[CANSLIM] Holy Cow....It's a New Era Indeed...

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: [CANSLIM] Holy Cow....It's a New Era Indeed...
Date: Tue, 18 Jun 2002 18:31:34 -0500

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Check it out!!! The highlighting is mine....

- --Katherine

The Big Picture
Wednesday, June 19, 2002

Tech Stocks Take A Break But Cyclicals Edge Higher
BY DAVID SAITO-CHUNG

INVESTOR'S BUSINESS DAILY

Tech stocks decided Tuesday to rest after two straight days of gains. =
Cyclicals thought otherwise.

Housing starts surged 11.6% in May, well above the 2.9% rise economists =
had expected. Core consumer prices, meanwhile, rose 0.2% the same month, =
matching estimates. Translation: good news for industrial stocks.

The Nasdaq started higher, but ran out of fuel by midmorning. It ended =
off 0.7%. Volume ran just a tad lower, a sign that heavy hitters weren't =
eager to sell stocks.

In contrast, the S&P 500 edged up 0.1%, helped by retail, building, =
machinery and energy names. The Dow gained 0.2%. The Amex Morgan Stanley =
cyclical index marched ahead 0.6%. NYSE trade cooled as well.

Small caps also held ground. The S&P SmallCap 600 index, up 3.2% in the =
previous two sessions, lost less than 0.1% Tuesday.

On Thursday, the General Markets & Sectors page in the print edition =
will feature for the first time the S&P 600 SmallCap index chart on a =
daily basis. It will be sandwiched between the Nasdaq and S&P 500 =
charts. The Dow will appear at the bottom of the page on Mondays only. =
Four more indexes will fill in this slot on a rotating basis during the =
rest of the week.

In the 1890s, Charles Henry Dow showed vision in creating an index of =
stocks as a barometer of the overall U.S. economy. By 1928, his =
industrial index had grown to 30 stocks.

The Dow Jones industrial average was initially an index of railroad =
stocks. And rightfully so. Back then, railroads served as a backbone of =
economic growth. As the economy changed, so did the Dow's makeup. The =
latest changes to the Dow came in October 1999, when Microsoft  (MSFT), =
Intel (INTC), Home Depot (HD) and SBC Communications (SBC) kicked out =
Union Carbide, Chevron (CVX), Goodyear Tire (GT) and Sears (S).

But the market has changed so much since then. We are in a brand-new =
economy where young companies provide new, exciting products and =
services, and excel at it. Success in the stock market means actively =
searching for these lesser-known yet fast-growing firms and buying =
shares early in their upward cycle.

Smaller-cap stocks have outperformed their large-cap brethren. Since =
Sept. 21, the S&P 600 has gained 22%, the Dow 9%. Many large caps have =
dragged their feet for years.

IBD strives to present the facts - especially facts about great stocks =
and those that have the potential to outpace the market. We feel the S&P =
600 will offer readers a clearer view of this new face of America. The =
Nasdaq and S&P 500, meanwhile, will help investors keep a finger on the =
pulse of the largest companies.

When the S&P 600 chart comes out on Thursday, it will list the index's =
70 biggest stocks along with their IBD Composite Rating. This feature =
will help save you time in singling out the best stocks in the market. =
The average IBD Composite Rating among the S&P 600 stocks is 59 vs. 54 =
for the Dow 30 stocks. While both indexes had the same average Earnings =
Per Share Rating of 57, the average RS Rating for the S&P 600 was 55 vs. =
the Dow's 43.

Meanwhile, the Dow will continue to be featured in IBD every day on page =
B4 in the print edition, along with the Dow transport and Dow utility =
indexes.


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<DIV>Check it out!!! The highlighting is mine....</DIV>
<DIV>&nbsp;</DIV>
<DIV>--Katherine</DIV>
<DIV>&nbsp;</DIV>
<DIV>
<H2 class=3Dtxthead>The Big Picture</H2><FONT size=3D2>
<P class=3Dtxtsub>Wednesday, June 19, 2002</P>
<H3><FONT size=3D3>Tech Stocks Take A Break But Cyclicals Edge =
Higher</FONT></H3>
<P class=3Dbyline>BY DAVID SAITO-CHUNG</P>
<P class=3Dibd>INVESTOR'S BUSINESS DAILY</P>
<P class=3Dibd>Tech stocks decided Tuesday to rest after two straight =
days of=20
gains. Cyclicals thought otherwise.</P>
<P>Housing starts surged 11.6% in May, well above the 2.9% rise =
economists had=20
expected. Core consumer prices, meanwhile, rose 0.2% the same month, =
matching=20
estimates. Translation: good news for industrial stocks.</P>
<P>The Nasdaq started higher, but ran out of fuel by midmorning. It =
ended off=20
0.7%. Volume ran just a tad lower<CF89>, a sign that heavy hitters =
weren't eager=20
to sell stocks.</P>
<P>In contrast, the S&amp;P 500 edged up 0.1%, helped by retail, =
building,=20
machinery and energy names. The Dow gained 0.2%. The Amex Morgan Stanley =

cyclical index marched ahead 0.6%. NYSE trade cooled as well.</P>
<P>Small caps also held ground. The S&amp;P SmallCap 600 index, up 3.2% =
in the=20
previous two sessions, lost less than 0.1% Tuesday.</P>
<P><FONT color=3D#0000ff size=3D4><STRONG>On Thursday, the General =
Markets &amp;=20
Sectors page in the print edition will feature for the first time the =
S&amp;P=20
600 SmallCap index chart on a daily basis.</STRONG></FONT> It will be =
sandwiched=20
between the Nasdaq and S&amp;P 500 charts. The Dow will appear at the =
bottom of=20
the page on Mondays only. Four more indexes will fill in this slot on a =
rotating=20
basis during the rest of the week.</P>
<P>In the 1890s, Charles Henry Dow showed vision in creating an index of =
stocks=20
as a barometer of the overall U.S. economy. By 1928, his industrial =
index had=20
grown to 30 stocks.</P>
<P>The Dow Jones industrial average was initially an index of railroad =
stocks.=20
And rightfully so. Back then, railroads served as a backbone of economic =
growth.=20
As the economy changed, so did the Dow's makeup. The latest changes to =
the Dow=20
came in October 1999, when <B>Microsoft&nbsp;</B> (<A=20
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DO3V4J5Y6','SmartSelectPop','top=3D20,left=3D20,wi=
dth=3D610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=
=3Dno,scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alway=
sRaised=3D0,dependent=3Dno');popup.focus();">MSFT</A>),=20
<B>Intel</B> (<A=20
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DK3Q4X5H6','SmartSelectPop','top=3D20,left=3D20,wi=
dth=3D610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=
=3Dno,scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alway=
sRaised=3D0,dependent=3Dno');popup.focus();">INTC</A>),=20
<B>Home Depot</B> (<A=20
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DJ3G4','SmartSelectPop','top=3D20,left=3D20,width=3D=
610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=3Dno,=
scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRaise=
d=3D0,dependent=3Dno');popup.focus();">HD</A>)=20
and <B>SBC Communications</B> (<A=20
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DU3E4G5','SmartSelectPop','top=3D20,left=3D20,widt=
h=3D610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=3D=
no,scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRa=
ised=3D0,dependent=3Dno');popup.focus();">SBC</A>)=20
kicked out <B>Union Carbide</B>, <B>Chevron </B>(<A=20
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DE3c4f5','SmartSelectPop','top=3D20,left=3D20,widt=
h=3D610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=3D=
no,scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRa=
ised=3D0,dependent=3Dno');popup.focus();">CVX</A>),=20
<B>Goodyear Tire</B> (<A=20
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DI3W4','SmartSelectPop','top=3D20,left=3D20,width=3D=
610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=3Dno,=
scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRaise=
d=3D0,dependent=3Dno');popup.focus();">GT</A>)=20
and <B>Sears </B>(<A=20
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DU3','SmartSelectPop','top=3D20,left=3D20,width=3D=
610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=3Dno,=
scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRaise=
d=3D0,dependent=3Dno');popup.focus();">S</A>).</P>
<P>But the market has changed so much since then. We are in a brand-new =
economy=20
where young companies provide new, exciting products and services, and =
excel at=20
it. Success in the stock market means actively searching for these =
lesser-known=20
yet fast-growing firms and buying shares early in their upward =
cycle.</P>
<P>Smaller-cap stocks have outperformed their large-cap brethren. Since =
Sept.=20
21, the S&amp;P 600 has gained 22%, the Dow 9%. Many large caps have =
dragged=20
their feet for years.</P>
<P>IBD strives to present the facts =97 especially facts about great =
stocks and=20
those that have the potential to outpace the market. We feel the S&amp;P =
600=20
will offer readers a clearer view of this new face of America. The =
Nasdaq and=20
S&amp;P 500, meanwhile, will help investors keep a finger on the pulse =
of the=20
largest companies.</P>
<P>When the S&amp;P 600 chart comes out on Thursday, it will list the =
index's 70=20
biggest stocks along with their IBD Composite Rating. This feature will =
help=20
save you time in singling out the best stocks in the market. The average =
IBD=20
Composite Rating among the S&amp;P 600 stocks is 59 vs. 54 for the Dow =
30=20
stocks. While both indexes had the same average Earnings Per Share =
Rating of 57,=20
the average RS Rating for the S&amp;P 600 was 55 vs. the Dow's 43.</P>
<P>Meanwhile, the Dow will continue to be featured in IBD every day on =
page B4=20
in the print edition, along with the Dow transport and Dow utility=20
indexes.</P></FONT></DIV></BODY></HTML>

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