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Holdings by Sector - Wells Fargo Advisors - wells fargo contractor list
Holdings by Sector
Global Securities Research, Wells Fargo Advisors
November 16, 2022
Equity Sector Analysts
Focus List
Lawrence Pfeffer, CFA Alex Sagal
Focus List overview
The Focus List is a concentrated list of stocks that represents a combination of the equity sector guidance from the Wells Fargo Investment Institute (WFII) and security selection from Global Securities Research. The objective is to exceed the total return of the S&P 500 Index over an approximate one-year timeframe.
Focus List holdings statistics
Company
Communication Services (average) Alphabet, Inc. Live Nation Entertainment, Inc. Consumer Discretionary The Home Depot, Inc. O'Reilly Automotive, Inc. Focus List Average1 S&P 500
Symbol
N/A GOOGL
LYV N/A HD ORLY N/A SP50
Price
N/A $98.44 $74.28 N/A $311.93 $825.12 N/A $3,992
Market Cap (billion)
$647.0 $1,276.9
$17.1 $185.6 $319.4
$51.8 $374.9 $67.1
Dividend per Share
N/A $0.00 $0.00 N/A $7.60 $0.00 N/A $60.22
Dividend Yield
0.0% 0.0% 0.0% 1.2% 2.4% 0.0% 1.4% 1.5%
Consensus NTM EPS Estimate
$4.97 $1.15
$16.87 $36.04 N/A $231
NTM P/E
30.3x 19.8x 64.6x 20.5x 18.5x 22.9x 25.8x 17.3x
Consensus EPS L-T Growth Estimate
8% 13% 4% 10% 10% 10% 12% 11%
Date Added to
List
N/A 3/5/20 11/19/21 N/A 5/7/12 3/29/22 6/25/20 N/A
Please see pages 5-7 of this report for Important Disclosures, Disclaimers and Analyst Certification
Investment and Insurance Products: NOT FDIC Insured NO Bank Guarantee MAY Lose Value
Holdings by Sector -- Focus List | November 16, 2022
Company
Symbol
Price
Market Cap (billion)
Dividend per Share
Dividend Yield
Consensus NTM EPS Estimate
NTM P/E
Consensus EPS L-T Growth Estimate
Date Added to
List
Consumer Staples Procter & Gamble Co. The Coca-Cola Co. Energy Chevron Corp. ConocoPhillips Financials Berkshire Hathaway, Inc. BlackRock, Inc. JPMorgan Chase & Co. Health Care Danaher Corp. Eli Lilly & Co. Humana, Inc. Intuitive Surgical, Inc. UnitedHealth Group, Inc. Zoetis, Inc. Industrials Canadian Pacific Railway Ltd. Parker-Hannifin Corp. Information Technology Apple, Inc. Accenture Plc ASML Holding NV Cisco Systems, Inc. Mastercard, Inc. Microsoft Corp. NVIDIA Corp. Paychex, Inc. Texas Instruments Incorporated Materials Linde Plc Utilities WEC Energy Group, Inc. Focus List Average1 S&P 500
N/A PG KO N/A CVX COP N/A BRK.B BLK JPM N/A DHR LLY HUM ISRG UNH ZTS N/A CP PH N/A AAPL ACN ASML CSCO MA MSFT NVDA PAYX TXN N/A LIN N/A WEC N/A SP50
N/A $140.49 $60.63
N/A $188.05 $134.09
N/A $309.98 $740.31 $132.94
N/A $270.33 $349.95 $512.90 $264.18 $503.01 $149.82
N/A $75.42 $311.06 N/A $150.04 $292.65 $597.47 $44.90 $343.51 $241.97 $166.66 $121.67 $177.57 N/A $332.56 N/A $93.26 N/A $3,992
$297.5 $332.9 $262.2 $167.1 $363.6 $167.1 $394.3 $681.7 $111.4 $389.9 $201.7 $196.8 $315.0 $64.9 $93.3 $470.3 $69.9 $56.1 $70.1 $42.1 $639.7 $2,392.2 $184.7 $240.5 $184.5 $330.8 $1,804.4 $414.8 $43.8 $161.6 $164.4 $164.4 $29.4 $29.4 $374.9 $67.1
N/A $3.65 $1.76 N/A $5.68 $2.04 N/A $0.00 $19.52 $4.00 N/A $1.00 $3.92 $3.15 $0.00 $6.60 $1.30 N/A $0.59 $5.32 N/A $0.92 $4.48 $5.64 $1.52 $1.96 $2.72 $0.16 $3.16 $4.96 N/A $4.68 N/A $2.91 N/A $60.22
2.8% 2.6% 2.9% 1.5% 3.0% 1.5% 1.9% 0.0% 2.6% 3.0% 0.7% 0.4% 1.1% 0.6% 0.0% 1.3% 0.9% 1.2% 0.8% 1.7% 1.5% 0.6% 1.5% 0.9% 3.4% 0.6% 1.1% 0.1% 2.6% 2.8% 1.4% 1.4% 3.1% 3.1% 1.4% 1.5%
$5.92 $2.46
$17.44 $13.06
$15.10 $31.72 $12.91
$10.03 $8.28 $26.72 $5.26 $24.19 $5.28
$3.37 $19.33
$6.19 $11.36 $18.53 $3.52 $11.51 $9.81 $3.37 $4.25 $7.81
$12.61
$4.36 N/A $231
24.2x 23.7x 24.7x 10.5x 10.8x 10.3x 15.9x 20.5x 23.3x 10.3x 27.8x 27.0x 42.3x 19.2x 50.3x 20.8x 28.4x 18.7x 22.4x 16.1x 24.8x 24.2x 25.8x 32.2x 12.8x 29.8x 24.7x 49.4x 28.6x 22.7x 26.4x 26.4x 21.4x 21.4x 25.8x 17.3x
5%
N/A
5%
5/9/22
5%
5/9/22
26%
N/A
22%
5/28/21
26%
5/9/22
1%
N/A
-
3/3/22
3%
3/31/20
-1%
4/30/19
22%
N/A
24%
2/6/18
21%
4/7/22
14%
3/31/20
11%
2/3/22
13%
4/7/22
10%
11/27/18
54%
N/A
10%
8/6/20
13%
2/22/21
12%
N/A
12%
11/19/21
12%
1/3/14
24%
7/16/20
8%
3/29/22
22%
4/31/2019
11%
10/4/17
18%
2/1/22
12%
3/29/22
10%
1/28/16
10%
N/A
10%
5/19/22
7%
N/A
7%
5/19/22
12%
6/25/2020
11%
N/A
Sources: FactSet, Wells Fargo Advisors, company reports. 1. Simple average for market cap, dividend yield, date added. Harmonic average for P/E. Median for L-T growth estimate. NTM = next twelve months. EPS = earnings per share, funds from operations used for
real estate investment trusts. P/E = price-to-earnings ratio. L-T = long-term
Page 2 of 7
Holdings by Sector -- Focus List | November 16, 2022
Focus List holdings statistics
Company
Symbol
Communication Services (average) Alphabet, Inc. Live Nation Entertainment, Inc. Consumer Discretionary O'Reilly Automotive, Inc. The Home Depot, Inc. Consumer Staples Procter & Gamble Co. The Coca-Cola Co. Energy Chevron Corp. ConocoPhillips Financials Berkshire Hathaway, Inc. BlackRock, Inc. JPMorgan Chase & Co. Health Care Danaher Corp. Eli Lilly & Co. Humana, Inc. Intuitive Surgical, Inc. UnitedHealth Group, Inc. Zoetis, Inc. Industrials Canadian Pacific Railway Ltd. Parker-Hannifin Corp. Focus List Average1 S&P 500
Not applicable
GOOGL LYV
Not applicable
ORLY HD
Not applicable
PG KO
Not applicable
CVX COP
Not applicable
BRK.B BLK JPM
Not applicable
DHR LLY HUM ISRG UNH ZTS
Not applicable
CP PH
Not applicable
SP50
Sub-Industry
N/A Interactive Media & Services
Movies & Entertainment N/A
Automotive Retail Home Improvement Retail
N/A Household Products
Soft Drinks N/A
Integrated Oil & Gas Oil & Gas Exploration & Production
N/A Multi-Sector Holdings Asset Management & Custody Banks
Diversified Banks N/A
Life Sciences Tools & Services Pharmaceuticals
Managed Health Care Health Care Equipment Managed Health Care
Pharmaceuticals N/A
Railroads Industrial Machinery
N/A N/A
Price
N/A $98.44 $74.28 N/A $825.12 $311.93 N/A $140.49 $60.63 N/A $188.05 $134.09 N/A $309.98 $740.31 $132.94 N/A $270.33 $349.95 $512.90 $264.18 $503.01 $149.82 N/A $75.42 $311.06 N/A $3,992
52Week Low
N/A $83.34 $67.53 N/A $562.90 $264.51 N/A $122.18 $52.28 N/A $110.73 $66.06 N/A $259.85 $503.12 $101.28 N/A $233.71 $231.87 $351.20 $180.07 $436.00 $124.15 N/A $65.17 $230.44 N/A $3,492
52Week High
N/A $151.55 $126.79
N/A $848.65 $420.61
N/A $165.35 $67.20
N/A $189.68 $138.49
N/A $362.10 $956.63 $169.81
N/A $331.69 $369.80 $571.30 $369.21 $558.10 $249.27
N/A $84.22 $340.00 N/A $4,819
Fiscal Year End
N/A DEC DEC N/A DEC JAN N/A JUN DEC N/A DEC DEC N/A DEC DEC DEC N/A DEC DEC DEC DEC DEC DEC N/A DEC JUN N/A N/A
NTM Relative
P/E
1.7x 1.1x 3.5x 1.2x 1.3x 1.1x 1.4x 1.4x 1.4x 0.6x 0.6x 0.6x 0.9x 1.2x 1.3x 0.6x 1.6x 1.5x 2.2x 1.1x 2.8x 1.2x 1.6x 1.1x 1.3x 0.9x 1.4x 1.0x
5-Yr Avg NTM Relative P/E
2.3x 1.3x 9.3x 1.1x 1.1x 1.1x 1.3x 1.3x 1.3x 3.5x 1.6x 3.5x 0.8x 1.1x 0.9x 0.6x 1.4x 1.5x 1.3x 0.9x 2.6x 1.0x 1.8x 1.0x 1.1x 0.9x 1.7x 1.0x
Int'l Sales
37% 54% 19% 4% 0% 8% 60% 54% 66% 24% 56% 24% 25% 16% 36% 24% 31% 62% 41% 0% 33% 3% 48% 30% 25% 36% 42% 32%
Net Debt / Capital
2% -31% 35% 107% 121% 93% 38% 34% 42% 10% 4% 10% 22% 2% 3% 62% 11% 21% 51% -11% -38% 8% 37% 47% 35% 59% 21% 33%
S&P Credit Rating
N/A AA+ B N/A BBB A N/A AAA+ N/A AAAN/A AA AAAN/A BBB+ A+ BBB+
A+ BBB N/A BBB+ BBB+ A BBB+
Consensus Target Price
N/A $125.97 $105.57
N/A $881.58 $345.26
N/A $147.71 $66.20
N/A $189.08 $138.08
N/A $344.06 $638.31 $138.39
N/A $307.84 $374.55 $608.73 $259.58 $592.05 $212.80
N/A $82.83 $337.39 N/A N/A
Page 3 of 7
Holdings by Sector -- Focus List | November 16, 2022
Company
Symbol
Sub-Industry
Price
52Week Low
52Week High
Fiscal Year End
NTM Relative
P/E
5-Yr Avg NTM Relative P/E
Int'l Sales
Net Debt / Capital
S&P Credit Rating
Consensus Target Price
Information Technology Apple, Inc. Accenture Plc ASML Holding NV Cisco Systems, Inc. Mastercard, Inc. Microsoft Corp. NVIDIA Corp. Paychex, Inc. Texas Instruments Incorporated Materials Linde Plc Utilities WEC Energy Group, Inc. Focus List Average1 S&P 500
Not applicable
AAPL ACN ASML CSCO MA MSFT NVDA PAYX TXN
Not applicable
LIN
Not applicable
WEC
Not applicable
SP50
N/A
N/A
N/A
N/A
N/A
1.4x
Technology Hardware Storage & Peripherals $150.04 $129.04 $182.94 SEP
1.4x
IT Consulting & Other Services
$292.65 $242.95 $417.37 AUG
1.5x
Semiconductor Equipment
$597.47 $363.15 $881.12 DEC
1.9x
Communications Equipment
$44.90
$38.61 $64.29
JUL
0.7x
Data Processing & Outsourced Services
$343.51 $276.87 $399.92 DEC
1.7x
Systems Software
$241.97 $213.43 $349.67 JUN
1.4x
Semiconductors
$166.66 $108.13 $346.47 JAN
2.3x
Data Processing & Outsourced Services
$121.67 $105.66 $141.92 MAY
1.6x
Semiconductors
$177.57 $144.46 $199.90 DEC
1.3x
N/A
N/A
N/A
N/A
N/A
1.5x
Industrial Gases
$332.56 $262.47 $352.18 DEC
1.5x
N/A
N/A
N/A
N/A
N/A
1.2x
Multi-Utilities
$93.26
$80.82 $108.39 DEC
1.2x
N/A
N/A
N/A
N/A
N/A
1.4x
N/A
$3,992 $3,492 $4,819 N/A
1.0x
1.4x
66%
0%
N/A
N/A
1.2x
57%
46%
AA+
$175.30
1.4x
99%
-18%
AA-
$315.90
1.7x
100%
1%
-
$708.60
0.8x
42%
-17%
AA-
$53.61
1.8x
68%
28%
A+
$390.45
1.5x
49%
-12%
AAA
$291.97
2.0x
84%
-15%
A-
$188.23
1.5x
1%
-10%
-
$125.73
1.2x
90%
-5%
A+
$172.48
1.4x
64% 22%
N/A
N/A
1.4x
64%
22%
A
$342.81
1.2x
0%
59%
N/A
N/A
1.2x
0%
59%
A-
$96.00
1.7x
42% 21%
A
N/A
1.0x
32% 33% BBB+
N/A
Sources: FactSet, Wells Fargo Advisors, company reports. 1. Simple average for international sales, net debt/capital, S&P credit rating. Harmonic average for P/E. NTM = next twelve months. EPS = earnings per share, funds from operations used for real estate investment trusts. P/E = price-to-earnings ratio.
Page 4 of 7
Holdings by Sector -- Focus List | November 16, 2022
IMPORTANT DISCLOSURES
Disclosure information . . . For important disclosure information, please contact: Wells Fargo Advisors Attn: Global Securities Research (Disclosure Information) One North Jefferson, St. Louis, MO 63103 Or call (877) 785-4332 Web Address: www.wellsfargoadvisors.com/disclosures/research Please remember to specify the issuer(s) with respect to which you would like to receive disclosure information.
Analyst Certification: The analyst who prepared this report hereby certifies that the views expressed in this report accurately reflect his/her personal views about the subject companies and their securities. The analyst also certifies that he/she has not been, is not, and will not be receiving direct or indirect compensation for expressing the specific recommendation(s) or view(s) in this report.
Disclaimers
Prices and estimates are as of November 15, 2022 unless indicated otherwise.
You should be aware that investments can fluctuate in price, value and/or income, and you may get back less than you invested. We recommend that existing shareholders consider their objectives, their risk tolerance, and the size of their positions relative to their portfolios when evaluating their holdings.
Equity securities are subject to market risk which means their value may fluctuate in response to general economic and market conditions and the perception of individual issuers. Investments in equity securities are generally more volatile than other types of securities.
The prices of small and mid-cap company stocks are generally more volatile than large company stocks. They often involve higher risks because smaller companies may lack the management expertise, financial resources, product diversification and competitive strengths to endure adverse economic conditions.
There is no guarantee dividend-paying stocks will return more than the overall market. Dividends are not guaranteed and are subject to change or elimination.
Investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation and political and economic changes. This may result in greater price volatility.
Sector investing can be more volatile than investments that are broadly diversified over numerous sectors of the economy and will increase a portfolio's vulnerability to any single economic, political, or regulatory development affecting the sector. This can result in greater price volatility. Communication Services companies are vulnerable to their products and services becoming outdated because of technological advancement and the innovation of competitors. Companies in the communication services sector may also be affected by rapid technology changes; pricing competition, large equipment upgrades, substantial capital requirements and government regulation and approval of products and services. In addition, companies within the industry may invest heavily in research and
Page 5 of 7
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