EMKR , JWN: HOME / INVESTING / NEWS Mon 20 Jun 2005
Reuters Select Company Focus
Nordstrom, Inc. (JWN):
A luxurious retailer
Hershey Company (HSY):
A bit too rich right now
Portfolio Ideas & Commentary
Can the herd be right? XXXXXXXX
Investing large in living large XXXXXXXX
Featured Analyst Reports
EMCORE (EMKR.O)
Hershey (HSY.N)
Nordstrom (JWN.N)
Reuters Select
Selection criteria, Stock Lists,
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In case you missed it
A selection from our archive:
A series of articles by
Marc Gerstein, Director of
Investment Research
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Reuters Select Company Focus
Nordstrom, Inc. (JWN): A luxurious retailer
When you think of luxury, what is more luxurious than gold? From the dawn of civilization, gold has been associated with wealth and power. Thousands of years later, we still hold it high regard. When you look at the history of the United States, there have been population shifts from the cities of the east to the wilds of the west in pursuit of fortunes from gold. One of the relatively lucky few from such an expedition was John W. Nordstrom. Some time after benefiting from the Gold Rush in Alaska in the late 1890s, John Nordstrom opened a small shoe store in Seattle. Since its fortuitous beginnings in 1901, the company has grown substantially. Today, Nordstrom, Inc. (JWN), as with the metal that enabled its very beginning, is equated with luxury. Full Article
Hershey Company (HSY): A bit too rich right now
The Hershey Company (HSY) is in a strange spot right now. It is on our Reuters Select High P/E screen, which is usually meant to capture high flyers, or stocks that common sentiment would indicate are undergoing a growth spurt. There is no growth spurt in the food industry, so such a rich valuation might be an anomoly. Full Article
Portfolio Ideas & Commentary
Can the herd be right?
There are many theories out there on how to invest in stocks. Some, such as the Gordon Dividend Discount model represent important foundations even though we can't really use them in the real world. Others have varying degrees of practicality. On the other side of the fence is a set of investment protocols that favor stocks that look like they are or could soon become hot. The idea here is to buy stocks because the herd likes them reasoning that it must be OK at least in the short term. What a perfect way to vaporize one's brokerage account! Right? So how come the Reuters Select Sentiment category screens, the ones that openly seek stocks favored by the herd, are up about 150 percent on average since 1/28/00, while the S&P 500 remains down a little more than 10 percent? Is it possible that popularity might actually be a legitimate investment criteria? Full Article
Investing large in living large
You are ushered through an ornate entrance into a delightfully air-conditioned space with marble floors, mahogany furnishings, ornate chandeliers, and soft classical music playing in the background. A customer service counselor shows you to a comfortable armchair and pours you a glass of wine to sip while you wait for him to fetch a selection of the finest apparel, matched to your size and taste. As feel-good shopping experiences go, this sure beats Wal-Mart! And since the luxury you see is the luxury you get, you know you're likely to be satisfied with your outing. Meanwhile, in an era where many investors have come to cherish investment ideas found through day-to-day life experiences, there's considerable appeal to owning shares of companies that provide top-quality goods and services. But take care. In the stock market, the luxury you think you see isn't always the luxury you get. We present, here, some techniques for evaluating potential luxury-themed investment opportunities. Full Article
Featured Analyst Reports
EMCORE (EMKR.O)
Jefferies & Co. initiated coverage on EMCORE, stating that the company is a prime beneficiary of recent consolidation in the fiberoptic component sector. The report includes an investment summary, valuation and risks, industry overview, and a company background. (Discounted 50%)
Buy report
Hershey (HSY.N)
Morningstar examines Hersheys first quarter in the analyst note, commenting on the companys ability to execute its business model, which is thoroughly discussed in the investment thesis. Also included is a valuation discussion, risk analysis, bullish and bearish considerations, and company and financial overviews.
Buy report
Nordstrom (JWN.N)
CIBC World Markets evaluattes JWNs recent quarterly numbers and the companys new initiatives, which will likely provide upside. Though cautious in its rating, CIBC believes the stock is attractive. It outlines this in its investment discussion and outlook for earnings. Also included is a review of the most recent quarter. (Discounted 50%)
Buy report
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