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(FOOL GLOBAL WIRE) Technology stocks took it on the chin today, so some of Investing For Growth's recent standouts stood somewhere else for a change. No real news affected any of the model portfolio's holdings directly, but even good earnings from Compaq Computer, following Intel's recent blowout numbers, couldn't salvage the day for the gizmos industry. Ironically, one of the portfolio's recent weak links may be gearing up for a good quarterly report. According to a Dow Jones News story, the gaming companies with major footprints in Las Vegas look to be winning the day for this quarter. And among those companies is IFG's MIRAGE RESORTS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MIR)") else Response.Write("(NYSE:MIR)") end if %>. Jason Ader of Bear Stearns predicts that Mirage earned 27 cents a share for the third quarter. Mirage earned 47 cents in the year-earlier period, not reflecting a two-for-one stock split effective June 17, 1996. Just as for Hilton and MGM Grand, increased table game play, room occupation, and room rate pricing should help Mirage. Mirage is expected to report this week, according to First Call. If you tuned in last night to watch the Gardners on CNBC, you were just as disappointed as I to realize they got bumped to tonight's broadcast. Nevertheless, they're still going to be on The Money Club, tonight at 7:00 (eastern), discussing the Dow Dividend Approach (or "the Dogs of the Dow" as CNBC is calling it). Last time they were on, Brenda Buttner wouldn't wear the Fool ball cap Tom offered her. I'd say the odds are 5 to 1 against her wearing the jester's cap this time. (No, I haven't seen a preview of the show yet.) Transmitted: 10/16/96 |
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