Today Merrill Lynch came out with the third of their HOLDRs offerings. These products consist of 20 underlying stocks and trade only in integral multiples of 100 share lots.
Previous HOLDRs are BBH, biotech and HHH internet HOLDRs. Also today TTH or telecom made its debut.
PPH consists of:
PHARMACEUTICAL HOLDRS
Ticker Name of Company Shares Per HOLDRS Round Lot MRK Merck & Co., 22 PFE Pfizer Inc. 36 JNJ Johnson & Johnson 13 BMY Bristol-Myers Squibb Company 18 LLY Eli Lilly and Company 10 WLA Warner-Lambert Company 8 SGP Schering-Plough Corporation 14 AHP American Home Products Corporation 12 ABT Abbott Laboratories 14 PNU Pharmacia & Upjohn, Inc. 5 BVF Biovail Corporation 2 KING King Pharmaceuticals 1 FRX Forest Laboratories, Inc. 1 ADRX Andrx Corporation 1 AGN Allergan, Inc. 1 JMED Jones Pharma Incorporated 1 WPI Watson Pharmaceuticals, Inc. 1 ICN ICN Pharmaceuticals, Inc. 1 MYL Mylan Laboratories, Inc. 1 IVX IVAX Corporation 1 |