Hovnanian Exits the S&P Top 10

Biotech outfit IDEC Pharmaceuticals replaces the homebuilder in the portfolio of S&P's best investment ideas

On Dec. 5, Standard & Poor's equity research group made a change to the S&P Top 10 portfolio -- those issues it considers to be the best candidates for capital gains over the next 6 to 12 months. Biotech outfit IDEC Pharmaceuticals (IDPH ) will replace homebuilder Hovnanian (HOV ).

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