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  • Epip Book 1

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    Ryan Barnes
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    This document compares operating earnings and price-to-earnings ratios for various sectors in the S&P 500 for 2008 and estimates for 2009. It also shows the market capitalization and weighting of each sector as of June 27th. Finally, it notes Epiphany Investing's secular sector weightings and highlights that they are underweight in consumers, financials, and healthcare but overweight in materials.

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    This document compares operating earnings and price-to-earnings ratios for various sectors in the S&P 500 for 2008 and estimates for 2009. It also shows the market capitalization and weighting of each sector as of June 27th. Finally, it notes Epiphany Investing's secular sector weightings and highlights that they are underweight in consumers, financials, and healthcare but overweight in materials.

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    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    12 views2 pages

    Epip Book 1

    Uploaded by

    Ryan Barnes
    This document compares operating earnings and price-to-earnings ratios for various sectors in the S&P 500 for 2008 and estimates for 2009. It also shows the market capitalization and weighting of each sector as of June 27th. Finally, it notes Epiphany Investing's secular sector weightings and highlights that they are underweight in consumers, financials, and healthcare but overweight in materials.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    of 2

    Operating Earnings The Past The Future

    (Source: Standard & Poor's) 2008A % Chg 08 P*/E 2009E


    S&P 500 49.51 -40.0% 18.24 55.61
    S&P 500 Consumer Disc. 5.27 -60.4% 32.12 7.51
    S&P 500 Consumer Staples 17.18 10.0% 14.36 17.39
    S&P 500 Energy 50.92 10.0% 7.59 17.14
    S&P 500 Financials (21.24) NM NM 7.19
    S&P 500 Health Care 24.48 5.0% 12.64 26.54
    S&P 500 Industrials 21.18 -0.5% 9.78 14.24
    S&P 500 Information Technology 16.13 -7.1% 14.37 14.81
    S&P 500 Materials 8.10 -49.3% 17.00 4.71
    S&P 500 Telecom Services 8.22 -0.6% 13.59 8.40
    S&P 500 Utilities 12.25 5.0% 12.08 11.94

    Mkt Cap (as of 6/27) Weighting Secular Trends Port. Weighting


    S&P 500 8,037,600
    S&P 500 Consumer Disc. 716,976 8.92%
    S&P 500 Consumer Staples 964,918 12.01% 9.80% **a
    S&P 500 Energy 994,356 12.37% 9%
    S&P 500 Financials 1,091,355 13.58% 10.40%
    S&P 500 Health Care 1,127,430 14.03% 11%
    S&P 500 Industrials 796,214 9.91% 7.40%
    S&P 500 Information Technology 1,474,749 18.35% 21%
    S&P 500 Materials 261,179 3.25% 9.70%
    S&P 500 Telecom Services 282,776 3.52% 4%
    S&P 500 Utilities 327,448 4.07% 3.50%

    **a - Epiphany Investing uses a combined reference for Consumer stocks


    The Future
    % Chg 09 P*/E
    12.3% 16.09
    42.4% 23.40
    1.2% 13.51
    -66.3% 21.43
    NM 21.55
    8.4% 11.20
    -32.7% 13.10
    -8.2% 18.81
    -41.8% 32.11
    2.3% 12.29
    -2.5% 11.58

    Highlights/Notes

    We are very Underweight consumer


    Underweight - Target for +
    Modestly Underweight financials
    Underweight HC - TARGET for ++

    Pointedly Overweight on Materials

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