Investing For Growth

What You'll Find Here | The IFG Approach Explained | The IFG Statistics Center
Friday, May 17, 1996
The Daily IFG Report (FOOL GLOBAL WIRE) by Robert Sheard (MF DowMan) LEXINGTON, Ky. (May 17): No news for the IFG stocks today, but a couple of interesting changes in the new list of stocks for this week (which you passed on your way into this area). After being relegated to the bottom of the IFG rankings for months because it didn't carry an industry group designation, Paychex <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:PAYX)") else Response.Write("(NASDAQ:PAYX)") end if %> finally joins the top ten group at number 3 (I feel like Dick Clark or that other guy, you know - what's his name with the record count-down and the voice. Yeah, him.) Anyway, Paychex has officially been added to the Financial Services industry group by Value Line, putting it next to our other IFG stock from that group, Green Tree <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %>. In my mind, this is one potential flaw in the original IFG approach. A stock meeting all the criteria for inclusion in the portfolio gets overlooked if it hasn't been assigned to an Industry Group in Value Line's rankings. And this often takes quite some time to get settled. In that case, I believe the Relative Strength approach has an advantage because the industry group ranking is replaced by something measurable for all stocks, the Relative Strength ranking. The other change in this week's rankings occurs off the top ten list, with a stock held in the Relative Strength model. Thermo Electron <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TMO)") else Response.Write("(NYSE:TMO)") end if %> slid off of the High Growth Stocks screen, so it fails to qualify for the IFG list any longer. The stock is still ranked #1 for Timeliness, but its growth rates must have slipped beneath Value Line's cut-off point for that particular screen. Nevertheless, as always, a stock remains in the portfolio holdings until the adjustment date, even if the ratings change in the interim. Look for our detailed weekly updates in the IFG Statistics Center sometime Saturday afternoon. A sneak preview of the IFG (Relative Strength) models though: year-to-date return for the quarterly approach is 23.73% and for the monthly approach, 25.32%. Enjoy your weekend, Fool! Transmitted: 5/17/96	The Current IFG Stocks RoTech Medical <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ROTC)") else Response.Write("(NASDAQ:ROTC)") end if %> Quick & Reilly Group <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BQR)") else Response.Write("(NYSE:BQR)") end if %> Green Tree Financial <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") 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 %> Mirage Resorts <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MIR)") else Response.Write("(NYSE:MIR)") end if %> Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %> Medtronic <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MDT)") else Response.Write("(NYSE:MDT)") end if %> Bio-Rad Labs (ASE:BIO/A) Oracle <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %>
Today's IFG Numbers INVESTING FOR GROWTH MODEL (5/17/96) Day Week Quarter Year History IFG 0.03% 2.84% 8.55% 7.98% 4293.21% DJIA 0.93% 3.07% 1.80% 11.15% 586.20% S&P 500 0.61% 2.58% 3.63% 8.60% 527.97% NASDAQ 0.21% 3.25% 12.76% 18.03% 739.00% Rec'd # Security In At Now Change 1/5/96 3183 CA 56.13 78.25 39.42% 7/8/95 3866 TLAB 48.00 64.25 33.85% 1/5/96 6252 ORCL 28.58 35.13 22.89% 4/5/96 7695 CKP 26.75 32.25 20.56% 4/5/96 4536 BIO/A 45.38 50.63 11.57% 4/5/96 5312 ROTC 38.75 42.00 8.39% 4/5/96 5758 DNEX 35.75 36.50 2.10% 4/5/96 5945 GNT 34.63 33.25 -3.97% 4/5/96 3525 MDT 58.38 53.50 -8.35% 4/5/96 3293 UNH 62.50 55.25 -11.60% Rec'd # Security Cost Value Change 1/5/96 3183 CA $178,645.88 $249,069.75 $70,423.88 7/8/95 3866 TLAB $185,568.00 $248,390.50 $62,822.50 1/5/96 6252 ORCL $178,703.00 $219,601.50 $40,898.50 4/5/96 7695 CKP $205,841.25 $248,163.75 $42,322.50 4/5/96 4536 BIO/A $205,821.00 $229,635.00 $23,814.00 4/5/96 5312 ROTC $205,840.00 $223,104.00 $17,264.00 4/5/96 5758 DNEX $205,848.50 $210,167.00 $4,318.50 4/5/96 5945 GNT $205,845.63 $197,671.25 $(8,174.38) 4/5/96 3525 MDT $205,771.88 $188,587.50 $(17,184.38) 4/5/96 3293 UNH $205,812.50 $181,938.25 $(23,874.25) CASH $274.44 TOTAL $2,196,602.94 Transmitted: 5/17/96
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