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Great Graphic: US Corporate Earnings Concentration

This Great Graphic was on Barry Ritholtz's Big Picture blog.  It originally was from Morgan Stanley's Adam Parker.   It notes that nearly 90% of this year's earnings growth of the S&P 500 companies can be traced to 2% or 10 companies. 

There seems to be two industries represented and Big Oil is not one of them.  It is finance with 6 of the top 10, but if you allow the inclusion of GE (due to GE Finance), finance accounts for 70%.  Technology is the other industry, led by Apple, IBM and Western Digital.  

It is even more concentrated than the chart suggests.  Four companies--three financial services (AIG, Goldman and Bank of America) and one technology firm (Apple) provided over half of the earnings growth of the S&P 500.  

Great Graphic: US Corporate Earnings Concentration Great Graphic:  US Corporate Earnings Concentration Reviewed by Marc Chandler on December 02, 2012 Rating: 5
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