Investing For Growth - Tuesday, September 24, 1996

Investing For Growth

What You'll Find Here | The IFG Approach Explained | The IFG Statistics Center

Tuesday, September 24, 1996

The Daily IFG Report

(FOOL GLOBAL WIRE)
by Robert Sheard (MF DowMan)
LEXINGTON, KY. (September 24): Tech stocks continued to rebound today on strength in the semiconductor stocks, and a few of the IFG holdings profited in the excitement. But the real story for the IFG holdings today was brokerage firm Quick & Reilly's disappointing quarterly earnings.

Quick & Reilly posted earnings of $0.74 a share, but analyst were looking for a figure quite a bit higher, $0.89. That's an earnings disappointment of nearly 17%. Ouch!

The spin on what can only be described as a substantial disappointment is worthy of this political season. "Performance of the Quick & Reilly Group continues to be strong in all three of our core businesses," said Leslie C. Quick, Jr., chairman and chief executive officer. "The July dip in the market was a test for our retail investors, but their interest in the market continues to be strong and we are well positioned to serve their needs. At the same time, we continue our efforts to broaden and deepen our relationship with our customers and to add to the client base at Quick & Reilly, Inc. and U.S. Clearing Corp. At JJC Specialist Corp., we were awarded new company listings by the New York Stock Exchange during the quarter on the basis of performance."

The Federal Reserve opted not to change interest rates at today's Open Market Committee meeting, bucking the Street's consensus forecast. Overall, though, the meeting was essentially a non-event for stocks today. The market bounced a bit right after the announcement was made, but quickly settled back to its earlier levels. As usual, earnings announcements tend to be the real sustained movers behind stocks these days.

That's all the news regarding IFG stocks today. Stay Foolish!

Transmitted: 9/24/96

The Current IFG Stocks

Coca-Cola
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:KO)") else Response.Write("(NYSE:KO)") 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 %>
Nautica Enterprises
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:NAUT)") else Response.Write("(NASDAQ:NAUT)") end if %>
Nike
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:NKE)") else Response.Write("(NYSE:NKE)") end if %>
Tellabs
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %>
ADC Telecom
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ADCT)") else Response.Write("(NASDAQ:ADCT)") end if %>
Mirage Resorts
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MIR)") else Response.Write("(NYSE:MIR)") end if %>
SCI Systems
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:SCIS)") else Response.Write("(NASDAQ:SCIS)") end if %>
Claire's Stores
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CLE)") else Response.Write("(NYSE:CLE)") end if %>

Today's IFG Numbers

INVESTING FOR GROWTH MODEL (9/24/96) Day Week Quarter Year History IFG -0.05% -0.28% 6.79% 14.32% 4551.04% DJIA -0.35% -0.25% 3.88% 14.79% 608.70% S&P 500 -0.13% -0.21% 2.23% 11.31% 543.64% NASDAQ 0.31% -0.36% 2.55% 15.50% 721.02% Bought # Stock In At Now Change 7/8/95 3866 TLAB 48.00 74.38 54.95% 7/5/96 5077 SCIS 39.88 55.63 39.50% 4/5/96 7695 CKP 26.75 36.75 37.38% 7/5/96 4562 COMS 44.38 56.63 27.61% 7/5/96 4153 PAYX 48.75 58.88 20.77% 7/5/96 8756 MIR 23.13 24.63 6.49% 7/5/96 4394 HWP 46.06 48.38 5.02% 7/5/96 6693 NRES 30.25 28.81 -4.75% 7/5/96 6402 BQR 31.63 27.50 -13.04% 4/5/96 10624 ROTC 19.38 16.13 -16.77% Bought # Stock Cost Value Change 7/8/95 3866 TLAB $185,568.00 $287,533.75 $101,965.75 7/5/96 5077 SCIS $202,445.38 $282,408.13 $79,962.75 4/5/96 7695 CKP $205,841.25 $282,791.25 $76,950.00 7/5/96 4562 COMS $202,438.75 $258,323.25 $55,884.50 7/5/96 4153 PAYX $202,458.75 $244,507.88 $42,049.13 7/5/96 8756 MIR $202,482.50 $215,616.50 $13,134.00 7/5/96 4394 HWP $202,398.63 $212,559.75 $10,161.13 7/5/96 6693 NRES $202,463.25 $192,842.06 $(9,621.19) 7/5/96 6402 BQR $202,463.25 $176,055.00 $(26,408.25) 4/5/96 10624 ROTC $205,840.00 $171,312.00 $(34,528.00) CASH $1,568.06 TOTAL $2,325,517.62 Transmitted: 9/24/96

Main
Page
Fools &
Their Money
Hall of
Portfolios
Investing
Foolishly
Daily
News
Stock
Research
Foolish
Games

Copyright©1996, The Motley Fool
All Rights Reserved.
This material is for personal use only.
Republication and redissemination, including posting to news groups,
is expressly prohibited without the prior written consent of The Motley Fool, Inc.