Stock Market Briefing: S&P 500 Sectors & Industries Forward P/Es 2009-now

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Stock Market Briefing: S&P 00 Sectors & Industries Forward P/Es 09-now October, Dr. Edward Yardeni -972-763 eyardeni@ Joe Abbott 732-497-6 jabbott@ Mali Quintana 40-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box

Table Of Contents Table Of Contents S&P 00 Sector Forward P/Es 1-2 Consumer Discretionary Forward P/Es 3-4 Consumer Staples Forward P/Es Energy Forward P/Es 6 Financials Forward P/Es 7 Health Care Forward P/Es Industrials Forward P/Es 9 Information Technology Forward P/Es Materials Forward P/Es 11 Telecommunication Services & Utilities Forward P/Es October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

Figure 1. S&P 00 FORWARD P/E RATIOS* S&P 00 Sector Forward P/Es 3 S&P 00 Index (.6) Consumer Discretionary (17.) Consumer Staples (19.3) Financials (.2) Health Care (.) Industrials (.4) Information Technology (.) Materials (.4) Real Estate (3.4) Telecommunications (13.2) Utilities (17.0) 3 / 09 11 13 17 Figure 2. S&P 00 FORWARD P/E RATIOS* S&P 00 Index (.6) Consumer Staples (19.3) Health Care (.) Telcommunications (13.2) Utilities (17.0) / 09 11 13 17 Page 1 / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

Figure 3. S&P 00 FORWARD P/E RATIOS* S&P 00 Sector Forward P/Es 3 Consumer Discretionary (17.) Financials (.2) Industrials (.4) Information Technology Materials (.4) Real Estate (3.4) 3 / 09 11 13 17 60 Figure 4. S&P 00 FORWARD P/E RATIO* 60 0 0 4 4 3 / 3 Energy (3.) 09 11 13 17 Page 2 / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

3 Figure. Consumer Discretionary Forward P/Es S&P 00 FORWARD P/E RATIOS* CONSUMER DISCRETIONARY 3 Consumer Discretionary Sector (17.) Advertising (.9) Auto Parts & Equipment (.) Automobile Manufacturers (7.0) Publishing (29.0) / 09 11 13 17 P/E capped at 7 and 3 for all industries. Figure 6. S&P FORWARD P/E RATIOS:* CONSUMER DISCRETIONARY Consumer Discretionary Sector (17.) Hotels, Resorts & Cruise Lines (13.0) Movies & Entertainment (13.) Restaurants (21.1) / 09 11 13 17 P/E capped at for all industries. Page 3 / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

3 Figure 7. Consumer Discretionary Forward P/Es S&P FORWARD P/E RATIOS:* CONSUMER DISCRETIONARY 3 Consumer Discretionary Sector (17.) Apparel, Accessories, & Luxury Goods (.3) Apparel Retail (.3) Footwear (.6) Leisure Products (.0) / 09 11 13 17 3 Figure. S&P 00 FORWARD P/E RATIOS:* CONSUMER DISCRETIONARY 3 Consumer Discretionary Sector (17.) Computer & Electronics Retailers (.) Household Appliances (.0) Homebuilding (.4) Home Improvement Retailers (17.2) / 09 11 13 17 P/E capped at and for all industries. Page 4 / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

Figure 9. Consumer Staples Forward P/Es S&P 00 FORWARD P/E RATIOS:* CONSUMER STAPLES Consumer Staples Sector (19.3) Household Products (21.6) Packaged Foods (19.7) Personal Products (.) / 09 11 13 17 2 Figure. S&P 00 FORWARD P/E RATIOS:* CONSUMER STAPLES 2 26 26 Consumer Staples Sector (19.3) Brewers (.1) Drug Retail (.1) Soft Drinks (21.2) Tobacco (19.1) / 09 11 13 17 Page / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

Energy Forward P/Es 60 Figure 11. S&P 00 FORWARD P/E RATIOS:* ENERGY 60 0 0 4 4 3 Energy Sector (3.) Integrated Oil & Gas (.) Oil & Gas Refining & Marketing (13.3) / 3 09 11 13 17 P/E capped at. for all industries. 0 Figure. S&P 00 FORWARD P/E RATIOS:* ENERGY 0 4 4 Energy Sector (3.) 3 Oil & Gas Drilling (NA) Oil & Gas Equipment & Services (4.0) Oil & Gas Exploration & Production (4.0) Oil & Gas Storage & Transportation (29.6) / 3 09 11 13 17 P/E capped at and 4 for all industries. Page 6 / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

Financials Forward P/Es Figure 13. S&P 00 FORWARD P/E RATIOS:* FINANCIALS Financials Sector (.2) Asset Management & Custody Banks (.9) Consumer Finance (9.7) Diversified Banks (.9) Investment Banking & Brokerage (.3) Regional Banks (.) / 6 11 13 17 6 P/E capped at for all industries. Figure. S&P 00 FORWARD P/E RATIOS:* FINANCIALS / 0 Financials Sector (.2) Insurance Brokers (.4) Life & Health Insurance (9.0) Multi-Line Insurance (11.7) Property & Casualty Insurance (.9) 09 11 13 17 0 Page 7 / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

Figure. S&P 00 FORWARD P/E RATIOS:* HEALTH CARE Health Care Forward P/Es Health Care (.) Biotechnology (11.6) Health Care Distributors (13.2) Health Care Equipment (.) Managed Health Care (.3) Pharmaceuticals (.7) / 09 11 13 17 Page / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

Figure. S&P 00 FORWARD P/E RATIOS:* INDUSTRIALS Industrials Forward P/Es Industrials Sector (.4) Construction Machinery & Heavy Trucks (19.) Industrial Conglomerates (17.7) Industrial Machinery (17.) / 09 11 13 17 Figure 17. S&P 00 FORWARD P/E RATIOS:* INDUSTRIALS Industrials Sector (.4) Aerospace & Defense (.3) Electrical Components & Equipment (17.) Environmental & Facilities Services (19.) / 09 11 13 17 * Price divided by -month forward consensus expected operating earnings per share using mid-month data. Page 9 / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

0 4 3 Information Technology Forward P/Es Figure. S&P 00 FORWARD P/E RATIOS:* INFORMATION TECHNOLOGY Information Technology Sector (.) Application Software (33.9) Data Processing & Outsourcing (21.) Internet Software & Services (23.0) IT Consulting & Other Services (13.0) Systems Software (17.) 0 4 3 / 09 11 13 17 P/E capped at 7 and 0 for all industries. 26 Figure 19. S&P 00 FORWARD P/E RATIOS:* INFORMATION TECHNOLOGY 26 Information Technology Sector (.) Communications Equipment (.6) Semiconductor Equipment (13.0) Semiconductors (.0) Technology Hardware, Storage & Peripherals (.) / 6 09 11 13 17 6 P/E capped at 7 and 4 for all industries. Page / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

4 3 Figure. S&P 00 FORWARD P/E RATIOS:* MATERIALS Materials Sector (.4) Aluminum (19.0) Copper (.) Gold (.7) Steel (.1) Materials Forward P/Es 4 3 / 0 09 11 13 17 0 P/E capped at and for all industries. 26 Figure 21. S&P 00 FORWARD P/E RATIOS:* MATERIALS Materials Sector (.4) Diversified Chemicals (.2) Industrial Gases (.3) Specialty Chemicals (19.2) 26 / 09 11 13 17 Page 11 / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

Telecommunication Services & Utilities Forward P/Es Figure. S&P 00 FORWARD P/E RATIOS:* TELECOMMUNICATION SERVICES 3 3 Telecommunication Services Sector (13.2) Alternative Carriers (23.) Integrated Telecommunication Services (13.0) / 09 11 13 17 Figure 23. S&P 00 FORWARD P/E RATIOS:* UTILITIES Utilities Sector (17.0) Electric Utilities (.4) Multi-Utilities (.2) / 09 11 13 17 Page / October, / S&P 00 Sectors & Industries Forward P/Es 09-now www.

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