Earnings ahead!
...resting up on a slow news day.
(FOOL GLOBAL WIRE)
by Greg Markus (TMF Boring)
ANN ARBOR, Mich. (July 8, 1998) -- Despite weakness in so-called Internet stocks, the Nasdaq roared ahead 1.43% to establish a new high Wednesday. The S&P 500 gained 1.01% to set its own new record.
The Boring Portfolio rose a more modest 0.67% -- not a new high by any means but enough to bring July's gains to date to +3.16% -- better than either of the benchmark indices.
Despite all the rockin' and rollin' in the market, there was not a lick of news today on any Borefolio holdings -- that is, if you discount (as I do) various stories comparing the market capitalization of online bookseller and Foolfolio holding Amazon.com (Nasdaq: AMZN) to those of its more senior competitors, Barnes & Noble (NYSE: BKS) and our own Borders Group (NYSE: BGP).
Borders shares quietly rose $1/2 to $38 5/8.
Tuesday's Boring recap included a summary of my conversation with the lead guy responsible for developing Borders.com, Borders senior vice president of e-commerce and fulfillment Rick Vanzura. If you missed it and have an interest in Borders or in e-commerce generally, I invite you to click back to it.
Another place worth clicking over to is Ben Heskett's story about the latest developments at Cisco Systems (Nasdaq: CSCO). Heskett writes for CNET's (Nasdaq: CNWK) News.com, and I've learned a good deal from his periodic updates on Cisco and the networking industry.
This week, Heskett covers a topic much on my mind and one that's been discussed a good deal in this column and in the Cisco section of The Motley Fool's community area on America Online (NYSE: AOL) and the Web -- namely, Cisco's entry into the world of voice communications.
Actually, as Heskett points out, folks at Cisco insist that it's less of case of Cisco entering a new market than it is one of the market coming to Cisco. They've got a point. After all, the world is transitioning from "legacy" circuit-switched telephony to The Kid's own turf of packet-switched communications.
With little else to report today, I hope to make the most of what's left of a fine summer evening... and rest up for when the deluge of quarterly earnings begins to wash over the Borefolio next week.
So far, I know that we've got Andrew Corp. (Nasdaq: ANDW) and Pentair (NYSE: PNR) reporting on Thursday, July 16. Carlisle Companies (NYSE: CSL) typically releases its second quarter results around then, as well -- although I have no firm date for their report as of yet. Atlas Air (NYSE: CGO) will probably be winging in right behind that group, and FelCor (NYSE: FCH), too.
Busy, busy.
Stock Change Bid ANDW --- 18.06 CGO - 1/2 37.50 BGP + 1/2 38.63 CSL +1 1/8 45.69 CSCO +1 1/2 94.19 FCH + 1/4 32.25 PNR - 1/2 42.50 TBY - 5/16 8.75 |
Day Month Year History
BORING +0.67% 3.16% 7.58% 35.36%
S&P: +1.01% 2.87% 20.19% 87.63%
NASDAQ: +1.43% 2.15% 23.24% 85.92%
Rec'd # Security In At Now Change
2/28/96 400 Borders Gr 11.26 38.63 243.14%
6/26/96 150 Cisco Syst 35.93 94.19 162.12%
8/13/96 200 Carlisle C 26.32 45.69 73.55%
3/5/97 150 Atlas Air 23.06 37.50 62.63%
4/14/98 100 Pentair 43.74 42.50 -2.84%
5/20/98 400 TCBY Enter 10.05 8.75 -12.89%
11/6/97 200 FelCor Sui 37.59 32.25 -14.21%
1/21/98 200 Andrew Cor 26.09 18.06 -30.77%
Rec'd # Security In At Value Change
2/28/96 400 Borders Gr 4502.49 15450.00 $10947.51
6/26/96 150 Cisco Syst 5389.99 14128.13 $8738.14
8/13/96 200 Carlisle C 5264.99 9137.50 $3872.51
3/5/97 150 Atlas Air 3458.74 5625.00 $2166.26
4/14/98 100 Pentair 4374.25 4250.00 -$124.25
5/20/98 400 TCBY Enter 4018.00 3500.00 -$518.00
11/6/97 200 FelCor Sui 7518.00 6450.00 -$1068.00
1/21/98 200 Andrew Cor 5218.00 3612.50 -$1605.50
CASH $5528.69
TOTAL $67681.82
