Stock Market Indicators: S&P 500/400/600 Sectors Market Cap & Earnings Shares November 21, 16 Dr. Ed Yardeni 516-972-7683 eyardeni@yardeni.com Joe Abbott 732-497-5306 jabbott@yardeni.com Please visit our sites at blog.yardeni.com thinking outside the box
Table Of Contents Table Of Contents S&P 500 Sectors Market Cap & Earnings Shares 1 S&P 400 Sectors Market Cap & Earnings Shares 2 S&P 600 Sectors Market Cap & Earnings Shares 3 S&P 500/400/600 Sectors Market Cap Shares 4 5-37 November 21, 16 / S&P 500/400/600 Sectors Market Cap & Earnings Shares
Figure 1. S&P 500 Sectors Market Cap & Earnings Shares CONSUMER DISCRETIONARY (percent) INDUSTRIALS 25 5 0 5 25 5 0 30 0 Capitalization Share (12.3) Earnings Share* (11.5) 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 CONSUMER STAPLES (9.4) (8.4) 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 ENERGY 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 FINANCIALS (7.3) (3.8) (14.4) (18.0) 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 (.4) (9.9) 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 5 INFORMATION TECHNOLOGY (21.0) (21.6) 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 5 MATERIALS (2.8) (2.9) 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 0 TELECOMMUNICATIONS SERVICES (2.4) (3.2) 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 0 40 35 30 25 12 8 6 4 2 12 8 6 4 2 5 HEALTH CARE (14.2) (16.3) 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 UTILITIES 5 yardeni.com 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 17 19 21 0 * Using consensus 12-month forward earnings forecasts. May 03 swings attributable mostly to index composition changes. Source: Thomson Reuters I/B/E/S. (3.1) (3.2) Page 1 / November 21, 16 / S&P 500/400/600 Sectors Market Cap & Earnings Shares
28 23 18 Figure 2. S&P 400 Sectors Market Cap & Earnings Shares CONSUMER DISCRETIONARY (percent) Capitalization Share (11.3) Earnings Share* (14.3) INDUSTRIALS 22 19 16 13 8 (.1) (.4) 13 6 5 4 CONSUMER STAPLES INFORMATION TECHNOLOGY 24 22 18 3 2 1 (4.3) (4.2) (18.0) (19.4) 16 14 12 16 14 12 8 6 4 2 0-2 ENERGY (3.7) (-0.8) MATERIALS (7.4) (7.7) 12 8 6 4 2 30 FINANCIALS TELECOMMUNICATIONS SERVICES 2 25 1 (16.2) (19.6) (0.2) (0.1) 0-1 16 14 12 HEALTH CARE (7.6) (7.9) UTILITIES (5.3) (5.5) 12 8 8 6 yardeni.com 6 4 Source: Thomson Reuters I/B/E/S. Page 2 / November 21, 16 / S&P 500/400/600 Sectors Market Cap & Earnings Shares
28 23 18 13 Figure 3. S&P 600 Sectors Market Cap & Earnings Shares CONSUMER DISCRETIONARY (percent) Capitalization Share (14.5) Earnings Share* (17.8) INDUSTRIALS (18.5) (18.9) 24 22 18 16 8 14 6 5 CONSUMER STAPLES INFORMATION TECHNOLOGY 25 22 4 3 2 (2.5) (3.0) (16.4) (17.3) 19 16 13 5 0 ENERGY (3.2) (-1.2) MATERIALS (6.1) (6.8) 8 6 4-5 2 35 30 25 FINANCIALS TELECOMMUNICATIONS SERVICES 2 1 (18.0) (21.3) (1.0) (0.6) 0-1 18 16 14 12 HEALTH CARE (11.7) (9.2) UTILITIES (2.6) (2.6) 8 7 6 5 4 8 6 yardeni.com 3 2 Source: Thomson Reuters I/B/E/S. Page 3 / November 21, 16 / S&P 500/400/600 Sectors Market Cap & Earnings Shares
30 25 5 0 Figure 4. S&P 500/400/600 Sectors Market Cap Shares CONSUMER DISCRETIONARY (S&P capitalization share by sector, percent) S&P 500 LargeCap (12.3) S&P 400 MidCap (11.3) S&P 600 SmallCap (14.5) INDUSTRIALS (.4) (.1) (18.5) 24 16 12 8 5 CONSUMER STAPLES (9.4) (4.3) (2.5) INFORMATION TECHNOLOGY (21.0) (18.0) (16.4) 24 16 0 12 5 0 ENERGY (7.3) (3.7) (3.2) MATERIALS (2.8) (7.4) (6.1) 12 8 6 4 2 30 25 5 FINANCIALS (14.4) (16.2) (18.0) TELECOMMUNICATION SERVICES (2.4) (0.2) (1.0) 5 4 3 2 1 0 18 16 14 12 8 6 HEALTH CARE (14.2) (7.6) (11.7) UTILITIES (3.1) (5.3) (2.6) yardeni.com 12 8 6 4 2 0 Source: Thomson Reuters I/B/E/S. Page 4 / November 21, 16 / S&P 500/400/600 Sectors Market Cap & Earnings Shares
30 25 5 0 Figure 5. CONSUMER DISCRETIONARY (S&P earnings share by sector, percent) S&P 500 LargeCap (11.5) S&P 400 MidCap (14.3) S&P 600 SmallCap (14.5) INDUSTRIALS (9.9) (.4) (18.5) 30 25 5 16 12 8 CONSUMER STAPLES (8.4) (4.2) (2.5) INFORMATION TECHNOLOGY (21.6) (19.4) (16.4) 30 25 4 0 25 5 0 ENERGY (3.8) (-0.8) (3.2) MATERIALS (2.9) (7.7) (6.1) 12 9 6 3-5 0 35 30 25 FINANCIALS (18.0) (19.6) (18.0) TELECOMMUNICATION SERVICES (3.2) (0.1) (1.0) 5 4 3 2 1 0-1 HEALTH CARE (16.3) (7.9) (11.7) UTILITIES (3.2) (5.5) (2.6) 8 6 5 yardeni.com 4 2 Source: Thomson Reuters I/B/E/S. Page 5 / November 21, 16 / S&P 500/400/600 Sectors Market Cap & Earnings Shares
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