Go to Jeff Salisbury LWGate Home Page.From: Harvey Brion <hbrion@ieee.org>
Subject: Re: [CANSLIM] Holy Cow....It's a New Era Indeed...
Date: Tue, 18 Jun 2002 17:45:50 -0700
Previous Article (by Subject): Re: [CANSLIM] "M" History "Tom Worley"
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IMO this change is a good example of what sets IBD apart from the other financial newspapers. Katherine Malm wrote: > 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. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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