Word: glamourizer
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...institutions and mutual funds were coming back into the market in force, giving the hitherto neglected blue chips a handsome advance, along with the glamour stocks. But not all stocks were going up, and the 30 stocks in the Dow-Jones average did not accurately reflect the fate of many depressed stocks that are still down. Even during last week there was a sizable number of new lows for the year. Many traders believe that before the market can sustain its advance, more stocks will have to participate in the rise, and new highs will have to outnumber new lows...
Positive Dynamics. In this atmosphere, Wall Streeters are finding more and more use for one of the Street's most overworked words: selectivity. (The current definition: "Selectivity means that the stock you own goes up.") The best example of "selectivity" is the remarkable performance of the glamour, or growth, stocks. The blue-chip stocks included in the Dow-Jones average do not really reflect what has happened to these stocks. For months the blue chips have in general shown little or no gain, and many have lost ground. In the past year Standard Oil (N.J.) has dropped from...
...also include such varied fields as drugs, office equipment and vending machines. Over the past year, Texas Instruments has jumped from 121 to 236½, Merck from 79 to 95, Universal Match from 74 to 157¾ after one split. Even the blue chips that have picked up some glamour have been doing well, such as IBM, Minnesota Mining & Manufacturing and General Foods. Compared with the traditional price-earnings ratio of 16 to 1 for the blue chips, many of the glamour stocks are selling at up to 70 times earnings...
...nation's 40 million home gardeners, Burpee this year has five new flowers: Pink Peony asters, Gloriosa golden daisies, Glamour Shades snapdragons. Miracle marigolds and Trail Blazer zinnias. "Today's gardener," says Burpee, "wants what is easy to grow and spectacular to look at. We are working for bigger flowers on dwarfer plants. Americans want them big, but now, because of ranch-type houses, they want flowers low to the ground...
Like a poised and polished hostess trying to overlook a glaring social error, Buckingham Palace last week sought to restore glamour to Princess Margaret's wedding. Glossing over the uproar caused by the abrupt switch in the best man for Fiancé Antony Armstrong-Jones, the government revealed lavish decoration plans for the wedding day. In honor of Princess Margaret Rose's second name, nearly a million fresh roses are to be strung on 60-ft. arches between the palace and Clarence House, the London home of the princess. From tall masts in Parliament Square will dangle metal...