A Fruitful February for PowerPicks
By Ken Shea and Robert Gold
The -- representing S&P analysts' top picks for the year -- outperformed its benchmark, the S&P 500 index, again in February. For the month, the portfolio posted a total return of 1.95%, vs. a gain of 1.39% for the "500", both including dividends.
Year to date through Feb. 27, the portfolio has beaten the "500" in 2 of 2 months, and posted a superior return of 4.87%, vs. 3.25% for the benchmark index.
The top performers in the portfolio on the month were Caremark (+21%), Quiksilver (+19%), Open Text (+17%), Hologic (+14%), and Indymac Bancorp (+14%). Bringing up the rear in February: Intrado (-17%), Comcast (-12%), Cadence Design (-7%), Constellation Brands (-5%), and Flextronics (-5%).
During the month, 23 portfolio stocks beat the S&P 500, while 17 did not.
About the S&P PowerPicks 2004 Portfolio
The portfolio represents the collective "best ideas" of the Standard & Poor's equity research staff.
Each of the most senior 40 industry analysts on S&P's equity research staff has chosen one of the stocks they follow as the best-positioned for superior growth. The S&P PowerPicks 2004 Portfolio is diversified across all the 10 S&P economic sectors comprising the S&P 500 index.
The portfolio is a "frozen" one, meaning it will undergo no changes throughout the entire year. The objective of the portfolio is to exceed the total return (capital appreciation plus dividends paid) generated by the S&P 500 index during the next 12 months.
For more on the S&P PowerPicks 2004 portfolio, please visit http://www.businessweek.com/investor/content/dec2003/pi20031226_5517_pi071.htm
Shea is director of global equity research, and Gold a senior portfolio group analyst, for Standard & Poor's Equity Research