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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (38025)	8/15/2002 10:58:19 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71036

What the Big Fish Are Snapping Up S&P's newest screen takes a look at where institutional investors are putting their money these days In investing, size does matter. Institutional investors -- which include banks, trusts, pension funds, insurance companies, and mutual funds -- have better access to research and market information than the average retail investor. And they can avail themselves of the specialized skills and experience of professional money managers, a luxury that only a few individuals can afford (outside of mutual funds). One other reason the little guy may wish to pay attention to their moves: The horizons of institutional and retail investors have traditionally been similar, as both tend to hold stocks for the longer term. Contrast that with a day-trader's or market speculator's ultra-short-term mindset. The theme of this week's screen, then, is "follow the pros." Using data provided by S&P Compustat, we looked for stocks where institutional investors have recently increased their positions. Total institutional ownership, measured as a percent of total shares outstanding, had to have grown by at least half a percent from the previous quarter. And to ensure that these were large, liquid companies, they had to have market capitalizations of at least $1 billion. These 11 stocks made the cut: • Centerpulse (CEP ) • Fresenius (FMS ) • Ingersoll-Rand (IR ) • Nabors Industries (NBR ) • Nautilus Group (NLS ) • Noble Corp. (NE ) • Noble Energy (NBL ) • Serono (SRA ) • SLM (SLM ) • Weatherford (wft ) • Yum! Brands (YUM ) De Guia is a portfolio services analyst for Standard & Poor's businessweek.com