc | $684.17 | $642.91 | ||||||||||||||||||||||||||||||||||||||||||||||
BEN | Franklin Resources | $1,825.01 | $1,854.78 | ||||||||||||||||||||||||||||||||||||||||||||||
FCX | Freep’t McMoRan Copper&Go | $4,417.00 | $5,195.00 | ||||||||||||||||||||||||||||||||||||||||||||||
FTR | Frontier Communications | $1,252.47 | $1,290.94 | ||||||||||||||||||||||||||||||||||||||||||||||
GME | GameStop Corp’A’ | $1,772.80 | $1,946.80 | ||||||||||||||||||||||||||||||||||||||||||||||
GCI | Gannett Co | $1,309.26 | $1,266.03 | ||||||||||||||||||||||||||||||||||||||||||||||
GPS | Gap Inc | $3,864.00 | $3,585.00 | ||||||||||||||||||||||||||||||||||||||||||||||
GD | Genl Dynamics | $7,934.00 | $7,853.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Genl Electric | $35,562.00 | $34,811.00 | |||||||||||||||||||||||||||||||||||||||||||||||
$4,051.00 | $3,847.60 | ||||||||||||||||||||||||||||||||||||||||||||||||
GPC | Genuine Parts | $3,375.78 | $3,285.56 | ||||||||||||||||||||||||||||||||||||||||||||||
GNW | Genworth Financial’A’ | $2,544.00 | $2,507.00 | ||||||||||||||||||||||||||||||||||||||||||||||
GILD | Gilead Sciences | $2,426.60 | $2,121.66 | ||||||||||||||||||||||||||||||||||||||||||||||
Goldman Sachs Group | $10,144.00 | $5,585.00 | -$0.84 | ||||||||||||||||||||||||||||||||||||||||||||||
GT | Goodyear Tire & Rub | $5,264.00 | $6,062.00 | ||||||||||||||||||||||||||||||||||||||||||||||
GOOG | Google Inc’A’ | $14,101.00 | $9,720.00 | $8.44 | |||||||||||||||||||||||||||||||||||||||||||||
GWW | Grainger (W.W.) | $2,281.20 | $2,114.65 | $2.19 | |||||||||||||||||||||||||||||||||||||||||||||
HRB | H & R Block | $137.26 | $129.19 | -$0.38 | -$0.37 | ||||||||||||||||||||||||||||||||||||||||||||
HAL | Halliburton Co | $7,111.00 | $6,548.00 | ||||||||||||||||||||||||||||||||||||||||||||||
HOG | Harley-Davidson | $1,250.30 | $1,397.26 | ||||||||||||||||||||||||||||||||||||||||||||||
Harman Intl | $998.19 | $1,050.60 | |||||||||||||||||||||||||||||||||||||||||||||||
HRS | Harris Corp | $1,261.50 | $1,460.30 | ||||||||||||||||||||||||||||||||||||||||||||||
HIG | Hartford Finl Svcs Gp | $6,414.00 | $4,453.00 | -$0.03 | |||||||||||||||||||||||||||||||||||||||||||||
HAS | Hasbro Inc | $1,345.14 | $1,375.81 | ||||||||||||||||||||||||||||||||||||||||||||||
HCP | HCP Inc | $488.88 | $461.72 | ||||||||||||||||||||||||||||||||||||||||||||||
HCN | Health Care REIT | $473.40 | $386.43 | ||||||||||||||||||||||||||||||||||||||||||||||
HNZ | Heinz (H.J.) | $2,827.21 | $2,831.83 | ||||||||||||||||||||||||||||||||||||||||||||||
HP | Helmerich & Payne | $829.45 | $700.75 | ||||||||||||||||||||||||||||||||||||||||||||||
HSY | Hershey Co | $1,746.71 | $1,624.25 | ||||||||||||||||||||||||||||||||||||||||||||||
HES | Hess Corp | $9,194.00 | $8,665.00 | $1.64 | |||||||||||||||||||||||||||||||||||||||||||||
HPQ | Hewlett-Packard | $29,959.00 | $32,122.00 | -$3.49 | |||||||||||||||||||||||||||||||||||||||||||||
HD | Home Depot | $18,130.00 | $17,326.00 | ||||||||||||||||||||||||||||||||||||||||||||||
HON | Honeywell Intl | $9,342.00 | $9,298.00 | ||||||||||||||||||||||||||||||||||||||||||||||
HRL | Hormel Foods | $2,170.18 | $2,103.90 | ||||||||||||||||||||||||||||||||||||||||||||||
HSP | Hospira Inc | $994.00 | $976.70 | ||||||||||||||||||||||||||||||||||||||||||||||
HST | Host Hotels & Resorts | $1,207.00 | $1,143.00 | ||||||||||||||||||||||||||||||||||||||||||||||
HCBK | Hudson City Bancorp | $408.45 | $527.63 | ||||||||||||||||||||||||||||||||||||||||||||||
HUM | Humana Inc | $9,651.00 | $9,300.64 | ||||||||||||||||||||||||||||||||||||||||||||||
HBAN | Huntington Bancshares | $744.85 | $749.55 | ||||||||||||||||||||||||||||||||||||||||||||||
ITW | Illinois Tool Works | $4,501.00 | $4,580.52 | ||||||||||||||||||||||||||||||||||||||||||||||
Ingersoll-Rand Plc | $3,592.70 | $3,928.50 | |||||||||||||||||||||||||||||||||||||||||||||||
TEG | Integrys Energy Group | $927.60 | $938.70 | ||||||||||||||||||||||||||||||||||||||||||||||
INTC | Intel Corp | $13,457.00 | $14,233.00 | ||||||||||||||||||||||||||||||||||||||||||||||
IntercontinentalExchange | $323.19 | $340.78 | |||||||||||||||||||||||||||||||||||||||||||||||
IP | Interpublic Grp Cos | $1,670.40 | $1,726.50 | ||||||||||||||||||||||||||||||||||||||||||||||
IBM | Intl Bus. Machines | $24,747.00 | $26,157.00 | ||||||||||||||||||||||||||||||||||||||||||||||
IFF | Intl Flavors/Fragr | $708.96 | $713.77 | ||||||||||||||||||||||||||||||||||||||||||||||
IGT | Intl Game Technology | $623.70 | $537.80 | ||||||||||||||||||||||||||||||||||||||||||||||
Intl Paper | $7,026.00 | $6,632.00 | |||||||||||||||||||||||||||||||||||||||||||||||
INTU | Intuit Inc | $647.00 | $594.00 | -$0.17 | -$0.21 | ||||||||||||||||||||||||||||||||||||||||||||
ISRG | Intuitive Surgical | $446.70 | |||||||||||||||||||||||||||||||||||||||||||||||
I | VZ | INVESCO Ltd | $1,041.40 | $997.80 | |||||||||||||||||||||||||||||||||||||||||||||
IRM | Iron Mountain | $748.13 | $772.08 | ||||||||||||||||||||||||||||||||||||||||||||||
$4,338.08 | $4,280.29 | ||||||||||||||||||||||||||||||||||||||||||||||||
JEC | Jacobs Engr Group | $2,786.28 | $2,723.30 | ||||||||||||||||||||||||||||||||||||||||||||||
JDSU | JDS Uniphase Corp | $420.90 | $420.80 | ||||||||||||||||||||||||||||||||||||||||||||||
JNJ | Johnson & Johnson | $17,052.00 | $16,005.00 | ||||||||||||||||||||||||||||||||||||||||||||||
JCI | Johnson Controls | $10,392.00 | $10,788.00 | ||||||||||||||||||||||||||||||||||||||||||||||
JOY | Joy Global | $1,594.90 | $1,335.29 | ||||||||||||||||||||||||||||||||||||||||||||||
J | PM | JPMorgan Chase & Co | $27,799.00 | $27,106.00 | |||||||||||||||||||||||||||||||||||||||||||||
JNPR | Juniper Networks | $1,118.31 | $1,105.80 | ||||||||||||||||||||||||||||||||||||||||||||||
Kellogg Co | $3,720.00 | $3,312.00 | |||||||||||||||||||||||||||||||||||||||||||||||
KEY | KeyCorp | $1,215.00 | $1,188.00 | ||||||||||||||||||||||||||||||||||||||||||||||
KMB | Kimberly-Clark | $5,246.00 | $5,382.00 | $1.34 | |||||||||||||||||||||||||||||||||||||||||||||
KIM | Kimco Realty | $269.85 | $274.02 | ||||||||||||||||||||||||||||||||||||||||||||||
KMI | Kinder Morgan | $2,870.00 | |||||||||||||||||||||||||||||||||||||||||||||||
KLAC | KLA-Tencor Corp | $720.71 | $796.48 | ||||||||||||||||||||||||||||||||||||||||||||||
KSS | Kohl’s Corp | $4,490.00 | $4,376.00 | ||||||||||||||||||||||||||||||||||||||||||||||
KR | Kroger Co | $21,807.00 | $20,595.00 | ||||||||||||||||||||||||||||||||||||||||||||||
LLL | L-3 Communications Hldgs | $3,787.00 | |||||||||||||||||||||||||||||||||||||||||||||||
LH | Laboratory Corp Amer Hldg | $1,419.40 | $1,404.50 | ||||||||||||||||||||||||||||||||||||||||||||||
LRCX | Lam Research | $906.89 | $680.44 | ||||||||||||||||||||||||||||||||||||||||||||||
Lauder (Estee) Co | $2,549.50 | $2,476.70 | |||||||||||||||||||||||||||||||||||||||||||||||
LM | Legg Mason Inc | $672.17 | $640.46 | ||||||||||||||||||||||||||||||||||||||||||||||
LEG | Leggett & Platt | $982.20 | $940.90 | ||||||||||||||||||||||||||||||||||||||||||||||
LEN | Lennar Corp’A’ | $1,099.76 | $820.19 | ||||||||||||||||||||||||||||||||||||||||||||||
LUK | Leucadia National | $2,187.49 | $236.06 | -$1.19 | |||||||||||||||||||||||||||||||||||||||||||||
LXK | Lexmark Intl’A’ | $921.10 | |||||||||||||||||||||||||||||||||||||||||||||||
LIFE | Life Technologies | $911.18 | $928.20 | ||||||||||||||||||||||||||||||||||||||||||||||
LLY | Lilly (Eli) | $5,443.30 | $6,147.90 | ||||||||||||||||||||||||||||||||||||||||||||||
LTD | Limited Brands | $2,050.19 | $2,173.42 | ||||||||||||||||||||||||||||||||||||||||||||||
LNC | Lincoln Natl Corp | $2,954.00 | $2,547.00 | ||||||||||||||||||||||||||||||||||||||||||||||
LLTC | Linear Technology Corp | $335.15 | $329.92 | ||||||||||||||||||||||||||||||||||||||||||||||
LMT | Lockheed Martin | $11,869.00 | $12,119.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Loews Corp | $3,715.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
LO | Lorillard Inc | $1,164.00 | $1,113.00 | $2.18 | |||||||||||||||||||||||||||||||||||||||||||||
LOW | Lowe’s Cos | $12,073.00 | $11,851.00 | ||||||||||||||||||||||||||||||||||||||||||||||
LSI | LSI Corp | $623.96 | $546.91 | ||||||||||||||||||||||||||||||||||||||||||||||
LYB | LyondellBasell Industries | $11,273.00 | $13,297.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MTB | M&T Bank | $1,190.58 | $1,088.73 | $2.17 | |||||||||||||||||||||||||||||||||||||||||||||
Macy’s Inc | $6,075.00 | $5,853.00 | |||||||||||||||||||||||||||||||||||||||||||||||
MRO | Marathon Oil | $4,034.00 | $3,649.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MPC | Marathon Petroleum | $19,586.00 | $19,287.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MAR | Marriott Intl’A’ | $2,729.00 | $2,874.00 | -$0.52 | |||||||||||||||||||||||||||||||||||||||||||||
MMC | Marsh & McLennan | $2,845.00 | $2,806.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MAS | Masco Corp | $1,976.00 | $2,006.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MasterCard Inc’A’ | $1,918.00 | $1,818.00 | |||||||||||||||||||||||||||||||||||||||||||||||
Mattel, Inc | $2,077.82 | $1,998.76 | |||||||||||||||||||||||||||||||||||||||||||||||
MKC | McCormick & Co | $977.70 | $920.40 | ||||||||||||||||||||||||||||||||||||||||||||||
MCD | McDonald’s Corp | $7,152.40 | $7,166.30 | ||||||||||||||||||||||||||||||||||||||||||||||
MHP | McGraw-Hill Companies | $1,952.00 | $1,908.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MCK | McKesson Corp | $29,850.00 | $30,216.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MJN | Mead Johnson Nutrition | $921.30 | $933.90 | ||||||||||||||||||||||||||||||||||||||||||||||
MWV | MeadWestvaco Corp | $1,395.00 | $1,639.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MDT | Medtronic, Inc | $4,095.00 | $4,132.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MRK | Merck & Co | $11,489.00 | $12,021.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MetLife Inc | $16,503.00 | $20,456.00 | |||||||||||||||||||||||||||||||||||||||||||||||
PCS | MetroPCS Communic | $1,259.16 | $1,205.39 | ||||||||||||||||||||||||||||||||||||||||||||||
MCHP | Microchip Technology | $383.30 | $340.60 | -$0.11 | |||||||||||||||||||||||||||||||||||||||||||||
$1,963.00 | -$0.24 | -$0.13 | -$0.14 | ||||||||||||||||||||||||||||||||||||||||||||||
MSFT | Microsoft Corp | $16,008.00 | $17,372.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MOLX | Molex Inc | $916.92 | $935.99 | ||||||||||||||||||||||||||||||||||||||||||||||
TAP | Molson Coors Brewing’B’ | $1,195.50 | $954.40 | ||||||||||||||||||||||||||||||||||||||||||||||
$2,098.00 | $2,247.00 | -$0.44 | -$0.22 | ||||||||||||||||||||||||||||||||||||||||||||||
MNST | Monster Beverage | $541.94 | $474.71 | ||||||||||||||||||||||||||||||||||||||||||||||
MCO | Moody’s Corp | $688.50 | $531.30 | ||||||||||||||||||||||||||||||||||||||||||||||
Morgan Stanley | $6,825.00 | $11,455.00 | -$0.55 | ||||||||||||||||||||||||||||||||||||||||||||||
$2,505.10 | $3,083.30 | ||||||||||||||||||||||||||||||||||||||||||||||||
MSI | Motorola Solutions | $2,153.00 | $2,105.00 | ||||||||||||||||||||||||||||||||||||||||||||||
MUR | Murphy Oil | $7,130.63 | $7,211.41 | ||||||||||||||||||||||||||||||||||||||||||||||
MYL | Mylan Inc | $1,809.77 | $1,575.76 | ||||||||||||||||||||||||||||||||||||||||||||||
NBR | Nabors Indus | $1,766.42 | $1,624.79 | ||||||||||||||||||||||||||||||||||||||||||||||
NDAQ | Nasdaq OMX Group | $743.00 | $946.00 | ||||||||||||||||||||||||||||||||||||||||||||||
NOV | Natl Oilwell Varco | $5,319.00 | $3,740.00 | $1.25 | |||||||||||||||||||||||||||||||||||||||||||||
NTAP | NetApp Inc | $1,541.20 | |||||||||||||||||||||||||||||||||||||||||||||||
NFLX | NetFlix Inc | $905.09 | $821.84 | ||||||||||||||||||||||||||||||||||||||||||||||
NWL | Newell Rubbermaid | $1,535.30 | $1,549.90 | -$0.57 | |||||||||||||||||||||||||||||||||||||||||||||
NFX | Newfield Exploration | $615.00 | $628.00 | -$0.15 | |||||||||||||||||||||||||||||||||||||||||||||
NE | Newmont Mining | $2,480.00 | $2,744.00 | ||||||||||||||||||||||||||||||||||||||||||||||
NWSA | News Corp ‘A’ | $8,136.00 | $7,959.00 | ||||||||||||||||||||||||||||||||||||||||||||||
NEE | NextEra Energy | $3,843.00 | $4,382.00 | ||||||||||||||||||||||||||||||||||||||||||||||
$6,669.00 | $6,081.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
NiSource Inc | $973.50 | $1,068.70 | |||||||||||||||||||||||||||||||||||||||||||||||
Noble Corp | $884.03 | $737.90 | |||||||||||||||||||||||||||||||||||||||||||||||
NBL | Noble Energy | $955.00 | $874.00 | ||||||||||||||||||||||||||||||||||||||||||||||
JWN | Nordstrom, Inc | $2,808.00 | $2,478.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Norfolk Southern | $2,693.00 | $2,889.00 | |||||||||||||||||||||||||||||||||||||||||||||||
Northeast Utilities | $1,861.53 | $1,114.89 | |||||||||||||||||||||||||||||||||||||||||||||||
NTRS | Northern Trust | $1,050.00 | $1,061.80 | ||||||||||||||||||||||||||||||||||||||||||||||
NOC | Northrop Grumman | $6,270.00 | $6,612.00 | ||||||||||||||||||||||||||||||||||||||||||||||
NRG | NRG Energy | $2,331.00 | $2,674.00 | ||||||||||||||||||||||||||||||||||||||||||||||
NUE | Nucor Corp | $4,801.20 | $5,252.14 | ||||||||||||||||||||||||||||||||||||||||||||||
NVDA | NVIDIA Corp | $1,204.11 | $1,066.18 | ||||||||||||||||||||||||||||||||||||||||||||||
NYX | NYSE Euronext | $902.00 | $1,258.00 | ||||||||||||||||||||||||||||||||||||||||||||||
ORLY | O’Reilly Automotive | $1,601.56 | $1,535.45 | ||||||||||||||||||||||||||||||||||||||||||||||
OXY | Occidental Petroleum | $5,965.00 | $6,006.00 | ||||||||||||||||||||||||||||||||||||||||||||||
OMC | Omnicom Group | $3,406.60 | $3,380.80 | ||||||||||||||||||||||||||||||||||||||||||||||
OKE | ONEOK Inc | $3,028.78 | $3,595.19 | ||||||||||||||||||||||||||||||||||||||||||||||
$8,181.00 | $8,374.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
OI | Owens-Illinois | $1,747.00 | $1,862.00 | ||||||||||||||||||||||||||||||||||||||||||||||
PCAR | PACCAR Inc | $3,820.20 | $4,257.10 | ||||||||||||||||||||||||||||||||||||||||||||||
PLL | Pall Corp | $627.60 | $705.64 | ||||||||||||||||||||||||||||||||||||||||||||||
Parker-Hannifin | $3,214.93 | $3,233.88 | |||||||||||||||||||||||||||||||||||||||||||||||
PDCO | Patterson Cos | $867.19 | $856.88 | ||||||||||||||||||||||||||||||||||||||||||||||
$578.20 | $563.10 | ||||||||||||||||||||||||||||||||||||||||||||||||
BTU | Peabody Energy | $2,058.70 | $2,035.90 | ||||||||||||||||||||||||||||||||||||||||||||||
JCP | Penney (J.C.) | $2,927.00 | $3,986.00 | -$0.56 | -$0.67 | ||||||||||||||||||||||||||||||||||||||||||||
PBCT | People’s United Financial | $341.70 | $358.70 | ||||||||||||||||||||||||||||||||||||||||||||||
POM | Pepco Holdings | $1,476.00 | $1,643.00 | ||||||||||||||||||||||||||||||||||||||||||||||
PEP | PepsiCo Inc | $16,652.00 | $17,582.00 | ||||||||||||||||||||||||||||||||||||||||||||||
PKI | PerkinElmer Inc | $514.84 | $453.74 | ||||||||||||||||||||||||||||||||||||||||||||||
PRGO | Perrigo Co | $769.81 | $725.29 | ||||||||||||||||||||||||||||||||||||||||||||||
PFE | Pfizer, Inc | $13,976.00 | $17,193.00 | ||||||||||||||||||||||||||||||||||||||||||||||
PCG | PG | $3,976.00 | $3,860.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Philip Morris Intl | $7,920.00 | $8,362.00 | |||||||||||||||||||||||||||||||||||||||||||||||
PSX | Phillips 66 | $39,633.00 | |||||||||||||||||||||||||||||||||||||||||||||||
PNW | Pinnacle West Capital | $1,109.47 | $1,124.84 | ||||||||||||||||||||||||||||||||||||||||||||||
PX | Pioneer Natural Resources | $695.42 | $610.51 | ||||||||||||||||||||||||||||||||||||||||||||||
PBI | Pitney Bowes | $1,215.68 | $1,299.72 | ||||||||||||||||||||||||||||||||||||||||||||||
PCL | Plum Creek Timber | $368.00 | $307.00 | ||||||||||||||||||||||||||||||||||||||||||||||
PNC | PNC Financial Services Gr | $4,359.00 | $3,899.00 | ||||||||||||||||||||||||||||||||||||||||||||||
PPG | PPG Indus | $3,845.00 | $3,849.00 | ||||||||||||||||||||||||||||||||||||||||||||||
PPL | PPL Corp | $2,403.00 | $3,120.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Praxair Inc | $2,774.00 | $2,896.00 | |||||||||||||||||||||||||||||||||||||||||||||||
PCP | Precision Castparts | $1,930.50 | $1,789.60 | ||||||||||||||||||||||||||||||||||||||||||||||
PCLN | priceline.com Inc | $1,706.31 | $1,452.80 | $11.97 | |||||||||||||||||||||||||||||||||||||||||||||
PFG | Principal Financial Grp | $2,704.70 | $2,088.80 | ||||||||||||||||||||||||||||||||||||||||||||||
Procter & Gamble | $20,739.00 | $21,917.00 | |||||||||||||||||||||||||||||||||||||||||||||||
PGR | Progressive Corp,Ohio | $4,342.30 | $3,807.10 | ||||||||||||||||||||||||||||||||||||||||||||||
PLD | Prologis Inc | $521.07 | $532.37 | ||||||||||||||||||||||||||||||||||||||||||||||
PRU | Prudential Financial | $13,147.00 | $14,936.00 | -$1.36 | -$1.41 | ||||||||||||||||||||||||||||||||||||||||||||
PSA | Public Storage | $491.02 | $468.26 | ||||||||||||||||||||||||||||||||||||||||||||||
Public Svc Enterprises | $2,402.00 | $2,884.00 | |||||||||||||||||||||||||||||||||||||||||||||||
PHM | PulteGroup Inc | $1,302.59 | $1,141.93 | -$0.34 | |||||||||||||||||||||||||||||||||||||||||||||
QEP | QEP Resources | $542.40 | $852.40 | ||||||||||||||||||||||||||||||||||||||||||||||
QCOM | QUALCOMM Inc | $4,870.00 | $4,117.00 | ||||||||||||||||||||||||||||||||||||||||||||||
PWR | Quanta Services | $1,685.20 | $1,250.82 | ||||||||||||||||||||||||||||||||||||||||||||||
DGX | Quest Diagnostics | $1,851.44 | $1,906.40 | ||||||||||||||||||||||||||||||||||||||||||||||
Ralph Lauren Corp’A’ | $1,904.60 | ||||||||||||||||||||||||||||||||||||||||||||||||
RRC | Range Resources | $296.31 | $338.38 | ||||||||||||||||||||||||||||||||||||||||||||||
RTN | Raytheon Co | $6,045.00 | $6,132.00 | ||||||||||||||||||||||||||||||||||||||||||||||
$322.60 | $281.32 | ||||||||||||||||||||||||||||||||||||||||||||||||
RF | Regions Financial | $1,497.00 | $1,809.00 | ||||||||||||||||||||||||||||||||||||||||||||||
RSG | Republic Services | $2,046.90 | $2,116.20 | ||||||||||||||||||||||||||||||||||||||||||||||
RAI | Reynolds American | $2,117.00 | $2,200.00 | ||||||||||||||||||||||||||||||||||||||||||||||
RHI | Robert Half Intl | $1,033.17 | $984.67 | ||||||||||||||||||||||||||||||||||||||||||||||
ROK | Rockwell Automation | $1,664.00 | $1,654.30 | ||||||||||||||||||||||||||||||||||||||||||||||
COL | Rockwell Collins | $1,267.00 | $1,298.00 | ||||||||||||||||||||||||||||||||||||||||||||||
ROP | Roper Indus | $747.64 | $712.71 | ||||||||||||||||||||||||||||||||||||||||||||||
ROST | Ross Stores | $2,262.72 | $2,046.43 | ||||||||||||||||||||||||||||||||||||||||||||||
RDC | Rowan Cos Plc | $353.91 | $234.70 | ||||||||||||||||||||||||||||||||||||||||||||||
Ryder System | $1,573.30 | $1,570.72 | |||||||||||||||||||||||||||||||||||||||||||||||
S | WY | Safeway Inc | $10,049.10 | $10,064.20 | |||||||||||||||||||||||||||||||||||||||||||||
SAI | SAIC Inc | $2,842.00 | -$0.28 | ||||||||||||||||||||||||||||||||||||||||||||||
CRM | salesforce.com inc | $788.40 | $584.26 | -$1.55 | |||||||||||||||||||||||||||||||||||||||||||||
SNDK | SanDisk Corp | $1,273.19 | $1,416.03 | ||||||||||||||||||||||||||||||||||||||||||||||
SCG | SCANA Corp | $1,039.00 | $1,093.00 | ||||||||||||||||||||||||||||||||||||||||||||||
SLB | Schlumberger Ltd | $10,608.00 | $10,229.00 | ||||||||||||||||||||||||||||||||||||||||||||||
SCHW | Schwab(Charles)Corp | $1,245.00 | $1,233.00 | ||||||||||||||||||||||||||||||||||||||||||||||
SNI | Scripps Networks Interact | $566.19 | $503.74 | ||||||||||||||||||||||||||||||||||||||||||||||
STX | Seagate Technology Plc | $3,732.00 | $2,811.00 | ||||||||||||||||||||||||||||||||||||||||||||||
SEE | Sealed Air | $1,900.30 | $1,247.10 | -$6.41 | |||||||||||||||||||||||||||||||||||||||||||||
SRE | Sempra Energy | $2,576.00 | |||||||||||||||||||||||||||||||||||||||||||||||
SHW | Sherwin-Williams | $2,603.23 | $2,484.92 | ||||||||||||||||||||||||||||||||||||||||||||||
SIAL | Sigma-Aldrich | $639.00 | $626.00 | ||||||||||||||||||||||||||||||||||||||||||||||
SPG | Simon Property Group | $1,265.75 | $1,091.48 | ||||||||||||||||||||||||||||||||||||||||||||||
SLM | SLM Corp | $1,654.82 | |||||||||||||||||||||||||||||||||||||||||||||||
SJM | Smucker (J.M.) | $1,628.75 | $1,513.90 | ||||||||||||||||||||||||||||||||||||||||||||||
SNA | Snap-On Inc | $752.10 | $729.90 | ||||||||||||||||||||||||||||||||||||||||||||||
Southern Co | $5,049.00 | $5,428.00 | |||||||||||||||||||||||||||||||||||||||||||||||
LUV | Southwest Airlines | $4,309.00 | $4,312.00 | -$0.18 | |||||||||||||||||||||||||||||||||||||||||||||
SWN | Southwestern Energy | $685.85 | $767.25 | ||||||||||||||||||||||||||||||||||||||||||||||
Spectra Energy | $1,072.00 | $1,123.00 | |||||||||||||||||||||||||||||||||||||||||||||||
Sprint Nextel Corp | $8,763.00 | $8,333.00 | -$0.06 | ||||||||||||||||||||||||||||||||||||||||||||||
STJ | St. Jude Medical | $1,326.00 | $1,382.56 | ||||||||||||||||||||||||||||||||||||||||||||||
SWK | Stanley Black & Decker | $2,786.70 | $2,636.40 | ||||||||||||||||||||||||||||||||||||||||||||||
SPLS | Staples Inc | $6,353.14 | $6,569.93 | ||||||||||||||||||||||||||||||||||||||||||||||
SBUX | Starbucks Corp | $3,364.20 | $3,031.70 | ||||||||||||||||||||||||||||||||||||||||||||||
HOT | Starwood Hotels&Res World | $1,455.00 | $1,372.00 | ||||||||||||||||||||||||||||||||||||||||||||||
STT | State Street Corp | $2,467.00 | $2,577.00 | ||||||||||||||||||||||||||||||||||||||||||||||
SRCL | Stericycle Inc | $480.48 | $420.92 | ||||||||||||||||||||||||||||||||||||||||||||||
SYK | Stryker Corp | $2,052.00 | $2,031.30 | ||||||||||||||||||||||||||||||||||||||||||||||
SunTrust Banks | $3,987.00 | $2,441.00 | |||||||||||||||||||||||||||||||||||||||||||||||
SYMC | Symantec Corp | $1,699.00 | $1,681.00 | ||||||||||||||||||||||||||||||||||||||||||||||
SYY | Sysco Corp | $11,086.91 | $10,586.39 | ||||||||||||||||||||||||||||||||||||||||||||||
TROW | T.Rowe Price Group | $769.70 | $680.20 | ||||||||||||||||||||||||||||||||||||||||||||||
TGT | Target Corp | $16,929.00 | $16,402.00 | ||||||||||||||||||||||||||||||||||||||||||||||
TEL | TE Connectivity | $3,364.00 | $3,911.00 | ||||||||||||||||||||||||||||||||||||||||||||||
TECO Energy | $858.60 | $911.40 | |||||||||||||||||||||||||||||||||||||||||||||||
TDC | Teradata Corp | $605.00 | |||||||||||||||||||||||||||||||||||||||||||||||
Teradyne Inc | $463.39 | $344.39 | |||||||||||||||||||||||||||||||||||||||||||||||
TSO | Tesoro Corp | $8,636.00 | $8,004.00 | ||||||||||||||||||||||||||||||||||||||||||||||
TXN | Texas Instruments | $3,330.00 | $3,466.00 | ||||||||||||||||||||||||||||||||||||||||||||||
TXT | Textron, Inc | $3,000.00 | $2,814.00 | ||||||||||||||||||||||||||||||||||||||||||||||
TMO | Thermo Fisher Scientific | $3,085.70 | $2,973.50 | ||||||||||||||||||||||||||||||||||||||||||||||
TIF | Tiffany & Co | $852.74 | $821.77 | ||||||||||||||||||||||||||||||||||||||||||||||
TWX | Time Warner | $6,842.00 | $7,068.00 | ||||||||||||||||||||||||||||||||||||||||||||||
TWC | Time Warner Cable | $5,363.00 | $4,911.00 | ||||||||||||||||||||||||||||||||||||||||||||||
TIE | Titanium Metals | $257.70 | $262.50 | ||||||||||||||||||||||||||||||||||||||||||||||
TJX | TJX Companies | $6,410.91 | $5,793.13 | ||||||||||||||||||||||||||||||||||||||||||||||
TMK | Torchmark Corp | $877.10 | $837.24 | ||||||||||||||||||||||||||||||||||||||||||||||
TSS | Total System Svcs | $468.06 | $459.75 | ||||||||||||||||||||||||||||||||||||||||||||||
TRV | Travelers Cos | $6,512.00 | $6,407.00 | ||||||||||||||||||||||||||||||||||||||||||||||
TRIP | TripAdvisor Inc | $212.71 | $180.80 | ||||||||||||||||||||||||||||||||||||||||||||||
TSN | Tyson Foods’A’ | $8,373.00 | $8,404.00 | ||||||||||||||||||||||||||||||||||||||||||||||
USB | U.S. Bancorp | $5,623.00 | $5,371.00 | ||||||||||||||||||||||||||||||||||||||||||||||
U.S. Steel | $4,652.00 | $5,081.00 | |||||||||||||||||||||||||||||||||||||||||||||||
UNP | Union Pacific | $5,343.00 | $5,101.00 | ||||||||||||||||||||||||||||||||||||||||||||||
UPS | United Parcel’B’ | $13,071.00 | $13,166.00 | ||||||||||||||||||||||||||||||||||||||||||||||
UTX | United Technologies | $15,042.00 | $14,804.00 | ||||||||||||||||||||||||||||||||||||||||||||||
UNH | UnitedHealth Group | $27,302.00 | $25,280.00 | ||||||||||||||||||||||||||||||||||||||||||||||
UNM | Unum Group | $2,628.00 | $2,545.60 | ||||||||||||||||||||||||||||||||||||||||||||||
URBN | Urban Outfitters | $692.89 | $609.95 | ||||||||||||||||||||||||||||||||||||||||||||||
VLO | Valero Energy | $34,478.00 | $33,484.00 | ||||||||||||||||||||||||||||||||||||||||||||||
VAR | Varian Medical Systems | $756.16 | $718.92 | ||||||||||||||||||||||||||||||||||||||||||||||
VTR | Ventas Inc | $659.02 | $566.14 | ||||||||||||||||||||||||||||||||||||||||||||||
VRSN | VeriSign Inc | $223.53 | $196.97 | ||||||||||||||||||||||||||||||||||||||||||||||
Verizon Communications | $29,007.00 | $27,913.00 | |||||||||||||||||||||||||||||||||||||||||||||||
VFC | VF Corp | $3,148.35 | $2,750.07 | ||||||||||||||||||||||||||||||||||||||||||||||
VIAB | Viacom Inc’B’ | $3,363.00 | $4,053.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Visa Inc’A’ | $2,731.00 | $2,383.00 | |||||||||||||||||||||||||||||||||||||||||||||||
VNO | Vornado Realty Trust | $739.69 | $706.95 | ||||||||||||||||||||||||||||||||||||||||||||||
VMC | Vulcan Materials | $728.86 | $760.75 | ||||||||||||||||||||||||||||||||||||||||||||||
WM | Wal-Mart Stores | $113,929.00 | $110,226.00 | ||||||||||||||||||||||||||||||||||||||||||||||
$17,073.00 | $17,967.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
WPO | Washington Post’B’ | $1,011.33 | $1,032.64 | ||||||||||||||||||||||||||||||||||||||||||||||
Waste Management | $3,461.00 | $3,522.00 | |||||||||||||||||||||||||||||||||||||||||||||||
WAT | Waters Corp | $449.95 | $454.53 | ||||||||||||||||||||||||||||||||||||||||||||||
WPI | Watson Pharmaceuticals | $1,285.20 | $1,081.60 | ||||||||||||||||||||||||||||||||||||||||||||||
WLP | WellPoint Inc | $15,353.10 | $15,398.00 | ||||||||||||||||||||||||||||||||||||||||||||||
WFC | Wells Fargo | $22,476.00 | $21,264.00 | ||||||||||||||||||||||||||||||||||||||||||||||
WDC | Western Digital | $4,035.00 | $2,694.00 | ||||||||||||||||||||||||||||||||||||||||||||||
WU | Western Union | $1,421.60 | $1,410.80 | ||||||||||||||||||||||||||||||||||||||||||||||
Weyerhaeuser Co | $1,772.00 | $1,569.00 | |||||||||||||||||||||||||||||||||||||||||||||||
WHR | Whirlpool Corp | $4,495.00 | $4,625.00 | ||||||||||||||||||||||||||||||||||||||||||||||
WFM | Whole Foods Market | $2,910.33 | $2,353.83 | ||||||||||||||||||||||||||||||||||||||||||||||
WMB | Williams Cos | $1,752.00 | $2,703.00 | ||||||||||||||||||||||||||||||||||||||||||||||
WIN | Windstream Corp | $1,552.40 | $1,023.30 | ||||||||||||||||||||||||||||||||||||||||||||||
WEC | Wisconsin Energy Corp | $1,039.30 | $1,052.80 | ||||||||||||||||||||||||||||||||||||||||||||||
WPX | WPX Energy | $677.00 | -$0.33 | ||||||||||||||||||||||||||||||||||||||||||||||
WYN | Wyndham Worldwide | $1,265.00 | $1,212.00 | ||||||||||||||||||||||||||||||||||||||||||||||
WYNN | Wynn Resorts | $1,298.49 | $1,298.30 | ||||||||||||||||||||||||||||||||||||||||||||||
XEL | Xcel Energy | $2,724.34 | $2,831.60 | ||||||||||||||||||||||||||||||||||||||||||||||
XRX | Xerox Corp | $5,423.00 | $5,583.00 | ||||||||||||||||||||||||||||||||||||||||||||||
XL | Xilinx Inc | $543.93 | $555.21 | ||||||||||||||||||||||||||||||||||||||||||||||
XL Group Plc’A’ | $1,801.43 | $1,665.14 | |||||||||||||||||||||||||||||||||||||||||||||||
XYL | Xylem Inc | $931.00 | $939.00 | ||||||||||||||||||||||||||||||||||||||||||||||
YHOO | Yahoo Inc | $1,201.73 | $1,216.66 | ||||||||||||||||||||||||||||||||||||||||||||||
YUM | Yum Brands | $3,569.00 | $3,274.00 | ||||||||||||||||||||||||||||||||||||||||||||||
ZMH | Zimmer Holdings | $1,025.50 | $1,031.50 | ||||||||||||||||||||||||||||||||||||||||||||||
ZION | Zions Bancorp | $634.23 | $675.44 |
SALES
S&P 500 sales | ||||||||||||||||||||||||||||||
Data based on a combination of reported and estimated sales for Q4,’12 | ||||||||||||||||||||||||||||||
QUARTERL SALES PER SHARE | Dec-12 Est | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | ||||||||||||||||||||
ENERGY | $152.35 | $140.93 | $145.39 | $145.20 | $143.47 | $145.58 | $139.33 | $128.52 | $117.59 | $110.14 | ||||||||||||||||||||
MATERIALS | $48.52 | $48.38 | $50.73 | $50.26 | $46.48 | $50.09 | $53.50 | $49.88 | $45.42 | $44.61 | ||||||||||||||||||||
INDUSTRIALS | $69.17 | $68.18 | $68.89 | $66.16 | $68.05 | $66.59 | $64.87 | $60.50 | $63.91 | $61.13 | ||||||||||||||||||||
CONSUMER DISCRETIONARY | $88.93 | $79.10 | $78.22 | $76.24 | $82.93 | $74.69 | $74.61 | $70.26 | $74.54 | $67.67 | ||||||||||||||||||||
CONSUMER STAPLES | $91.64 | $87.11 | $84.24 | $85.43 | $88.41 | $85.25 | $84.13 | $79.44 | $81.59 | $74.01 | ||||||||||||||||||||
HEALTH CARE | $89.91 | $87.03 | $88.43 | $88.44 | $88.66 | $85.87 | $85.02 | $82.19 | $81.99 | $77.91 | ||||||||||||||||||||
FINANCIALS | $32.74 | $36.52 | $35.26 | $35.46 | $35.05 | $35.84 | $37.09 | $36.09 | $37.67 | $38.76 | ||||||||||||||||||||
INFORMATION TECHNOLOGY | $55.23 | $49.17 | $49.37 | $49.52 | $52.44 | $46.90 | $46.26 | $45.73 | $42.00 | |||||||||||||||||||||
TELECOMMUNICATION SERVICES | $29.91 | $29.14 | $28.95 | $28.77 | $28.23 | $27.32 | $27.14 | $26.96 | $27.16 | |||||||||||||||||||||
UTILITIES | $36.96 | $30.55 | $33.09 | $33.75 | $38.25 | $33.83 | $36.56 | $34.10 | $36.90 | |||||||||||||||||||||
$280.68 | ||||||||||||||||||||||||||||||
QUARTERLY OPERATING MARGINS | ||||||||||||||||||||||||||||||
7.41% | 7.19% | 8.40% | 7.93% | 7.00% | 9.69% | 9.32% | 8.41% | 7.74% | 7.62% | |||||||||||||||||||||
6.12% | 6.59% | 8.79% | 8.42% | 4.02% | 7.83% | 10.17% | 9.94% | 7.52% | 7.28% | |||||||||||||||||||||
8.05% | 8.43% | 8.96% | 8.28% | 7.97% | 8.17% | 8.54% | 7.54% | 8.19% | ||||||||||||||||||||||
7.02% | 7.24% | 6.78% | 6.44% | 6.73% | 6.93% | 7.21% | 6.65% | 6.54% | ||||||||||||||||||||||
6.30% | 6.58% | 6.51% | 5.92% | 6.29% | 6.46% | 6.41% | 6.19% | 6.77% | ||||||||||||||||||||||
9.00% | 9.11% | 9.07% | 9.44% | 8.35% | 8.97% | 9.73% | 9.37% | 8.72% | 9.54% | |||||||||||||||||||||
12.37% | 11.69% | 12.42% | 11.08% | 11.56% | 12.50% | 10.65% | 10.39% | 9.09% | 10.12% | |||||||||||||||||||||
17.36% | 14.03% | 16.49% | 16.70% | 17.66% | 15.61% | 16.62% | 16.28% | 17.28% | 15.95% | |||||||||||||||||||||
4.65% | 7.17% | 7.91% | 6.60% | 7.10% | 6.52% | 7.04% | 6.04% | 6.76% | ||||||||||||||||||||||
6.55% | 10.56% | 8.77% | 9.01% | 6.87% | 10.80% | 8.48% | 8.62% | 6.32% | 11.15% | |||||||||||||||||||||
9.02% | 8.92% | 9.49% | 8.70% | 9.51% | 8.99% | 8.68% | 8.95% | |||||||||||||||||||||||
OPERATING SALES CONTRIBUTION | ||||||||||||||||||||||||||||||
15.96% | 15.48% | 15.86% | 15.97% | 15.59% | 16.26% | 15.83% | 15.30% | 13.89% | 13.62% | |||||||||||||||||||||
3.76% | 3.90% | 3.94% | 3.91% | 3.55% | 3.88% | 4.00% | 3.53% | 3.78% | ||||||||||||||||||||||
10.82% | 11.19% | 11.81% | 11.37% | 11.48% | 11.52% | 11.38% | 11.05% | 11.54% | ||||||||||||||||||||||
13.81% | 12.63% | 12.59% | 12.33% | 13.23% | 12.28% | 12.54% | 12.58% | 13.34% | 12.68% | |||||||||||||||||||||
13.70% | 13.69% | 13.47% | 13.78% | 14.02% | 13.92% | 14.22% | 13.73% | |||||||||||||||||||||||
11.85% | 12.02% | 12.22% | 12.06% | 12.15% | 12.46% | 12.20% | ||||||||||||||||||||||||
11.74% | 13.59% | 1 | 3.08% | 13.11% | 12.39% | 13.02% | 13.61% | 13.64% | 14.80% | |||||||||||||||||||||
10.72% | 10.79% | 11.22% | 10.25% | 10.04% | 10.10% | 10.49% | 10.19% | |||||||||||||||||||||||
3.18% | 3.26% | 3.22% | 3.15% | 3.28% | 3.24% | 3.43% | ||||||||||||||||||||||||
3.63% | 3.30% | 3.29% | 3.38% | 3.80% | 3.51% | |||||||||||||||||||||||||
100.00% |
COMMENTARY AND LINKS
Howard Silverblatt, S&P Dow Jones Indices Senior Index Analyst | January 11, 2013 – January 18, 2013 | |||||
Currently 18 of 28 issues that reported earnings beat their expectations. However, the narratives have been negative. Earnings will start to pick up next, and a clearer picture should start to emerge about the first half of 2013. Earnings will begin on Tuesday with homebuilder Lenar (LEN) expected to show a significant earnings increase (165%), with investors keying in on their forward sales and evaluation. Pharmaceutical maker, Forest Laboratories (FRX), however, is expected to post a loss for the quarter, which was pre-warned. Wednesday will bring major backs, with bank of New York Mellon (BK) expected to show a 28% gain in earnings, as J PO Morgan (JPM) is expected to post a 34% gain, with Northern Trust (NTRS) expected to post a 12% gain and U.S. Bancorp (USB) expected to post a 17% gain. Investment banker Goldman Sachs Group (GS) is expected to post a 90% again, with online trading service issue eBay (EBAY) expected to show a 15% gain. Thursday will continue with Bank of America (BAC) expected to post a 27% gain in earnings, with Capital One Financial (COF) expected to post an 85% gain. Financial services and charge card issue, American Express (AXP), is expected to post a 5% gain, as semiconductor maker, Intel (INTC), is expected to post a 30% decline in earnings. Friday’s highlight will be conglomerate General Electric (GE), which is expected to post a 10% gain in overall earnings, but investors looking for the segment breakdown for indications in other companies. Friday will also bring earnings from bankers State Street (STT; expected to post a 9% gain) and SunTrust Banks (STI; expected to more than double its earnings). Oilfield services and electronics issue, Schlumberger (SLB), is expected to post a minor decline in earnings. Economic reports will start Tuesday with retail sales, expected to show a 0.2% gain for December, and a 0.1% gain ex-autos. The December PPI is expected to show a 0.1% (it declined 0.8% in November), with the year-over-year gain being 1.4%. The PPI ex-food and energy is expected to be up 0.2% and up 2.1% year-over-year. Wednesday will bring the weekly mortgage applications. The CPI is expected to be unchanged for the month, with the year-over-year gain being 1.8%. The CPI ex-food and energy is expected to be up 0.2% and 2.0% year-over-year. Thursday will bring the weekly new unemployment release. Housing starts are expected to have been slightly up in December, to 875,000 from the prior 861,000 value. Housing permits are expected to be flat at 900,000, with housing completions expected to be at 695,000. Friday will close the week with the Michigan Sentiment report, expected to be a tick up from November. | ||||||
————- ISSUES ——————– | ———– PERCENTAGE ——————– | |||||
64.29% | ||||||
S&P 500 Q3,’12 OPER EPS | ||||||
59.09% | 36.36% | 4.55% | ||||
103.33% | 38.71% | 41.94% | 19.35% | |||
96.72% | 59.32% | 28.81% | 11.86% | |||
96.30% | 67.95% | 20.51% | ||||
97.56% | 67.50% | 15.00% | 17.50% | |||
98.08% | 76.47% | 11.76% | ||||
65.43% | 22.22% | 12.35% | ||||
17.14% | 18.57% | |||||
96.88% | 58.06% | 35.48% | 6.45% | |||
493 | 98.60% | 63.29% | 23.73% | 12.98% | ||
S&P 500 Q2,’12 OPER EPS | ||||||
47.73% | 40.91% | 11.36% | ||||
53.33% | 26.67% | |||||
98.36% | 76.67% | 16.67% | ||||
62.96% | 27.16% | 9.88% | ||||
73.17% | 17.07% | 9.76% | ||||
73.08% | 15.38% | |||||
59.26% | 34.57% | 6.17% | ||||
68.57% | 15.71% | |||||
62.50% | ||||||
59.38% | 37.50% | 3.13% | ||||
99.80% | 64.53% | 24.65% | ||||
Disclaimer: Please note that the statistical data is based on publicly available information, most of which is available in S&P products such as Capital IQ, Compustat Research Insight and S&P Index Alert. Analysis and projections are my own, and may differ from others within the S&P/McGraw-Hill organization. Nothing presented is intended to, or should be interpreted as, a buy/sell/hold recommendation. My notes vary in topics, but are all market related. The intent is to quickly inform. The assumption is that you don’t need a basic education, editorial or sales pitch, just specific facts and maybe some observations. If the information does not suit your needs, please e-mail me and I will take you off the list. Unless otherwise noted all data is for public dissemination, and may not be used for commercial purposes. Finally, any incoming correspondence from you will be considered confidential unless you specify otherwise. |
$22.00 $23.00 $24.00 $25.00 $26.00 $27.00 $28.00 $29.00 $30.00 $31.00
S&P 500 Q4,’12 OPER EPS EST
$108.00 $110.00 $112.00 $114.00 $116.00 $118.00 $120.00
S&P 500 2013 OPER EPS EST
>Stock Data
2.0 .2
/13
7
.42
.8
5
8
4
9
93.1 5
.84
7
.95
6
5
/12
.9
4
.89
7
.03
1
4
87.81 95.37 5
4
2
92.83 93.78 92.82 93.28 .94
92.6 92.59 92.83 8
93.21 92.3 92.4 91.7 91.7 2
9
4
.5
2
1
89.6 87.16 5
3
3
87.31 86.73 86 1
3
8
.63
3
1
4
86.73 89.6 89.36 89.36 88.8 87.13 86.8 87.13 86.4 86.86 85.35 3
87.27 90 88.75 87.54 86.8 87.6 88.2 87.6 87.56 88.03 88.02 87.56 86.71 85.8 .09
84.3 7
1
83.8 .6
1
.64
82.2 80 1
.73
82.2 9
80.3 2
3
9
81.87 81.87 79 79.3 81 .88
77.7 77.8 78.36 74.53 79.21 82.1 80.93 82.13 5
86.18 87.14 87.57 94.6 1343.8 1
93.02 92.8 93.43 91.03 92.59 1289 90.7 92.82 93.94 95.52 96.2 92.82 92.94 93.8 93.5 4
90.7 90.95 88.98 89.5 92.4 92 92 91.9 91.8 90.46 90.78 88.79 87.44 89.57 88.5 88.04 88.1 88.04 3
86.67 86.3 4
87.01 87.34 86.4 6
85.3 1240.4 86.94 8
.76
84.4 84.9 86.2 86.5 85.3 85.3 84.8 83.98 84.22 85.07 90.9 7
89.47 88.55 89.14 1178.1 89.14 88.25 88.9 7
86.7 86.71 87.04 84.95 84.58 84.63 82.75 81.87 81 .33
.36
.63
.54
84.01 84.1 88.03 88 87.41 86.34 86.8 .66
86.17 82.3 81.22 .25
81.22 78.55 9
78.9 78.18 .61
78.14 .6
78.3 1064.88 76.1 78.34 80.7 82.54 84.68 84.68 85.97 84.24 88.67 87.97 87.44 86.05 85.7 85.27 83.9 83.76 85 83.94 83.49 1182.45 84.19 1178.1 84.28 81 80.93 81.61 1159.9 82.18 81.26 .61
6
81 .13
79.21 81.5 80.43 80.75 82.3 81.83 82.7 83.37 83.5 0.59 0.51 0.51 0.51 0.51 0.5 0.5 0.5 0.5 Sep 2
– – – – – – – – – – – – – – – – – – – – – – – 9,000 9,000 9,000 9,000 n Recurring
– – – – – – – – – 39,000 38,000 37,000 219,000 From Continuing Ops
– – – – – – – – – – – – – – – 4,283,000 4,085,000 3,193,000 terday
0.04 0.04 0.01 0.09 0.09 0.09 0.07 0.24 0.25 0.26 0.23 0.36 0.37 0.33 0.76 0.78 0.81 0.68 1.84 1.87 1.9 1.7 3.02 3.1 2.86 Min=&CouponMax=&MaturityMin=&MaturityMax=
Coupon Maturity Price Yield MEDIUM TERM NTS BOOK ENTRY
4.38 No – 3M CO 1.38 No Aa2 AA- – 0
MEDIUM TERM NTS B
– No Aa2 AA- – – 29 MINNESOTA MNG & MFG CO Yes Aa2 AA- – 350 5.7 Yes Aa2 AA- – MINNESOTA MNG & MFG CO – No – – – 100 – 747 MINNESOTA MNG & MFG CO – No Aa2 – – 97.5 – 56 – No Aa2 AA- – – 100 3M CO MEDIUM TERM NTS BOOK ENTRY 2.12 Yes – AA- – 100 – 62 is tied to the Consumer Price Index (CPI) . The principal increases with inflation and decreases with deflation. When the security matures, the U.S. Treasury pays the original or adjusted principal, whichever is greater. TIPS pay interest every six months. Figures after periods in bid and ask quotes represent 32nds; 101.26 means 101 26/32, or 101.8125% of 100% face value; 99.01 means 99 1/32, or 99.03125% of face value.
1092 1257 2 -1 1249 1.25 103.09 103.1 unch. 1091 2 -1 1225 -1 1209 0.5 -1 1.875 unch. 1187 2 -2 -1.595 -2 2.5 -2 1145 0.125 -2 -2 1114 1.625 -1 1102 unch. 1070 4 1075 1.875 5 1.375 5 1067 1.25 6 6 1055 0.625 6 0.125 7 0.125 108.01 8 2.375 7 1225 2 8 1163 2.375 9 1145 1.75 8 1102 9 1427 2.5 8 1075 8 1404 9 2.125 10 1068 2.125 12 0.75 108.06 10 0.435
2
Price
Date
^GSPC
MMM
1/11/13
1
4
7
5
9
6
8
1/
10
147
2.
12
96.89
1/9/13
1461.02
96.41
1/8/13
1457.15
95.5
1/7/13
1461.89
95.49
1/4/13
1466.47
95.37
1/3/13
1459.37
94.6
1/2/13
14
62
94.78
12/31/12
1426.19
92
1
2/28/12
1402.43
9
1.7
1
2/27/12
1418.1
92.6
12/26/12
1419.83
93.07
1
2/24/12
1426.66
9
3.1
1
2/21/12
1430.15
12/20/12
1443.69
94.13
12/19/12
1435.
81
9
3.02
12/18/12
1446.
79
93.8
1
2/17/12
143
0.36
93.03
1
2/14/12
1413.58
92.28
1
2/13/12
1419.45
9
2.5
12/12/12
1428.48
93.12
12/11/12
1427
93.68
1
2/10/12
1418.55
91.8
1
2/7/12
1418.07
91.51
1
2/6/12
1413.94
90
12/5/12
1409.28
90.7
12/4/12
1407.05
90.12
1
2/3/12
1409.46
90.3
1
1/30/12
1416.18
90.9
11/
29
1415.95
90.65
11/28/12
1409.93
90.93
1
1/27/12
1398.94
90.31
1
1/26/12
1406.29
9
0.09
1
1/23/12
1409.15
90.28
11/21/12
13
91.03
88
1
1/20/12
13
87.81
89.02
1
1/19/12
13
86
89.5
11/16/12
1359.88
88.5
11/15/12
1353.33
88.02
11/14/12
1355.49
87.31
1
1/13/12
13
74.53
89.08
1
1/12/12
13
80
89.18
1
1/9/12
1379.
85
88.8
11/8/12
1377.51
88.55
11/7/12
1394.53
89.38
1
1/6/12
1428.39
90.86
1
1/5/12
1417.26
89.6
11/2/12
1414.2
88.97
11/1/12
1427.59
89.25
10/31/12
1412.16
87.6
10/26/12
141
1.9
88.03
10/25/12
1412.97
10/24/12
1408.75
88.39
10/23/12
1413.11
88.73
10/22/12
1433.82
92.53
10/19/12
1433.19
92.94
10/18/12
1457.34
94.74
10/17/12
1460.91
94.81
10/16/12
1454.92
94.23
10/15/12
1440.13
92.79
10/12/12
1428.59
92.75
10/11/12
1432.84
92.83
10/10/12
1432.
56
93.28
10/9/12
1441.48
93.94
10/8/12
1455.88
10/5/12
1460.93
94.96
10/4/12
1461.4
94.43
10/3/12
1450.99
93.78
10/2/12
144
5.7
93.5
10/1/12
1444.49
93.29
9/28/12
1440.67
92.4
9/27/12
1447.15
92.82
9/26/12
1433.32
92.59
9/25/12
1441.59
9/24/12
1456.89
93.73
9/21/12
1460.15
93.21
9/20/12
146
0.26
93.58
9/19/12
1461.05
93.63
9/18/12
1459.32
93.43
9/17/12
1461.19
9/14/12
1465.77
93.98
9/13/12
1459.99
92.06
9/12/12
1436.56
9
0.81
9/11/12
1433.56
91.17
9/10/12
1429.08
90.67
9/7/12
1437.92
9/6/12
1432.12
9/5/12
1403.44
9
1.75
9/4/12
1404
91.68
8/31/12
1406.58
8/30/12
1399.48
91.76
8/29/12
1410.49
92.43
8/28/12
1409.3
92.3
8/27/12
1410.44
8/24/12
1411.13
8/23/12
1402.08
91.9
8/22/12
1413.49
92.68
8/21/12
1413.17
8/20/12
1418.13
93.89
8/17/12
1418.16
94.24
8/16/12
1415.51
93.74
8/15/12
1405.53
92.54
8/14/12
1403.93
8/13/12
1404.11
8/10/12
1405.87
92.29
8/9/12
1402.8
91.59
8/8/12
1402.22
91.63
8/7/12
1401.35
8/6/12
1394.23
91.41
8/3/12
1390.99
8/2/12
1365
90.08
8/1/12
1375.32
91.2
7/31/12
13
79.3
91.23
7/30/12
13
85.3
91.28
7/27/12
13
85.97
91.71
7/26/12
1360.02
9
0.5
7/25/12
1337.89
88.75
7/24/12
1338.31
88.2
7/23/12
1
350
89.36
7/20/12
1362.66
89.99
7/19/12
1376.51
90.83
7/18/12
1372.78
90.87
7/17/12
1363.67
88.98
7/16/12
1353.64
88.1
7/13/12
1356.78
87.59
7/12/12
1334.76
86.4
7/11/12
1341.45
87.85
7/10/12
1341.47
88.25
7/9/12
1352.46
88.96
7/6/12
1354.68
88.99
7/5/12
1367.58
89.57
7/3/12
1374.02
89.7
7/2/12
1365.51
89.28
6/29/12
1362.16
6/28/12
1329.04
87.16
6/27/12
1331.85
6/26/12
1319.99
86.18
6/25/12
1313.72
85.8
6/22/12
1335.02
86.8
6/21/12
1325.51
86.7
6/20/12
1355.69
87.54
6/19/12
1357.98
87.82
6/18/12
1344.78
6/15/12
1342.84
87.44
6/14/12
1329.1
86.86
6/13/12
1314.88
86.13
6/12/12
1324.18
6/11/12
1308.93
85.18
6/8/12
1325.66
6/7/12
1314.99
85.5
6/6/12
1315.13
84.63
6/5/12
1285.5
82.51
6/4/12
12
78.18
82.62
6/1/12
1278.04
82.85
5/31/12
131
0.33
84.4
5/30/12
1313.32
84.45
5/29/12
1332.42
85.7
5/25/12
1317.82
84.78
5/24/12
132
0.68
84.9
5/23/12
1318.86
84.8
5/22/12
1316
84.1
5/21/12
1315.99
84.46
5/18/12
1295.22
83.5
5/17/12
1304.86
84.3
5/16/12
1324.8
85.35
5/15/12
1330.66
85.78
5/14/12
1338.35
85.83
5/11/12
1353.39
5/10/12
1357.99
87.13
5/9/12
1354.58
87.27
5/8/12
1363.72
87.56
5/7/12
1369.58
88.01
5/4/12
1369.1
88.67
5/3/12
1391.57
89.39
5/2/12
1402.31
89.52
5/1/12
1405.82
4/30/12
1397.91
4/27/12
1403.36
4/26/12
1399.98
89.32
4/25/12
1390.69
4/24/12
1371.97
88.49
4/23/12
1366.94
4/20/12
1378.53
87.48
4/19/12
1376.92
4/18/12
1385.14
4/17/12
13
9
0.78
87.45
4/16/12
1369.57
4/13/12
1370.26
85.69
4/12/12
13
87.57
4/11/12
1368.71
4/10/12
1358.59
84.58
4/9/12
13
82.2
86.3
4/5/12
1398.08
4/4/12
1398.96
87.84
4/3/12
1413.38
88.79
4/2/12
1419.04
89.23
3/30/12
1408.47
89.21
3/29/12
1403.28
88.77
3/28/12
1405.54
88.45
3/27/12
1412.52
89.14
3/26/12
1416.51
89.12
3/23/12
1397.11
88.46
3/22/12
1392.78
88.57
3/21/12
1402.89
88.91
3/20/12
1405.52
89.35
3/19/12
1409.75
89.74
3/16/12
1404.17
89.56
3/15/12
1402.6
3/14/12
1394.28
88.87
3/13/12
1395.95
3/12/12
1371.09
3/9/12
1370.87
3/8/12
1365.91
86.71
3/7/12
1352.63
85.47
3/6/12
1343.36
84.95
3/5/12
1364.33
87.06
3/2/12
1369.63
87.52
3/1/12
1374.09
87.49
2/29/12
1365.68
2/28/12
1372.18
87.77
2/27/12
1367.59
88.07
2/24/12
1365.74
2/23/12
1363.46
87.9
2/22/12
1357.66
87.76
2/21/12
1362.21
2/17/12
1361.23
2/16/12
1358.04
87.65
2/15/12
1343.23
87.01
2/14/12 1350.5
87.99
2/13/12
1351.77
2/10/12
1342.64
87.14
2/9/12
1351.95
2/8/12
1349.96
87.97
2/7/12
1347.05
87.89
2/6/12
1344.33
2/3/12
1344.9
87.73
2/2/12
1325.54
87.43
2/1/12
1324.09
87.35
1/31/12
1312.41
1/30/12
1313.01
87.34
1/27/12
1316.33
87.46
1/26/12
1318.43
87.58
1/25/12
1326.06
86.48
1/24/12
1314.65
85.93
1/23/12 1316
85.61
1/20/12
1315.38
85.65
1/19/12
1314.5
1/18/12
1308.04
85.07
1/17/12
1293.67
84.23
1/13/12
1289
83.6
1/12/12
1295.5
84.28
1/11/12
1292.48
83.77
1/10/12
1292.08
1/9/12
12
80.7
83.8
1/6/12
12
77.8
83.37
1/5/12
1281.06
1/4/12
1277.3
84.18
1/3/12
1277.06
83.49
12/30/11
1257
81.73
12/29/11
1263.02
82.1
1
2/28/11
1249
81.15
12/27/11
1265.43
82.28
1
2/23/11
1265.33
1
2/22/11
1254
80.97
12/21/11
1243.72
12/20/11
1241.3
80.3
12/19/11
1205.35
77.82
1
2/16/11
1219.66
78.87
1
2/15/11
1215.75
78.86
1
2/14/11
1211.82
78.51
12/13/11
1225
79.41
12/12/11
1236.47
80.59
1
2/9/11
1255.19
1
2/8/11
1234.35
80.46
1
2/7/11
1261.01
82.3
12/6/11
1258.47
82.13
12/5/11
1257.08
80.93
1
2/2/11
1244.28
79.76
1
2/1/11
1244.58
11/30/11
1246.96
81.04
11/29/11
1195.19
77.24
1
1/28/11
1192.55
77.7
1
1/25/11
1158.67
76.1
11/23/11
1161.79
75.54
11/22/11
11
88.04
77.83
1
1/21/11
1192.98
78.3
1
1/18/11
1215.65
80.54
11/17/11
1216.13
80.43
11/16/11
1236.91
8
1.87
11/15/11
1257.81
1
1/14/11
1251.78
1
1/11/11
1263.85
82.29
1
1/10/11
1239.7
80.32
11/9/11
1229.1
11/8/11
1275.92
81.83
1
1/7/11
1261.12
79.69
1
1/4/11
1253.23
1
1/3/11
1261.15
79.64
11/2/11
1237.9
78.06
11/1/11
1218.28
76.53
10/31/11
1253.3
79.02
10/28/11
1285.09
10/27/11
1284.59
81.41
10/26/11
1242
77.02
10/25/11
1229.05
77.04
10/24/11
1254.19
82.18
10/21/11
1238.25
80.48
10/20/11
1215.39
78.68
10/19/11
1209
10/18/11
1225.38
78.36
10/17/11
1200.86
75.88
10/14/11
1224.58
78.89
10/13/11
1203.66
10/12/11
1207.25
10/11/11
1195.54
76.42
10/10/11
1194.89
76.72
10/7/11
1155.46
73.82
10/6/11
1164.97
74.65
10/5/11
1144.03
72.53
10/4/11
1123.95
72.01
10/3/11
1099.23
70.93
9/30/11
1131.42
71.79
9/29/11
1160.4
9/28/11
1151.06
73.6
9/27/11
1175.38
76.28
9/26/11
1162.95
75.19
9/23/11
1136.43
73.99
9/22/11
1129.56
72.9
9/21/11
1166.76
76.34
9/20/11
1202.09
79.21
9/19/11
1204.09
9/16/11
1216.01
80.53
9/15/11
1209.11
80.63
9/14/11
1188.68
79.44
9/13/11
1172.87
77.81
9/12/11
1162.27
78.22
9/9/11
1154.23
76.65
9/8/11
1185.9
79.26
9/7/11
1198.62
80.57
9/6/11
1165.24
78.08
9/2/11
1173.97
79.35
9/1/11
1204.42
81.61
8/31/11
1218.89
82.98
8/30/11
1212.92
82.07
8/29/11
1210.08
8/26/11
1176.8
8
0.01
8/25/11
1159.27
78.19
8/24/11
1177.6
80.29
8/23/11
1162.35
79.67
8/22/11
1123.82
76.95
8/19/11
1123.53
76.87
8/18/11
1140.65
77.42
8/17/11
1193.89
8/16/11
1192.76
8/15/11
1204.49
83.31
8/12/11
1178.81
82.54
8/11/11
1172.64
81.22
8/10/11
112
0.76
78.23
8/9/11
1172.53
82.69
8/8/11
1119.46
78.59
8/5/11
1199.38
82.7
8/4/11
120
0.07
82.23
8/3/11
1260.34
8/2/11
1254.05
85.27
8/1/11
12
86.94
86.77
7/29/11
1292.28
7/28/11
1300.67
7/27/11
1304.89
88.08
7/26/11
1331.94
89.93
7/25/11
1337.43
95.07
7/22/11
1345.02
95.38
7/21/11
1343.8
95.84
7/20/11
1325.84
94.25
7/19/11
1326.73
94.27
7/18/11
1305.44
7/15/11
1316.14
95.47
7/14/11
1308.87
94.98
7/13/11
1317.72
96.19
7/12/11
1313.64
95.88
7/11/11
1319.49
96.56
7/8/11
97.62
7/7/11
1353.22
97.97
7/6/11
1339.22
97.24
7/5/11
1337.88
96.14
7/1/11
1339.67
96.67
6/30/11
1320.64
94.85
6/29/11
1307.4
93.11
6/28/11
1296.67
6/27/11
1280.1
92.25
6/24/11
1268.45
90.89
6/23/11
1283.5
92.34
6/22/11
1287.14
6/21/11
12
95.52
6/20/11
1278.36
92.56
6/17/11
1271.5
91.78
6/16/11
1267.64
91.58
6/15/11
1265.42
6/14/11
1287.87
6/13/11
1271.83
91.3
6/10/11
1270.98
90.73
6/9/11
91.96
6/8/11
1279.56
90.91
6/7/11
1284.94
90.85
6/6/11
12
86.17
90.62
6/3/11
1300.16
6/2/11
1312.94
91.46
6/1/11
1314.55
91.44
5/31/11
1345.2
9
4.38
5/27/11
1331.1
93.47
5/26/11
1325.69
5/25/11
1320.47
92.69
5/24/11
1316.28
91.97
5/23/11
1317.37
92.49
5/20/11
1333.27
93.56
5/19/11
1343.6
94.71
5/18/11
1340.68
5/17/11
1328.98
93.86
5/16/11
1329.47
95.46
5/13/11
1337.77
96.01
5/12/11
1348.65
96.65
5/11/11
1342.08
5/10/11
1357.16
95.71
5/9/11
1346.29
95.99
5/6/11
1340.2
95.6
5/5/11
1335.1
94.92
5/4/11
1347.32
5/3/11
1356.62
96.83
5/2/11
1361.22
96.92
4/29/11
1363.61
97.21
4/28/11
1360.48
97.23
4/27/11
1355.66
96.47
4/26/11
1347.24
95.94
4/25/11
1335.25
94.12
4/21/11
1337.38
93.92
4/20/11
1330.36
93.76
4/19/11
1312.62
91.86
4/18/11
1305.14
91.45
4/15/11
1319.68
4/14/11
1314.52
4/13/11
1314.41
9
2.86
4/12/11
1314.16
92.37
4/11/11
1324.46
4/8/11
1328.17
93.22
4/7/11
1333.51
93.19
4/6/11
1335.54
93.82
4/5/11
1332.63
93.39
4/4/11
1332.87
93.64
4/1/11
1332.41
93.13
3/31/11
1325.83
3/30/11
1328.26
92.47
3/29/11
1319.44
92.84
3/28/11
1310.19
92.12
3/25/11
1313.8
92.27
3/24/11
1309.66
92.58
3/23/11
12
97.5
92.14
3/22/11
1293.77
3/21/11
1298.38
3/18/11
1279.21
3/17/11
1273.72
88.69
3/16/11
1256.88
87.55
3/15/11
1281.87
3/14/11
1296.39
91.02
3/11/11
1304.28
91.61
3/10/11
1295.11
90.01
3/9/11
1320.02
93.17
3/8/11
1321.82
93.75
3/7/11
1310.13
3/4/11
1321.15
92.19
3/3/11
1330.97
92.81
3/2/11
1308.44
91.32
3/1/11
1306.33
90.46
2/28/11
1327.22
92.23
2/25/11
1319.88
9
0.25
2/24/11
1306.1
90.03
2/23/11 1307.4
90.26
2/22/11
1315.44
2/18/11
1343.01
92.96
2/17/11
1340.43
92.73
2/16/11
1336.32
92.33
2/15/11
1328.01
2/14/11
1332.32
2/11/11
1329.15
2/10/11
1321.87
2/9/11
1320.88
2/8/11
1324.57
89.47
2/7/11
1319.05
2/4/11
1310.87
88.29
2/3/11
1307.1
87.95
2/2/11
1304.03
87.75
2/1/11
1307.59
87.79
1/31/11
1286.12
87.92
1/28/11
1276.34
1/27/11
1299.54
89.19
1/26/11
1296.63
1/25/11
1291.18
1/24/11
1290.84
90.32
1/21/11
1283.35
89.29
1/20/11
1280.26
1/19/11
1281.92
87.96
1/18/11
1295.02
88.14
1/14/11
1293.24
1/13/11
12
83.76
1/12/11
1285.96
88.66
1/11/11
1274.48
87.74
1/10/11
1269.75
87.15
1/7/11 1271.5
86.2
1/6/11
1273.85
86.14
1/5/11
1276.56
86.67
1/4/11
1270.2
1/3/11
1271.87
86.79
12/31/10
1257.64
12/30/10
1257.88
86.5
12/29/10
1259.78
86.76
12/28/10
1258.51
86.74
12/27/10
1257.54
1
2/23/10
1256.77
86.47
1
2/22/10
1258.84
86.72
12/21/10
1254.6
86.53
12/20/10
1247.08
1
2/17/10
1243.91
86.37
1
2/16/10
1242.87
12/15/10
1235.23
85.81
12/14/10
1241.59
85.84
12/13/10
1240.4
1
2/10/10
84.32
1
2/9/10
1233
84.11
1
2/8/10
1228.28
84.68
12/7/10
1223.75
84.19
12/6/10
1223.12
86.88
1
2/3/10
1224.71
1
2/2/10
1221.53
86.51
1
2/1/10
1206.07
86.05
11/30/10
118
0.55
83.9
1
1/29/10
1187
84.22
1
1/26/10
1189.4
11/24/10
1198.35
84.66
11/23/10
1180.73
83.59
1
1/22/10
1197.84
1
1/19/10
1199.73
85.01
11/18/10
1196.69
85.55
11/17/10
1178.59
83.95
11/16/10
11
78.34
84.24
1
1/15/10
1197.75
11/12/10
1199.21
86.24
11/11/10
1213.54
11/10/10
1218.71
86.25
11/9/10
1213.4
11/8/10
1223.25
85.86
11/5/10
1225.85
86.34
11/4/10
1221.06
87.04
11/3/10
1197.96
11/2/10
1193.57
11/1/10
1184.38
10/29/10
1183.26
10/28/10
1183.78
10/27/10
1182.45
9
0.37
10/26/10
1185.64
90.47
10/25/10
1185.62
10/22/10
1183.08
90.44
10/21/10
1180.26
90.55
10/20/10
1178.1
10/19/10
1165.9
10/18/10
1184.71
89.66
10/15/10
1176.19
10/14/10
1173.81
89.07
10/13/10
10/12/10
1169.77
88.15
10/11/10
1165.32
10/8/10
1165.15
89.16
10/7/10
1158.06
10/6/10
1159.9
89.89
10/5/10
116
0.75
88.86
10/4/10
1137.03
10/1/10
1146.24
87.62
9/30/10
1141.2
9/29/10
1144.73
87.17
9/28/10
1147.7
9/27/10
1142.16
86.19
9/24/10
1148.67
86.96
9/23/10
1124.83
85.53
9/22/10
1134.28
86.63
9/21/10
1139.78
86.55
9/20/10
1142.71
87.41
9/17/10
1125.59
86.07
9/16/10
1124.66
9/15/10
1125.07
9/14/10
1121.1
9/13/10
1121.9
84.86
9/10/10
1109.55
83.94
9/9/10
1104.18
82.96
9/8/10
1098.87
9/7/10
109
1.84
82.14
9/3/10
1104.51
83.48
9/2/10
1090.1
9/1/10
1080.29
81.01
8/31/10
1049.33
78.55
8/30/10
1048.92
79.65
8/27/10
1064.59
8/26/10
1047.22
79.78
8/25/10
1055
80.75
8/24/10
1051.87
80.45
8/23/10
1067
81.08
8/20/10
1071.69
80.66
8/19/10
1075
81.81
8/18/10
1094.16
83.61
8/17/10
1092
84.09
8/16/10
1079.38
83.43
8/13/10
1079.25
84.01
8/12/10
1083.61
8/11/10
1089.47
8/10/10
1121.06
87.11
8/9/10
1127.79
8/6/10
1121.64
87.29
8/5/10
1125.81
87.72
8/4/10
1127.24
8/3/10
1120.46
87.21
8/2/10
1125.86
7/30/10
1101.6
85.54
7/29/10
1101.53
7/28/10
1106.13
86.69
7/27/10
1113.84
7/26/10
1115.01
87.32
7/23/10
1102
7/22/10
1093.67
84.75
7/21/10
1069.59
7/20/10
1083.48
82.19
7/19/10
107
1.25
7/16/10
1064.88
80.95
7/15/10
1096.48
83.06
7/14/10
1095.17
83.05
7/13/10
1095.34
83.55
7/12/10
1078.75
82.26
7/9/10
1077.96
82.16
7/8/10
1070
7/7/10
1060.27
80.52
7/6/10
1028.06
78.14
7/2/10
1022.58
77.67
7/1/10
1027.37
6/30/10
1030.71
78.9
6/29/10
1041.24
78.49
6/28/10
1074.57
78.98
6/25/10
1076.76
6/24/10
1073.69
6/23/10
1092.04
80.12
6/22/10
1095.31
80.03
6/21/10
1113.2
81.47
6/18/10
1117.51
81.18
6/17/10
1116.04
81.03
6/16/10
1114
80.88
6/15/10
1115.23
79.77
6/14/10
1089.63
6/11/10
1091
6/10/10
1086.84
77.43
6/9/10
1055.69
74.79
6/8/10
1062
74.92
6/7/10
1050.47
74.74
6/4/10
6/3/10
1102.83
6/2/10
1098.38
78.74
6/1/10
1070.71
78.07
5/28/10
1089.41
79.31
5/27/10
1103.06
81.43
5/26/10
1067.95
79.17
5/25/10
1074.03
79.47
5/24/10
1073.65
79.59
5/21/10
1087.69
5/20/10
1071.59
79.58
5/19/10
1115.05
5/18/10
1120.8
84.02
5/17/10
1136.94
5/14/10
1135.68
5/13/10
1157.44
85.59
5/12/10
1171.67
86.44
5/11/10
1155.79
85.04
5/10/10
1159.73
5/7/10
1110.88
82.63
5/6/10
1128.15
5/5/10
1165.87
86.59
5/4/10
1173.6
87.68
5/3/10
1202.26
89.81
4/30/10
1186.69
4/29/10
1206.78
89.33
4/28/10
1191.36
88.24
4/27/10
1183.71
4/26/10
1212.05
4/23/10
1217.28
86.58
4/22/10
1208.67
4/21/10
1205.94
4/20/10
1207.17
4/19/10
1197.52
4/16/10
1192.13
4/15/10
1211.67
4/14/10
1210.65
84.39
4/13/10
1197.3
4/12/10
1196.48
83.28
4/9/10
1194.37
4/8/10
1186.44
82.95
4/7/10
83.66
4/6/10
1189.44
84.35
4/5/10
1187.44
4/1/10
83.85
3/31/10
1169.43
83.57
3/30/10
1173.27
3/29/10
1173.22
81.36
3/26/10
1166.59
3/25/10
1165.73
3/24/10
1167.72
3/23/10
1174.17
82.35
3/22/10
1165.81
81.84
3/19/10
81.96
3/18/10
1165.83
83.67
3/17/10
1166.21
3/16/10
1159.46
81.66
3/15/10
115
0.51
81.26
3/12/10
1149.99
8
1.38
3/11/10
115
0.24
3/10/10
1145
81.5
3/9/10
1140.45
81.99
3/8/10
1138.5
81.31
3/5/10
1138.7
82.44
3/4/10
1122.97
81.02
3/3/10
1118.79
3/2/10
1118.31
81.13
3/1/10
1115.71
80.58
2/26/10
1104.49
80.15
2/25/10
1102.94
79.74
2/24/10
1105.24
80.07
2/23/10
1094.6
79.71
2/22/10
1
108.01
80.68
2/19/10
1109.17
81.52
2/18/10
1106.75
81.11
2/17/10
1099.51
80.14
2/16/10
1094.87
80.47
2/12/10
1075.51
79.18
2/11/10
1078.47
80.27
2/10/10
1068
78.62
2/9/10
1070.52
78.72
2/8/10
1056.74
77.53
2/5/10
1066.19
78.54
2/4/10
1063.11
2/3/10
1097.28
2/2/10
1103.32
2/1/10
1089.19
80.44
1/29/10
1073.87
80.49
1/28/10
1084.53
1/27/10
1097.5
1/26/10
1092.17
81.63
1/25/10
1096.78
1/22/10
1091.76
81.48
1/21/10
1116.48
1/20/10
1138.04
84.72
1/19/10
115
0.23
85.12
1/15/10
1136.03
1/14/10
1148.46
Dividend Data
Date
Dividends
11/20/12
8/22/12 0.59
5/16/12 0.59
2/15/12 0.59
11/22/11 0.55
8/17/11 0.55
5/18/11 0.55
2/16/11 0.55
11/17/10
0.525
8/18/10 0.525
5/19/10 0.525
2/17/10 0.525
11/18/09
8/19/09
5/20/09
2/18/09
11/19/08
8/20/08
5/21/08
2/20/08
Balance Sheet
MMM Balance Sheet
Period Ending
29
–
-1
29-Jun-12
30-Mar-12
30-Dec-11
Assets
Current Assets
Cash And Cash Equivalents
3,02
9,000
3,308,000
2,332,000
2,
219,000
Short Term Investments
1,989,000
1,595,000
1,399,000
1,461,000
Net Receivables
4,409,000
4,364,000
4,323,000
3,867,000
Inventory
3,842,000
3,656,000
3,561,000
3,416,000
Other Current Assets
1,225,000
1,165,000
1,2
38,000
1,277,000
Total Current Assets
14,494,000
14,088,000
12,853,000
12,240,000
Long Term Investments
1,542,000
1,183,000
923,000
1,051,000
Property Plant and Equipment
7,9
39,000
7,706,000
7,755,000
7,666,000
Goodwill
7,216,000
7,069,000
7,090,000
7,047,000
Intangible Assets
1,847,000
1,842,000
1,865,000
1,916,000
Accumulated Amortization
–
Other Assets
1,441,000
1,451,000
1,529,000
1,696,000
Deferred Long Term Asset Charges
Total Assets
34,479,000
33,339,000
32,015,000
31,616,000
Liabilities
Current Liabilities
Accounts Payable
2,790,000
2,825,000
2,675,000
2,674,000
Short/Current
Long Term Debt
1,506,000
650,000
664,000
682,000
Other Current Liabilities
2,299,000
2,232,000
2,069,000
2,085,000
Total Current Liabilities
6,595,000
5,707,000
5,408,000
5,441,000
Long Term Debt
4,852,000
5,657,000
4,510,000
4,484,000
Other Liabilities
4,891,000
5,102,000
5,478,000
5,829,000
Deferred Long Term Liability Charges
Minority Interest
497,000
467,000
4
37,000
442,000
Negative Goodwill
Total Liabilities
16,835,000
16,933,000
15,833,000
16,196,000
Stockholders’ Equity
Misc Stocks Options Warrants
Redeemable
Preferred Stock
Preferred Stock – – – –
Common Stock
Retained Earnings
30,150,000
29,465,000
28,858,000
28,348,000
Treasury Stock
-11,965,000
-12,010,000
-11,794,000
-11,679,000
Capital Surplus
3,998,000
3,954,000
3,894,000
3,767,000
Other Stockholder Equity
-4,548,000
-5,012,000
-4,785,000
-5,025,000
Total Stockholder Equity
17,644,000
16,406,000
16,182,000
15,420,000
Net Tangible Assets
8,581,000
7,495,000
7,227,000
6,457,000
Income Statements
Period Ending
31-Dec-11
31-Dec-10
31-Dec-09
Total Revenue
29,611,000
26,662,000
23,123,000
Cost of Revenue
15,693,000
13,831,000
12,109,000
Gross Profit
13,918,000
12,831,000
11,014,000
Operating Expenses
Research Development
1,570,000
1,434,000
1,293,000
Selling General and Administrative
6,170,000
5,479,000
4,907,000
No
Others
Total Operating Expenses
Operating Income or Loss
6,178,000
5,918,000
4,814,000
Income from Continuing Operations
Total Other Income/Expenses Net
Earnings Before Interest And Taxes
6,217,000
5,956,000
4,851,000
Interest Expense
186,000
201,000
Income Before Tax
6,031,000
5,755,000
4,632,000
Income Tax Expense
1,674,000
1,592,000
1,388,000
Minority Interest
-74,000
-78,000
-51,000
Net Income
4,283,000
4,085,000
3,193,000
Non-recurring Events
Discontinued Operations
Extraordinary Items
Effect Of Accounting Changes
Other Items
Net Income 4,283,000 4,085,000 3,193,000
Preferred Stock And Other Adjustments
Net Income Applicable To Common Shares
Bond Data
http://finance.yahoo.com/bonds
US Treasury Bonds 1/14/2013
Maturity
Yield
Yes
Last Week
Last Month
3 Month
0.04
6 Month
2 Year
3 Year
0.38
5 Year
10 Year
30 Year
3.04
http://cxa.gtm.idmanagedsolutions.com/finra/BondCenter/QuickScreener.aspx?ShowResult=true&BondType=Corporate&Symbol=MMM&YieldMin=&YieldMax=&
Coupon
Ratings
Last Sale
Include in
Watchlist
Bond Symbol
Issuer Name
Callable
Moody’s
S&P
Fitch
Par outstanding (millions)
MMM.GR
3M CO
8/15/13
Aa2
AA-
102.267
0.441
849
MMM.GT
9/29/16
102.213
0.767
100
MMM.GD
MINNESOTA MNG & MFG CO
9/30/27
98.75
MMM.GB
6.38
2/15/28
146.25
2.639
MMM.GP
3M CO MEDIUM TERM NTS BOOK ENTRY
3/15/37
135.201
3.523
747
MMM.GA
5/22/37
MMM.GC
12/21/40
MMM.GH
MINNESOTA MNG & MFG CO MEDIUM TERM NTS B
12/21/41
99.75
MMM.GN
12/15/44
http://www.moodys.com/credit-ratings/3M-Company-credit-rating-496500
Long Term Rating
Aa2, Not on Watch
ST Issuer Level Rating
P-1, Not on Watch
Outlook
Stable
TIPS data
Friday, January 11, 2013
Treasury Inflation-Protected Securities, or TIPS, are securities whose
principal
Maturity Coupon
Bid
Asked
Chg
Yield*
Accrued
principal
2013 Apr 15
0.625
100.01
100.02
unch.
0.435
2013 Jul 15
1.875
101.23
101.24
-2
-1.558
2014 Jan 15
103.09
103.1
-1.266
2014 Apr 15
-1.356
2014 Jul 15
105.22
105.23
-1.74
2015 Jan 15
1.625
106.18
106.19
-1.595
2015 Apr 15
104.2
104.21
-1.532
1065
2015 Jul 15
109.11
109.12
-1.772
2016 Jan 15
111.02
111.03
1163
2016 Apr 15
0.125
105.16
105.18
-1.537
1046
2016 Jul 15
115.04
115.06
-1.689
1143
2017 Jan 15
2.375
116.08
116.1
-3
-1.562
2017 Apr 15
107.06
107.08
-1.52
1016
2017 Jul 15
2.625
119.29
119.31
-1.633
2018 Jan 15
115.32
116.02
-1.461
2018 Jul 15
1.375
116.15
116.18
-1.499
2019 Jan 15
2.125
121.15
121.18
-1.316
2019 Jul 15
121.21
121.24
-1.318
1081
2020 Jan 15
118.12
118.16
-1.154
2020 Jul 15
118.14
118.18
-1.115
1058
2021 Jan 15
1.125
117.03
117.07
-0.942
2021 Jul 15
113.09
113.14
-0.891
1024
2022 Jan 15
108.04
108.08
-0.76
1020
2022 Jul 15
108.06
-0.707
1004
2025 Jan 15
134.04
134.1
-0.411
2026 Jan 15
130.09
130.16
-0.298
2027 Jan 15
136.26
137.02
-0.228
2028 Jan 15
128.14
128.22
-0.141
2028 Apr 15
3.625
157.09
157.18
-0.115
2029 Jan 15
141.09
141.18
-0.08
2029 Apr 15
3.875
164.11
164.21
-0.078
2032 Apr 15
3.375
163.05
163.17
0.057
1301
2040 Feb 15
144.32
145.15
0.362
2041 Feb 15
146.02
146.18
0.377
1054
2042 Feb 15
108.19
1021