Bear Stearns pick MSFT
Bear Stearns picks 23 stocks based on new disclosure rules
MONDAY, OCTOBER 23, 2000 2:57 PM
- Reuters
10-23 0329 Bear Stearns picks 23 stocks based on new disclosure rules
NEW YORK, Oct 23 (Reuters) - Take a long, hard look at the earnings histories
of companies you're thinking of investing in, recommends one top Wall Street
firm.
In the new era of full disclosure, the past may hold the only clues to what a
company is capable of in the future.
Regulation FD (Fair Disclosure) -- created to make companies evenhandedly
disseminate information that could move the price of its shares -- will force
companies to clam up and will make investing harder, investment bank Bear
Stearns Cos. Inc. said in a research note on Monday.
"It is even more important for investors to identify companies with good
earnings consistency," said Liz Mackay, the firm's chief investment strategist.
"A company's earnings history and the quality of its management could be the
only benchmark on which investors can base their investment decisions."
Bear Stearns compiled a list of 23 companies with reliable earnings histories,
indicating they will report profit growth in the future. Strong compound
earnings growth for an extended time period and five-year sales growth around
10 percent were two of the criteria Bear Stearns used to pick the companies.
A full list follows: American Home Products Corp. (NYSE:AHP) American
International Group (NYSE:AIG) Applebee's International, Inc. (NASDAQ
NM:APPB) Brinker International, Inc. (NYSE:EAT) Charles Schwab Corp.
(NYSE:SCH) Danaher Corp. (NYSE:DHR) EMC Corp. (NYSE:EMC)
Expeditors International of Washington, Inc. (NASDAQ NM:EXPD) Fannie
Mae (NYSE:FNM) Freddie Mac (NYSE:FRE) Jacobs Engineering Group Group
Inc. (NYSE:JEC) Johnson & Johnson (NYSE:JNJ) Medtronic Inc. (NYSE:MDT)
Microsoft Corp. (NASDAQ NM:MSFT) Omnicom Group Inc. (NYSE:OMC)
Safeway Inc. (NYSE:SWY) Schering-Plough Corp. (NYSE:SGP) Solectron
Corp. (NYSE:SLR) Sun Microsystems Inc. (NASDAQ NM:SUNW) Walgreen
Co. (NYSE:WAG) Wal-Mart Stores Inc. (NYSE:WMT) Femsa (NYSE:FMX)
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