A Strong Pulse At MedtronicBy
Big is beautiful, says Richard Hughes. That is, large-cap, growth-oriented companies such as Coca-Cola and General Electric are the only stocks Hughes loves--or owns. But since there aren't many such giants around, Hughes, president of Rittenhouse Financial Services, scours the world for the future Cokes and GEs. This big-stock strategy has powered Rittenhouse, acquired by Nuveen in September, to a 19.6% yearly cumulative gain since 1983. Last year, Rittenhouse's 38% gain beat the S&P 500's 33%.
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