Word: tend
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Dates: during 1960-1969
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...will increase the total education bill. An agreement by the faculty to the general effect that "in appreciation of the fact that most students will be taking advantage of the right to take a fifth course pass-fail, the four course work requirement of both parties, though lessened" might tend to satisfy the arguments of both parties, though the remarks above imply, of course, that neither student nor faculty will likely take the fifth course commitment that seriously...
...attracted to a company that has few shares outstanding, induces his customers to buy the stock, and puts only 5% ($1,000,000) of his buying power into it, the demand is likely to drive the stock up simply because its supply is so limited. Many brokers tend to favor lower-priced issues because they carry higher commissions. Quite a few also like to find a "hot" industry and then recommend one of the most depressed companies in the field. Explains one top broker: "In a good industry, with profits going up quarter by quarter, even the garbage is going...
...pension funds in common stocks have changed their policies with a vengeance; they now spread their funds among the trust departments of several banks, setting up a competition to see which can "perform" the most profitably. Instead of managing those portfolios through large and cautious investment committees, banks now tend to put them under a single manager. And instead of channeling their funds into several hundred stocks, the managers tend to concentrate them in several dozen issues on which they can keep a close watch...
Analysts are most concerned about a stock's price-earnings ratio-that is, its price relative to earnings per share expected in the current year. Professionals tend to assign rather low P-E ratios to companies with profits that are rising only as fast as the U.S. economy's gross national product. Thus, the Dow-Jones industrials now have P-E ratios averaging less than 17 to 1, down from 21 to 1 just before the 1962 market break. Analysts give much more generous P-Es-50 to 1, or more-to companies with profits that rise faster...
...chart-covered offices of banks, brokerages and mutual funds, computers constantly scan the stock lists to spot companies or entire industries that appear to be breaking out of their usual earnings pattern. Once an uptrend is noted, word quickly gets around; analysts go to the same meetings, tend to eat at the same places. They constantly talk with each other on local or long-distance phones. Brokerage houses also pass on their research findings to mutual funds and other institutions in hope of landing their enormous commission business. Says an officer of one Boston-based mutual fund: "A stock often...