The Daily Workshop Report
by Robert Sheard (TMF Sheard)

LEXINGTON, KY. (June 20, 1997) -- Technology stocks have been the story of 1997 in a forked-tongue way. Some of the better-known stocks, the household names like DELL <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: DELL)") else Response.Write("(Nasdaq: DELL)") end if %>, MICROSOFT <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: MSFT)") else Response.Write("(Nasdaq: MSFT)") end if %>, and COMPAQ <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: CPQ)") else Response.Write("(NYSE: CPQ)") end if %>, have had fabulous runs so far, despite an overall small-cap and technology sector that has lagged the larger market.

A couple of months ago I mentioned a large-cap technology strategy where one takes the largest hi-technology companies (15 or so) and then select the ones with the highest Relative Strength. So far in 1997, such an approach has been tremendously effective. Here are the five I mentioned originally and how they've performed since January:

Dell 126%
Intel 13%
Seagate Tech -7%
Microsoft 59%
Compaq 46%

Total 47%
S&P 500 22%

For those of you following the database on your own, here are the changes to the database stocks for next week:

Deletions
Adaptec (ADPT)
Dress Barn (DBRN)
Rexel (RXL)
TAB Products (TBP)

Additions
CKE Restaurants (CKR)
Manitowac (MTW)
Northern Trust (NTRS)
Pier 1 Imports (PIR)

Monthly Growth Screens
(Jan. 3 to present)
34.96%  Relative Strength  
20.14%  S&P 500 Index  
12.48%  Low Price/Sales  
 2.52%  Investing for Growth  
 1.84%  Unemotional Growth  
-3.34%  YPEG Potential  
-8.51%  EPS Plus RS  
-18.74%  Formula 90  

Annual Value Screens
(Jan. 1 to present)
20.91%  Dow Jones Ind Avg  
19.76%  Dogs of the Dow  
13.71%  Beating the S&P  
11.15%  Unemotional Value  
11.15%  Beating the Dow  
 9.00%  Dow Combo  
 4.09%  Foolish Four