 | | Investing Ideas —
July 15, 2000
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Yahoo! A Week of Strong Earnings Reports
Summer slump? Not this week. Yahoo jumpstarted a modest Internet rally when its quarterly earnings blew past the 10 cents per share that Wall St. was expecting, and instead came in at a robust 12 cents a share. For the week, the NASDAQ index powered ahead 5.5%. Over on the Big Board, GE managed to post its strongest quarter ever, as net income rose 20%. It was also a sweet week for deals: PaineWebber announced plans to merge with UBS, and General Mills confirmed it is talking to Diageo about acquiring Pillsbury.
Tobacco firms, on the other hand, were left breathless when a jury awarded $145 billion to sick Florida smokers; a decision that is sure to be appealed.
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More Than Just a Pretty Picture
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Not content to rest on its laurels as a camera and photocopying juggernaut, Canon Inc. (CANNY) is busy expanding into new tech areas. David Warren, co-manager of the $21 billion T. Rowe Price International Stock fund (PRITX) is bullish on Canon's growing presence in a corner of the chip-manufacturing business that is rapidly growing. And as Warren points out, Canon is truly a "global blue chip" that can provide some nice diversification for any U.S.-dominated portfolio.
» See My Favorite Stock for details
For My Favorite Stock, Quicken.com asks a leading fund manager each week to describe his or her single favorite investment.
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Juicy Food Stocks to Feast On
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Seems that leading money managers hungry for winners are ordering up a serving of fast-food stocks.
Shelby Davis, simply one of the finest mutual fund managers for the past thirty years, sees plenty of hidden value in the golden arches of McDonalds (MCD). Bill Nygren, manager of the top-performing Oakmark Select Fund (OAKLX) and new manager of the flagship Oakmark fund (OAKM) is a huge fan of Tricon Global Restaurants (YUM) which owns Pizza Hut, Taco Bell and KFC. And two other top-rated fund managers are major shareholders in Wendy's International (WEN).
» Get more on these appetizing investment ideas in The Funnel.
Quicken.com's Funnel writer 'Benny Graham' combs the financial press each week for the most interesting investing nuggets.
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Time to move from fast food to home cooking. When companies repurchase shares of their own stock--eating their own cooking--it shows that management has a lot of faith in the firm's prospects, and believes the current price does not reflect the true value of the stock. Check out the favorite picks from the editor of the Buyback Letter.
» More on Buyback gems in Advisor's Angle
» The latest Advisor's Angle piece
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Interesing items from the Quicken.com boards.
» Heard on the Boards:
Yahoo defies the naysayers with latest earnings report.
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That's the bottom line from Quicken.com this week. We trust you find it worth your while.
Carla Fried
Managing Editor, Quicken.com
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