SN SN1000 000 Rep eport ort Month nthly R Repor eport t on - - PDF document

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Index Ticker: SN1000 Contacts: S-Network Global Indexes benchmarks@snetworkinc.com

SN SN1000 000 Rep eport

• rt

Month nthly R Repor eport t on

• n th

the e US S Equity Equity L Larg arge/Mi e/Mid-Cap Cap 10 1000 00 Octob ctober 20 er 2019 19

In Index F ex Fun undament entals ls In Index P ex Perfor rformanc nce

Total Return Price Appreciation 1 Month 2.16% YTD 23.01% 1 Year 13.87% 3 Year 51.64% 5 Year 65.81% Inception 229.52% Compound Annual Growth Rate 1 Year 13.87% 3 Year 14.89% 5 Year 10.64% Since Inception 6.18% *Returns under 1 year are not annualized Source: S-Network as of 10/31/2019 SN1000 Sector Performance (09/30/19 – 10/31/19) Communication Services 2.72% Consumer Discretionary 0.70% Consumer Staples

• 0.29%

Energy

• 2.21%

Financials 1.93% Health Care 4.68% Industrials 1.04% Information Technology 3.52% Materials 0.52% Real Estate

• 0.54%

Utilities

• 0.92%

Leading Movers

Company Name Ticker Opening Closing Change ROKU INC ROKU US 101.76 147.20 44.65% ALIGN TECHNOLOGY INC ALGN US 180.92 252.29 39.45% TIFFANY & CO TIF US 92.63 124.51 34.42% TESLA, INC TSLA US 240.87 314.92 30.74% RINGCENTRAL INC A RNG US 125.66 161.52 28.54%

Lagging Movers

Company Name Ticker Opening Closing Change GRUBHUB INC GRUB US 56.21 34.06

• 39.41%

MERIT MEDICAL SYSTEMS INC MMSI US 30.46 20.66

• 32.19%

PEABODY ENERGY CORP BTU US 14.72 10.53

• 28.46%

SERVICEMASTER GLOBAL HOLDINGS INC SERV US 55.90 40.38

• 27.76%

TWITTER INC TWTR US 41.20 29.97

• 27.26%

TTM Div. Yield

RIY 1000 1.86 SN1000 1.78

Forward Div. Yield

RIY 1000 1.88 SN1000 1.80

Forecast

RIY 1000 +1.07% SN1000 +1.16% Source: Bloomberg

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Alphabet Inc's revenues increased +20.0% for the quarter ended September 2019 to $40.50 billion from $33.74 billion a year earlier, while net income fell -23.1% to $7.07 billion from $9.19 billion. AT&T Inc's revenues decreased -2.5% for the quarter ended September 2019 to $44.59 billion from $45.74 billion a year earlier, while net income fell -23.2% to $3.70 billion from $4.82 billion. Verizon Communications Inc's revenues increased +0.9% for the quarter ended September 2019 to $32.89 billion from $32.61 billion a year earlier, while net income rose +5.5% to $5.19 billion from $4.92 billion. Comcast Corp's revenues increased +21.2% for the quarter ended September 2019 to $26.83 billion from $22.14 billion a year earlier, while net income rose +13.4% to $3.29 billion from $2.90 billion. Netflix Inc's revenues increased +31.0% for the quarter ended September 2019 to $5.24 billion from $4.00 billion a year earlier, while net income rose +65.1% to $665.2 million from $402.8 million. Charter Communications Inc's revenues increased +5.1% for the quarter ended September 2019 to $11.45 billion from $10.89 billion a year earlier, while net income fell -21.5% to $387.0 million from $493.0 million.

Communication Services:

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Com Company ny Reports

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Amazon.com Inc's net sales increased +23.7% for the quarter ended September 2019 to $69.98 billion from $56.58 billion a year earlier, while net income fell -26.0% to $2.13 billion from $2.88 billion. McDonald's Corp's revenues increased +1.1% for the quarter ended September 2019 to $5.43 billion from $5.37 billion a year earlier, while net income fell -1.8% to $1.61 billion from $1.64 billion.

Consumer Discretionary:

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Procter & Gamble Co's net sales increased +6.7% for the quarter ended September 2019 to $17.80 billion from $16.69 billion a year earlier, while net earnings rose +12.2% to $3.59 billion from $3.20 billion. The Coca-Cola Co's revenues increased +8.3% for the quarter ended September 2019 to $9.51 billion from $8.78 billion a year earlier, while net income rose +37.8% to $2.59 billion from $1.88 billion. PepsiCo Inc's revenues increased +4.2% for the quarter ended August 2019 to $17.19 billion from $16.49 billion a year earlier, while net income fell -16.0% to $2.10 billion from $2.50 billion. Costco Wholesale Corp's net sales increased +7.9% for the year ended August 2019 to $152.70 billion from $141.58 billion a year earlier, while net income rose +16.9% to $3.66 billion from $3.13 billion. Philip Morris International Inc's revenues increased +1.9% for the quarter ended September 2019 to $7.64 billion from $7.50 billion a year earlier, while net income fell -11.7% to $2.79 billion from $3.16 billion. Mondelez International Inc's revenues increased +1.1% for the quarter ended September 2019 to $6.36 billion from $6.29 billion a year earlier, while net earnings rose +19.3% to $1.42 billion from $1.19 billion.

Consumer Staples:

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ConocoPhillips's revenues decreased -0.8% for the quarter ended September 2019 to $10.09 billion from $10.17 billion a year earlier, while net income rose +64.5% to $3.06 billion from $1.86 billion.

Energy:

Continued on back

JPMorgan Chase & Co's revenues increased +8.1% for the quarter ended September 2019 to $30.06 billion from $27.82 billion a year earlier, while net income rose +8.4% to $9.08 billion from $8.38 billion. Bank of America Corp's revenues increased +0.4% for the quarter ended September 2019 to $22.80 billion from $22.70 billion a year earlier, while net income fell -19.4% to $5.80 billion from $7.20 billion. Wells Fargo & Co's net sales increased +0.9% for the quarter ended September 2019 to $16.50 billion from $16.36 billion a year earlier, while net income fell -25.9% to $4.04 billion from $5.45 billion. Citigroup Inc's revenues increased +1.0% for the quarter ended September 2019 to $18.57 billion from $18.39 billion a year earlier, while net income rose +6.3% to $4.91 billion from $4.62 billion.

Financials:

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Com Company ny Reports

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American Express Co's revenues increased +8.4% for the quarter ended September 2019 to $10.99 billion from $10.14 billion a year earlier, while net income rose +6.7% to $1.76 billion from $1.65 billion. US Bancorp's net sales increased +7.8% for the quarter ended September 2019 to $4.44 billion from $4.12 billion a year earlier, while net income rose +5.2% to $1.82 billion from $1.73 billion. CME Group Inc's revenues increased +42.2% for the quarter ended September 2019 to $1.28 billion from $0.90 billion a year earlier, while net income rose +54.5% to $636.3 million from $411.8 million. Chubb Corp's net sales increased +6.7% for the quarter ended September 2019 to $10.72 billion from $10.05 billion a year earlier, while net income fell -11.4% to $1.09 billion from $1.23 billion. Goldman Sachs Group Inc's revenues decreased -5.7% for the quarter ended September 2019 to $8.32 billion from $8.82 billion a year earlier, while net earnings fell -26.9% to $1.79 billion from $2.45 billion. PNC Financial Services Group Inc's revenues increased +3.0% for the quarter ended September 2019 to $4.49 billion from $4.36 billion a year earlier, while net income fell -0.8% to $1.31 billion from $1.32 billion. S&P Global Inc's revenues increased +9.0% for the quarter ended September 2019 to $1.69 billion from $1.55 billion a year earlier, while net income rose +24.6% to $617.0 million from $495.0 million. Johnson & Johnson's revenues increased +1.9% for the quarter ended September 2019 to $20.73 billion from $20.35 billion a year earlier, while net earnings rose +22.9% to $4.83 billion from $3.93 billion. Merck & Co Inc's net sales increased +14.9% for the quarter ended September 2019 to $12.40 billion from $10.79 billion a year earlier, while net income fell -2.6% to $1.90 billion from $1.95 billion. Unitedhealth Group Inc's revenues increased +6.7% for the quarter ended September 2019 to $60.40 billion from $56.60 billion a year earlier, while net earnings rose +8.7% to $5.00 billion from $4.60 billion. Pfizer Inc's revenues decreased -4.7% for the quarter ended September 2019 to $12.68 billion from $13.30 billion a year earlier, while net income rose +86.9% to $7.68 billion from $4.11 billion. Abbott Laboratories's net sales increased +5.5% for the quarter ended September 2019 to $8.08 billion from $7.66 billion a year earlier, while net earnings rose +70.5% to $960.0 million from $563.0 million. Thermo Fisher Scientific Inc's revenues increased +5.9% for the quarter ended September 2019 to $6.27 billion from $5.92 billion a year earlier, while net income rose +7.2% to $760.0 million from $709.0 million. Amgen Inc's revenues decreased -2.7% for the quarter ended September 2019 to $5.74 billion from $5.90 billion a year earlier, while net income rose +5.9% to $1.97 billion from $1.86 billion. Eli Lilly & Co's revenues increased +3.2% for the quarter ended September 2019 to $5.48 billion from $5.31 billion a year earlier, while net income rose +8.7% to $1.25 billion from $1.15 billion. Danaher Corp's net sales increased +3.9% for the quarter ended September 2019 to $5.04 billion from $4.85 billion a year earlier, while net earnings fell -2.3% to $648.4 million from $663.7 million. Gilead Sciences Inc reported a net loss of $1.17 billion for the quarter ended September 2019 compared to a net income of $2.10 billion a year earlier, while revenues remained flat at $5.60 billion. Stryker Corp's net sales increased +10.8% for the quarter ended September 2019 to $3.59 billion from $3.24 billion a year earlier, while net earnings fell -21.0% to $466.0 million from $590.0 million. Intuitive Surgical Inc's revenues increased +22.8% for the quarter ended September 2019 to $1.13 billion from $0.92 billion a year earlier, while net income rose +35.7% to $396.8 million from $292.5 million. Anthem Inc's revenues increased +14.7% for the quarter ended September 2019 to $26.67 billion from $23.25 billion a year earlier, while net income rose +22.9% to $1.18 billion from $0.96 billion. Boston Scientific Corp's net sales increased +13.4% for the quarter ended September 2019 to $2.71 billion from $2.39 billion a year earlier, while net income fell -70.8% to $126.0 million from $432.0 million.

Health Care:

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Com Company ny Reports

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Continued on back

Boeing Co's revenues decreased -20.6% for the quarter ended September 2019 to $19.98 billion from $25.15 billion a year earlier, while net earnings fell -50.4% to $1.17 billion from $2.36 billion. Honeywell International Inc's net sales decreased -15.5% for the quarter ended September 2019 to $9.09 billion from $10.76 billion a year earlier, while net income fell -30.8% to $1.62 billion from $2.34 billion. United Technologies Corp's net sales increased +18.1% for the quarter ended September 2019 to $19.50 billion from $16.51 billion a year earlier, while net income fell -7.3% to $1.15 billion from $1.24 billion. Union Pacific Corp's revenues decreased -6.9% for the quarter ended September 2019 to $5.52 billion from $5.93 billion a year earlier, while net income fell -1.9% to $1.56 billion from $1.59 billion. Lockheed Martin Corp's net sales increased +5.9% for the quarter ended September 2019 to $15.17 billion from $14.32 billion a year earlier, while net earnings rose +9.5% to $1.61 billion from $1.47 billion. 3M Co's net sales decreased -2.0% for the quarter ended September 2019 to $7.99 billion from $8.15 billion a year earlier, while net income rose +2.6% to $1.58 billion from $1.54 billion. United Parcel Service Inc's revenues increased +5.0% for the quarter ended September 2019 to $18.32 billion from $17.44 billion a year earlier, while net income rose +15.9% to $1.75 billion from $1.51 billion. General Electric Co reported a net loss of $9.47 billion for the quarter ended September 2019 compared to a net loss of $22.81 billion a year earlier, while revenues decreased -0.1% to $23.36 billion from $23.39 billion. Caterpillar Inc's revenues decreased -5.6% for the quarter ended September 2019 to $12.76 billion from $13.51 billion a year earlier, while net earnings fell -13.9% to $1.49 billion from $1.73 billion. Northrop Grumman Corp's revenues increased +4.8% for the quarter ended September 2019 to $8.48 billion from $8.09 billion a year earlier, while net earnings fell -25.0% to $0.93 billion from $1.24 billion.

Industrials:

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Microsoft Corp's revenues increased +13.7% for the quarter ended September 2019 to $33.06 billion from $29.08 billion a year earlier, while net income rose +21.1% to $10.68 billion from $8.82 billion. Apple Inc's net sales decreased -2.0% for the year ended September 2019 to $260.17 billion from $265.60 billion a year earlier, while net income fell -7.2% to $55.26 billion from $59.53 billion. Visa's revenues increased +11.5% for the year ended September 2019 to $22.98 billion from $20.61 billion a year earlier, while net income rose +17.3% to $12.08 billion from $10.30 billion. MasterCard Inc's revenues increased +14.6% for the quarter ended September 2019 to $4.47 billion from $3.90 billion a year earlier, while net income rose +11.1% to $2.11 billion from $1.90 billion. Intel Corp's revenues increased +0.2% for the quarter ended September 2019 to $19.19 billion from $19.16 billion a year earlier, while net income fell -6.4% to $5.99 billion from $6.40 billion. International Business Machines Corp's revenues decreased -3.9% for the quarter ended September 2019 to $18.03 billion from $18.76 billion a year earlier, while net income fell -37.9% to $1.67 billion from $2.69 billion. Texas Instruments Inc's revenues decreased -11.5% for the quarter ended September 2019 to $3.77 billion from $4.26 billion a year earlier, while net income fell -8.9% to $1.43 billion from $1.57 billion. PayPal Holdings Inc's revenues increased +19.0% for the quarter ended September 2019 to $4.38 billion from $3.68 billion a year earlier, while net income rose +6.0% to $462.0 million from $436.0 million. Automatic Data Processing Inc's revenues increased +5.7% for the quarter ended September 2019 to $3.50 billion from $3.31 billion a year earlier, while net earnings rose +15.2% to $582.4 million from $505.4 million.

Information Technology:

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NextEra Energy Inc's revenues increased +26.0% for the quarter ended September 2019 to $5.57 billion from $4.42 billion a year earlier, while net income fell -12.9% to $0.88 billion from $1.01 billion.

Utilities:

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Qui uick ck Li Links nks

Continued on back 1. 1. "Alphabet Reports Third Quarter 2019 Results" https://abc.xyz/investor/static/pdf/2019Q3_alphabet_earnings_release.pdf?cache=d41c776 (Accessed October 30, 2019). 2. 2. "AT&T Inc Reports Third-Quarter 2019 Results" https://investors.att.com/~/media/Files/A/ATT-IR/financial-reports/quarterly-earnings/2019/3q- 2019/3Q19_Trending%20Schedules.pdf (Accessed October 28, 2019). 3. 3. "Verizon Communications Reports Third-Quarter 2019 Results" https://www.verizon.com/about/file/38127/download?token=FxCcxBBC (Accessed October 28, 2019). 4. 4. "Comcast Reports 3rd Quarter 2019 Results" https://www.cmcsa.com/news-releases/news-release-details/comcast-reports-3rd-quarter-2019-results (Accessed October 25, 2019). 5. 5. "Netflix Reports Third Quarter 2019 Results" https://s22.q4cdn.com/959853165/files/doc_financials/quarterly_reports/2019/q3/Q3'19-Website-Financials- (Updated).xlsx (Accessed October 17, 2019). 6. 6. "Charter Reports Third Quarter 2019 Results" https://ir.charter.com/static-files/76cf320f-4610-448b-9768-c1a27f2d2c2e (Accessed October 28, 2019). 7. 7. "Amazon.com Reports Third-Quarter 2019 Results" https://ir.aboutamazon.com/static-files/d64e9d9c-5a2f-4505-9776-55f351fe4243 (Accessed October 25, 2019). 8. 8. "McDonald's Reports Third Quarter 2019 Results" https://mcdonaldscorporation.gcs-web.com/news-releases/news-release-details/mcdonalds-reports-third- quarter-2019-results (Accessed October 22, 2019). 9. 9. "P&G Reports Fiscal Year 2020 First Quarter Results" http://www.pginvestor.com/file/Index?KeyFile=400532339 (Accessed October 22, 2019). 10.

• 10. "The Coca-Cola Reports Third-Quarter 2019 Results" https://s22.q4cdn.com/984101753/files/doc_financials/2019/q3/Coca-Cola-3Q-2019-Earnings-

Release-FINAL_10.18.19.pdf (Accessed October 18, 2019). 11.

• 11. "PepsiCo Reports Third-Quarter 2019 Results" https://www.pepsico.com/docs/album/investors/q3-2019/q3-2019-earnings-release_t7s7ou4f4zkl3amo.pdf

(Accessed October 4, 2019). 12.

• 12. "Costco Wholesale Reports Fiscal Year 2019 Results" http://investor.costco.com/index.php/news-releases/news-release-details/costco-wholesale-corporation-

reports-fourth-quarter-and-11 (Accessed October 4, 2019). 13.

• 13. "Philip Morris International Reports Third-Quarter 2019 Results" https://philipmorrisinternational.gcs-web.com/static-files/a7cc7358-2c11-455e-9689-

2a12b3941429 (Accessed October 17, 2019). 14.

• 14. "Mondelez International Inc Reports Third Quarter 2019 Results" https://ir.mondelezinternational.com/news-releases/news-release-details/mondelez-

international-reports-q3-results-and-raises-full-year (Accessed October 30, 2019). 15.

• 15. "ConocoPhillips Reports Third Quarter 2019 Results" https://static.conocophillips.com/files/resources/3q19-supplemental-information.pdf (Accessed October

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• 16. "JPMorgan Chase Reports Third-Quarter 2019 Results" https://www.jpmorganchase.com/corporate/investor-relations/document/713c9e33-64d3-430d-

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• 17. "Bank of America Reports Third-Quarter 2019 Results" http://investor.bankofamerica.com/static-files/b9059dd6-5e68-43e0-b1c3-8fa33d2621d4 (Accessed

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• 18. "Wells Fargo Reports Third Quarter 2019 Results" https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/third-quarter-2019-

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• 19. "Citigroup Inc Reports Third-Quarter 2019 Results" https://www.citigroup.com/citi/investor/data/qer319.pdf?ieNocache=493 (Accessed October 16, 2019).

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• 22. "CME Group Inc. Reports Third-Quarter 2019 Results" http://investor.cmegroup.com/news-releases/news-release-details/cme-group-inc-reports-third-

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• 25. "PNC Reports Third Quarter 2019 Results" https://bit.ly/2pQfPjE (Accessed October 16, 2019).

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Global Inc Reports Third Quarter 2019 Results" http://investor.spglobal.com/Cache/1500124643.PDF? O=PDF&T=&Y=&D=&FID=1500124643&iid=4023623 (Accessed October 30, 2019). 27.

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• 32. "Thermo Fisher Scientific Reports Third Quarter 2019 Results" https://bit.ly/2qvCodK (Accessed October 23, 2019).

33.

• 33. "Amgen Reports Third Quarter 2019 Financial Results" http://investors.amgen.com/news-releases/news-release-details/amgen-reports-third-quarter-2019-

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• 34. "Lilly Reports Third-Quarter 2019 Financial Results" https://investor.lilly.com/static-files/3039632a-fb64-4803-b081-31689cbac13a (Accessed October 24,

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• 35. "Danaher Corp Reports Third-Quarter 2019 Results" http://investors.danaher.com/2019-10-24-Danaher-Reports-Third-Quarter-2019-Results (Accessed

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• 36. "Gilead Sciences Reports Third Quarter 2019 Results" http://investors.gilead.com/news-releases/news-release-details/gilead-sciences-announces-third-

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• 37. "Stryker Reports Third-Quarter 2019 Results" https://investors.stryker.com/press-releases/news-details/2019/Stryker-reports-third-quarter-2019-operating-

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• 38. "Intuitive Reports Third Quarter Results" https://investor.intuitivesurgical.com/news-releases/news-release-details/intuitive-announces-third-quarter-earnings

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• 48. "General Electric Reports Third Quarter 2019 Results" https://www.ge.com/investor-relations/sites/default/files/ge_webcast_pressrelease_10302019.pdf

(Accessed October 30, 2019). 49.

• 49. "Caterpillar Reports Third-Quarter 2019 Results" https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/3Q%202019%20Caterpillar%20Inc%

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(Accessed October 24, 2019). 51.

• 51. "Microsoft Corp Reports First Quarter Results" https://www.microsoft.com/en-us/Investor/earnings/FY-2020-Q1/press-release-webcast (Accessed October

24, 2019). 52.

• 52. "Apple Inc Reports Fiscal Full-Year 2019 Results" https://www.apple.com/newsroom/pdfs/Q4%20FY19%20Consolidated%20Financial%20Statements.pdf

(Accessed October 31, 2019). 53.

• 53. "Visa Inc. Reports Fiscal Full-Year 2019 Results" https://s1.q4cdn.com/050606653/files/doc_financials/2019/q4/Visa-Inc.-Q4-2019-Financial-Results.pdf

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• 54. "Mastercard Incorporated Reports Third-Quarter 2019 Results" https://s2.q4cdn.com/242125233/files/doc_financials/2019/q3/3Q'19-Earnings-Release.pdf

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• 55. "Intel Reports Third-Quarter 2019 Financial Results" https://s21.q4cdn.com/600692695/files/doc_financials/2019/Q3/Q3-2019-Earnings-Release.pdf

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• 56. "IBM Reports Third-Quarter 2019 Results" https://www.ibm.com/investor/att/pdf/IBM-3Q19-Earnings-Press-Release.pdf (Accessed October 17, 2019).

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shareholder (Accessed October 23, 2019). 58.

• 58. "PayPal Reports Third Quarter 2019 Results" https://investor.paypal-corp.com/news-releases/news-release-details/paypal-reports-third-quarter-2019-results

(Accessed October 24, 2019). 59.

• 59. "ADP Reports First Quarter Fiscal 2020 Results" https://s23.q4cdn.com/483669984/files/doc_financials/quarterly/2020/ADP-1Q20-Earnings-Release.pdf

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• 60. "NextEra Energy reports third-quarter 2019 financial results" https://bit.ly/34CczqZ (Accessed October 23, 2019).

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