Word: blue-chip
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...stores open for at least 12 months shrank 2.7% from the year before. The company has suffered declining profits for six of the past seven quarters and just lowered its earnings expectations for 2002. Wall Street's indigestion over the news pushed McDonald's once dependable blue-chip stock down to a seven-year low, helping sink the Dow Jones average close to a four-year nadir...
...funds," he says, "where I don't have to log onto the Internet six times a day to see my returns." De Jonge isn't the only one looking for the exit. London's FTSE 100 touched a five-year low last week, and so far in 2002 the blue-chip European companies that make up the Dow Jones Stoxx 50 index have declined 24%. That bonfire of capital has been fueled only in part by the revelations of corporate sleaze on the other side of the Atlantic. "Even if Europe hasn't had a scandal like Enron or WorldCom...
Lewis says that while there may be problems with recruiting in the post-1987 era of coaches combing the nation in search of blue-chip recruits, the process is an important stimulus for diversity...
Only by reforming Social Security can we avoid this Scylla and Charybdis. Workers must be allowed to keep some of their payroll taxes to create optional personal retirement accounts. Invested safely in bonds and blue-chip stocks, these accounts would earn higher returns than the current program. And allowing baby boomers to invest for retirement now would greatly decrease the cost of providing benefits when they retire...
...relatively safe route into Japan is blue-chip Japanese exporters, which, while not dirt cheap, stand to benefit from renewed buying among U.S. customers and a continuing slide in the yen. David Bowers, chief international strategist at Merrill Lynch, likes the copier company Canon, where 84% of sales are outside Japan, and consumer electronics giant Pioneer, where 64% of sales are outside Japan. Also on his list is Nissan, which has been aggressively investing in new production technologies. All three stocks trade in the U.S. as American Depositary Receipts...