(FOOL GLOBAL WIRE)
LEXINGTON, Ky. (July 18): A slow news day for the Investing For Growth portfolios, yet it was another day of solid recovery after the wickedly abrupt 20% correction for the Nasdaq. If we can have another few days like today, the Classic IFG portfolio might just climb back into positive territory for 1996.
The Relative Strength models also bounced again today. The Quarterly Model is up 14.9% for 1996 and the Monthly Model is up 18.5%. If you would like more details on how the Relative Strength variation is set up or wish to follow along with the 1996 models and weekly updates, visit the IFG Statistics Center.
Mirage Resorts <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MIR)") else Response.Write("(NYSE:MIR)") end if %> made a deal with the State of Mississippi today to give up 4,225 acres of wetlands preserve in exchange for 6.8 acres of beachfront property the company needs to build a new casino complex.
Mississippi Secretary of State Eric Clark said the preserve will serve as a habitat for migratory and state birds as well as coastal plants and wildlife. Clark expects it to be a boon for the state's seafood industry. The new resort will be called Beau Rivage ("beautiful shore").
And making something of a recovery since its recent warning, Hewlett-Packard <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:HWP)") else Response.Write("(NYSE:HWP)") end if %> announced that it will invest 218 million Irish pounds in its inkjet printer cartridge manufacturing center in Leixlip, Kildare.
State industrial development authority IDA Ireland supported the investment, which will create a further 836 jobs at the plant, bringing Hewlett-Packard's total investment in the Leixlip plant to 320 million Irish pounds.
Hang in there Classic IFGers; 1996 may turn out okay yet.
Transmitted: 7/18/96 | ||||||||
INVESTING FOR GROWTH MODEL (7/18/96) | ||||||||
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