SN500 SN 00 Index ex Month nthly R Repor eport t on on th - - PDF document

Index Ticker: SN500 Contacts: S-Network Global Indexes benchmarks@snetworkinc.com

In Index P ex Perfor rformanc nce

Total Return Price Appreciation 1 Month 2.28% YTD 23.21% 1 Year 14.27% 3 Year 52.57% 5 Year 67.82% Inception 213.85% Compound Annual Growth Rate 1 Year 14.27% 3 Year 15.12% 5 Year 10.91% Since Inception 5.92% *Returns under 1 year are not annualized Source: S-Network as of 10/31/2019 SN500 Sector Performance (09/30/19 – 10/31/19) Communication Services 2.79% Consumer Discretionary 0.80% Consumer Staples

• 0.31%

Energy

• 2.23%

Financials 2.10% Health Care 5.02% Industrials 0.70% Information Technology 3.70% Materials 0.56% Real Estate 1.02% Utilities

• 0.84%

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 TWITTER INC TWTR US 41.20 29.97

• 27.26%

WAYFAIR INC A W US 112.12 82.23

• 26.66%

HASBRO INC HAS US 118.69 97.31

• 18.01%

TD AMERITRADE HOLDING CORP AMTD US 46.70 38.38

• 17.82%

EDISON INTL EIX US 75.42 62.90

• 16.60%

SN SN500 00 Index ex

Month nthly R Repor eport t on

• n th

the e S-Netw etwork

• rk US

US Equity Equity L Large arge C Cap 50 p 500 Octob ctober 20 er 2019 19

In Index F ex Fun undament entals ls

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Forward Div. Yield

S&P 500 1.94 SN500 1.85

Forecast

S&P 500 +2.28% SN500 +1.40% Source: Bloomberg

TTM Div. Yield

S&P 500 1.90 SN500 1.82

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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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. 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.

Financials:

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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.

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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.

Health Care:

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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.

Industrials:

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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.

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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

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

92f3-91e5c7c0651f.pdf (Accessed October 15, 2019). 16.

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

October 16, 2019). 17.

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

earnings.pdf (Accessed October 16, 2019). 18.

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

19.

• 19. "American Express Reports Third-Quarter Results" https://ir.americanexpress.com/file/Index?KeyFile=400446551 (Accessed October 18, 2019).

20.

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2019). 21.

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

quarter-2019-financial-results (Accessed October 30, 2019). 22.

• 22. "Chubb Reports Third Quarter Results" http://s1.q4cdn.com/677769242/files/doc_financials/2019/q3/3rd-Quarter-2019-Earnings-Press-Release.pdf

(Accessed October 30, 2019). 23.

• 23. "Goldman Sachs Group Reports Third-Quarter 2019 Results" https://www.goldmansachs.com/investor-relations/financials/current/8k/8k-10-15-19.pdf

(Accessed October 16, 2019). 24.

• 24. "Johnson & Johnson Reports Third-Quarter 2019 Results" http://www.investor.jnj.com/johnson-johnson-reports-2019-third-quarter-results (Accessed October

15, 2019). 25.

• 25. "Merck Reports Third-Quarter 2019 Financial Results" https://investors.merck.com/news/press-release-details/2019/Merck-Announces-Third-Quarter-2019-

Financial-Results/default.aspx (Accessed October 30, 2019). 26.

• 26. "Unitedhealth Group Reports Third-Quarter 2019 Results" https://www.unitedhealthgroup.com/content/dam/UHG/PDF/investors/2019/UNH-Q3-2019-

Release.pdf (Accessed October 15, 2019). 27.

• 27. "Pfizer Inc Reports Third-Quarter Results" https://s21.q4cdn.com/317678438/files/doc_financials/2019/q3/Q3-2019-PFE-Earnings-Press-Release-FINAL.pdf

(Accessed October 30, 2019). 28.

• 28. "Abbott Laboratories Reports Third-Quarter 2019 Results" https://abbott.mediaroom.com/2019-10-16-Abbott-Reports-Third-Quarter-2019-Results (Accessed

October 16, 2019). 29.

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

30.

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

financial-results (Accessed October 30, 2019). 31.

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

2019).

Quick Links (cont’d)

32.

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

October 25, 2019). 33.

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

quarter-2019-financial-results (Accessed October 28, 2019). 34.

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

results/default.aspx (Accessed October 30, 2019). 35.

• 35. "Boeing Reports Third-Quarter Results" https://s2.q4cdn.com/661678649/files/doc_financials/quarterly/2019/q3/3Q19-Press-Release.pdf (Accessed

October 23, 2019). 36.

• 36. "Honeywell International Inc Reports Third-Quarter 2019 Results" http://investor.honeywell.com/file/Index?KeyFile=400415249 (Accessed October 17,

2019). 37.

• 37. "United Technologies Reports Third Quarter 2019 Results" https://www.utc.com/en/news/news-center/2019/10/22/united-technologies-reports-third-quarter
• 2019-results-raises-2019-adjusted-eps (Accessed October 23, 2019).

38.

• 38. "Union

Pacific Reports Third Quarter Results" https://www.up.com/cs/groups/public/@uprr/@investor/documents/investordocuments / pdf_3q19_er_press_release.pdf (Accessed October 17, 2019). 39.

• 39. "Lockheed Martin Reports Third Quarter 2019 Results" https://investors.lockheedmartin.com/static-files/e969e21c-0090-4510-871c-163cd5e6b49a

(Accessed October 22, 2019). 40.

• 40. "3M Reports Third-Quarter 2019 Results" https://s2.q4cdn.com/974527301/files/doc_financials/2019/q3/Q3-2019-Earnings-Press-Release.pdf (Accessed

October 25, 2019). 41.

• 41. "UPS Reports Third Quarter 2019 Results" http://www.investors.ups.com/news-releases/news-release-details/ups-releases-3q-2019-earnings (Accessed

October 22, 2019). 42.

• 42. "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). 43.

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

20Earnings%20Release%20-%20Final.pdf (Accessed October 24, 2019). 44.

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

24, 2019). 45.

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

(Accessed October 31, 2019). 46.

• 46. "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

(Accessed October 28, 2019). 47.

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

(Accessed October 30, 2019). 48.

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

(Accessed October 25, 2019). 49.

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

50.

• 50. "TI reports third quarter 2019 financial results" https://investor.ti.com/news-releases/news-release-details/ti-reports-third-quarter-2019-financial-results-and-

shareholder (Accessed October 23, 2019). 51.

• 51. "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). 52.

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

(Accessed October 30, 2019). 53.

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