S&P 0 Industry Briefing: Industrials Blue Angels September 25, 2017 Dr. Ed Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents Industrials: Blue Angels 3-11 September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
810 685 560 435 Figure 1. S&P 0 INDUSTRIALS INDEX, FORWARD EARNINGS, & VALUATION Industrials Index Daily: Weekly: x14 810 685 560 435 310 310 x8 185 185 60 60 1100 9 Figure 2. S&P 0 AEROSPACE & DEFENSE INDEX, FORWARD EARNINGS, & VALUATION 1100 9 800 6 0 Aerospace & Defense Index x14 800 6 0 x8 3 3 200 200 Page 3 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
9 825 6 525 Figure 3. S&P 0 AIR FREIGHT & LOGISTICS INDEX, FORWARD EARNINGS, & VALUATION Air Freight & Logisitics Index 9 825 6 525 3 3 225 225 1205 905 605 305 Figure 4. S&P 0 AIRLINES INDEX, FORWARD EARNINGS, & VALUATION Airlines Index x25 1205 905 605 305 x5 5 5 Page 4 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
760 635 510 385 Figure 5. S&P 0 BUILDING PRODUCTS INDEX, FORWARD EARNINGS, & VALUATION x30 760 635 510 385 260 260 135 135 Building Products Index 10 10 740 640 Figure 6. S&P 0 CONSTRUCTION & ENGINEERING INDEX, FORWARD EARNINGS, & VALUATION 740 640 540 540 440 340 Construction & Engineering Index x30 440 340 240 240 140 140 40 40 Page 5 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
15 12 Figure 7. S&P 0 CONSTRUCTION MACHINERY & HEAVY TRUCKS INDEX, FORWARD EARNINGS, & VALUATION 15 12 9 6 Construction Machinery & Heavy Trucks Index x14 9 6 3 x8 3 485 410 335 260 185 Figure 8. S&P 0 DIVERSIFIED SUPPORT SERVICES INDEX, FORWARD EARNINGS, & VALUATION Diversified Support Services Index x30 485 410 335 260 185 110 110 35 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 35 Page 6 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
10 8 6 Figure 9. Industrials: Blue Angels S&P 0 ELECTRICAL COMPONENTS & EQUIPMENT INDEX, FORWARD EARNINGS, & VALUATION Electrical Components & Equipment Index 10 8 6 4 4 2 2 240 200 160 Figure 10. S&P 0 ENVIRONMENTAL & FACILITIES SERVICES INDEX, FORWARD EARNINGS, & VALUATION x22 Environmental & Facilities Services Index x16 240 200 160 120 120 80 80 40 40 Page 7 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
460 385 310 235 Figure 11. S&P 0 HUMAN RESOURCE & EMPLOYMENT SERVICES INDEX FORWARD EARNINGS, & VALUATION Human Resource & Employment Services Index x30 460 385 310 235 160 160 85 85 10 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 10 10 8 6 Figure 12. S&P 0 INDUSTRIAL CONGLOMERATES INDEX, FORWARD EARNINGS, & VALUATION Industrial Conglomerates Index x25 10 8 6 4 4 2 2 Page 8 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
1270 1070 870 Figure 13. S&P 0 INDUSTRIAL MACHINERY INDEX, FORWARD EARNINGS, & VALUATION Industrial Machinery Index 1270 1070 870 670 670 470 470 270 270 70 70 6 5 4 3 Figure 14. S&P 0 OFFICE SERVICES & SUPPLIES INDEX, FORWARD EARNINGS, & VALUATION Office Services & Supplies Index 02/28/17 02/23/17 6 5 4 3 2 2 x14 1 1 x8 Page 9 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
18 15 12 9 Figure 15. S&P 0 RAILROADS INDEX, FORWARD EARNINGS, & VALUATION Railroads Index x14 18 15 12 9 6 x8 6 3 3 225 200 1 1 125 Figure 16. S&P 0 RESEARCH & CONSULTING SERVICES INDEX, FORWARD EARNINGS, & VALUATION Research & Consulting Services Index 225 200 1 1 125 100 100 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Page 10 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
6 Figure 17. Industrials: Blue Angels S&P 0 TRADING COMPANIES & DISTRIBUTORS INDEX, FORWARD EARNINGS, & VALUATION x25 6 5 Trading Companies & Distributors Index 5 425 425 300 300 1 1 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 330 270 210 Figure 18. S&P 0 TRUCKING INDEX, FORWARD EARNINGS, & VALUATION Trucking Index 330 270 210 1 1 90 90 30 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 30 Page 11 / September 25, 2017 / S&P 0 Industry Briefing: Industrials Blue Angels www.
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