It' not the pizza guy yet,...but it seems that newsletter writers with the best market beating records are recommending big gold companies,...change in market philosophy????? Still not the pizza guy, and although Oliphant convinced Kudlow and Cramer to buy Barrick, Maria hasn't abandoned GE for gold yet (ggggggggggggg)
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7BFA6E6AFD%2D4658%2D4D89%2D855F%2D0000A1D135B5%7D
Top newsletters' most-wanted stocks
By Mark Hulbert, CBS.MarketWatch.com
Last Update: 12:02 AM ET June 7, 2002
ANNADALE, Va. (CBS.MW) -- The following 14 stocks are those most recommended right now by investment newsletters that, according to the Hulbert Financial Digest, have beaten the market over the last 12 months.
Among the stocks whose popularity has increased in recent days are three that weren't even on this list one week ago -- Autodesk, Ball Corp., and Bed Bath & Beyond.
Autozone's popularity also increased: The number of 12-month market beaters recommending the stock has grown over the last week from 6 to 7.
The number to the right of each stock indicates the number of these 12-month market beaters currently recommending it.
Barrick Gold (ABX: news, chart, profile); 7
Newmont Mining (NEM: news, chart, profile); 7
Genuine Parts (GPC: news, chart, profile); 7
Philip Morris (MO: news, chart, profile); 7
Autozone (AZO: news, chart, profile); 7
Ryan's Family Steak Houses (RYAN: news, chart, profile); 7
Supervalu (SVU: news, chart, profile); 7
Autodesk (ADSK: news, chart, profile); 6
Ball Corp. (BLL: news, chart, profile); 6
Ryland Group (RYL: news, chart, profile); 6
H&R Block (HRB: news, chart, profile); 6
Johnson & Johnson (JNJ: news, chart, profile); 6
Tenet Healthcare (THC: news, chart, profile); 6
Bed, Bath & Beyond (BBBY: news, chart, profile); 6
On the flip side of the coin, only one stock from last week's list does not appear this week: Liz Claiborne (LIZ: news, chart, profile). For the record, however, note carefully that this stock has not completely fallen from grace: It still is recommended for purchase by 5 of the 12-month market beaters.
While preparing this week's list of popular stocks I also paid particular attention to how newsletters reacted to the June 3 resignation of Tyco International CEO Dennis Kozlowski and the subsequent 26 percent decline in its stock price.
Prior to his resignation, Tyco (TYC: news, chart, profile) was being recommended for purchase by four of the newsletters on the HFD's monitored list. As of Thursday night, June 6, all four continue to recommend the stock for purchase.
If anything, the editors of these newsletters are even more bullish on Tyco today than they were before Kozlowski's resignation. In effect, they believe that investors are being given the opportunity to buy at substantial discount a company whose fundamentals have not changed.
Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980. |
