Investors find shine in Dow's 'old economy'

Article Abstract:

Stock market investors have renewed their interest in 'old economy' companies by buying the stocks of tobacco firms, banks, home builders and healthcare establishments. Among the non-technology companies whose stock prices have surged are Philip Morris, JP Morgan and DuPont. A market analyst said the switch to value stocks is a positive sign that investors are lessening their exposure to high P-E stocks and are now favoring low P-E stocks.

Investors

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Investors bet on Bush in White House

Article Abstract:

The presidential election is having its effect on Wall Street. Stocks that investors think will do well if Bush wins have gone up on Nov 6, 2000. Merck and Pfizer, the pharmaceutical companies that Al Gore has criticized for charging too much, experienced increases in share prices. Microsoft, which has been the target for the Clinton administration for antitrust violations, has also seen its share price rise.

Public affairs

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Investors punish two-time losers

Article Abstract:

Investors lose their confidence in stock companies after two or more quarter profit warning announcements. Stocks may slacken after a profit warning but a back-to-back warning will ensure not only a sharp drop but also a very slow recovery. Some of the high-profile companies whose stocks experienced multiple disappointments include Conseco, Dillard's McKesson HBOC, Carnival and Procter and Gamble.

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