Investing For Growth

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Wednesday, April 10, 1996
The Daily IFG Report (FOOL GLOBAL WIRE) by Robert Sheard (MF DowMan) LEXINGTON, Ky. (Apr. 10): Despite the swift and mighty sell-off in the DJIA, some technology stocks fared reasonably well today, with the Nasdaq Composite only dropping a few points. One such bright spot was Tellabs, a carry-over stock from last quarter's IFG portfolio. Tellabs is now in its third quarter as an IFG stock and is just starting to show a gain for the portfolio after lagging for many months. Today's earnings release bodes well for the company's - and the stock's - future. Analysts were expecting $0.32 per share for the quarter, but Tellabs managed to beat that by two cents. Duff & Phelps analyst James McIlree stressed that "business was strong across the board for them." And Oppenheimer analyst Steven Levy boosted his estimates for 1996 to $1.65 per share from $1.62. For 1997, he raised them from $2.06 to $2.10. Levy was particularly pleased to see Tellabs' typically weak March quarter come in above estimates. In a bit of analyst guiding, Medtronic's chief financial officer, Robert Ryan, told analysts that he's comfortable with the $1.87 earnings estimates the Street has for FY 1996 (ending in April). "As a company, we don't forecast earnings," Ryan said. "But I will say I'm comfortable with this estimate." He went on to say that Medtronic "will achieve revenues this year of $2.2 billion." In a coda to yesterday's stories on Oracle, SoundView analyst Jim Mendelson lowered his short-term rating on the software company's stock from Buy to Hold. Long-term, the rating remains a Buy and Mendelson left his earnings estimates at $1.53 for 1996 and $2.00 for 1997. In the Relative Strength portfolio, Thermo Electron <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: TMO)") else Response.Write("(NYSE: TMO)") end if %> has signed a letter of intent to acquire SensorMedics Corporation, a privately held manufacturer of medical equipment based in Yorba Linda, California. SensorMedics specializes in systems for pulmonary function diagnosis, including high-frequency ventilation for pediatric and neonatal use. Reported sales for SensorMedics in 1995 totaled $62.8 million. The Relative Strength models (both the monthly and quarterly versions) actually bucked the market and gained a fraction today. That's what we hope to see on down days. Transmitted: 4/10/96	The Current IFG Stocks Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %> Green Tree Financial <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %> United Healthcare <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:UNH)") else Response.Write("(NYSE:UNH)") end if %> Oracle <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %> Checkpoint Systems <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %> Dionex <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:DNEX)") else Response.Write("(NASDAQ:DNEX)") end if %> Medtronic <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MDT)") else Response.Write("(NYSE:MDT)") end if %> RoTech Medical <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ROTC)") else Response.Write("(NASDAQ:ROTC)") end if %> Bio-Rad Labs (ASE:BIO/A) Computer Associates <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CA)") else Response.Write("(NYSE:CA)") end if %>
Today's IFG Numbers INVESTING FOR GROWTH (4/10/96) Day Week Quarter Year History IFG -0.16% -2.74% -1.49% -2.01% 3886.77% DJIA -1.34% -3.46% -1.81% 7.21% 561.89% S&P 500 -1.35% -3.41% -1.86% 2.85% 494.72% NASDAQ -0.35% -1.16% 0.36% 5.05% 646.72% Rec'd # Security In At Now Change 1/5/96 3183 CA 56.13 69.63 24.05% 7/8/95 3866 TLAB 48.00 51.75 7.81% 1/5/96 4168 ORCL 42.88 43.25 0.87% 4/5/96 4536 BIO/A 45.38 45.50 0.28% 4/5/96 5312 ROTC 38.75 38.50 -0.65% 4/5/96 7695 CKP 26.75 26.25 -1.87% 4/5/96 5758 DNEX 35.75 34.50 -3.50% 4/5/96 5945 GNT 34.63 32.63 -5.78% 4/5/96 3525 MDT 58.38 54.88 -6.00% 4/5/96 3293 UNH 62.50 58.38 -6.60% Rec'd # Security Cost Value Change 1/5/96 3183 CA $178,645.88 $221,616.38 $42,970.50 7/8/95 3866 TLAB $185,568.00 $200,065.50 $14,497.50 1/5/96 4168 ORCL $178,703.00 $180,266.00 $1,563.00 4/5/96 4536 BIO/A $205,821.00 $206,388.00 $567.00 4/5/96 5312 ROTC $205,840.00 $204,512.00 $(1,328.00) 4/5/96 7695 CKP $205,841.25 $201,993.75 $(3,847.50) 4/5/96 5758 DNEX $205,848.50 $198,651.00 $(7,197.50) 4/5/96 5945 GNT $205,845.63 $193,955.63 $(11,890.00) 4/5/96 3525 MDT $205,771.88 $193,434.38 $(12,337.50) 4/5/96 3293 UNH $205,812.50 $192,228.88 $(13,583.63) CASH $274.44 TOTAL $1,993,385.94 Transmitted: 4/10/96
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