Welcome to week 57 of my stock-picking throwdown with Mr. Market. Let's get right to the numbers:
Company |
Starting Price* |
Recent Price |
Total Return |
---|---|---|---|
Akamai |
$22.23 |
$18.11 |
(18.5%) |
Harris & Harris |
$6.22 |
$6.09 |
(2.1%) |
IBM |
$126.39** |
$117.67 |
(6.9%) |
Oracle |
$22.64** |
$22.76 |
0.5% |
Taiwan Semiconductor |
$9.81** |
$11.13 |
13.5% |
AVERAGE RETURN |
-- |
-- |
(2.70%) |
S&P 500 SPDR |
$123.67** |
$104.79 |
(15.27%) |
DIFFERENCE |
-- |
-- |
12.57 |
Source: Yahoo! Finance.
* Tracking began on Aug. 7, 2008.
** Adjusted for dividends and other returns of capital.
Hey, Mr. Market: I'm baaaaaaaack.
A good week for the S&P 500 was better for my tech portfolio, but the week didn't lack controversy. The president's pitch for health-care reform in front of Congress drew praise, criticism, and even a heckler in South Carolina's Joe Wilson.
The debate still rages, to the point that at least one Fool wonders whether we ought to blame Canada for high drug prices. Crazy, you say? Perhaps. Either way, reform seems inevitable at this point. How much reform we'll see -- and what it will cost drugmakers such as Pfizer
Perhaps it's ironic that we're staring down this health-care crisis -- you know it's a crisis when hecklers get involved -- on the one-year anniversary of the global financial meltdown. Banks that had existed for decades were wiped out in a matter of weeks last September. Bank of America
So is the whole banking sector. Even though most financial institutions are better-capitalized today than they were one year ago, risk remains, as Foolish colleague Alex Dumortier points out here. At the very least, Fannie Mae and Freddie Mac will always be "too big to fail," which puts tax dollars at risk without the promise of reward. Talk about a rotten deal.
The week in tech
iPod lovers got a much better deal this week, with several announced upgrades to Apple's
Advanced Micro Devices
Of course, marketing is an esoteric process, and change rarely comes quickly. That's why tech investors do best when they're patient. Look at David Gardner. He produced a decade of 20% returns in the real-money Rule Breaker portfolio by sticking with innovators. Tom Gardner's "simpleton portfolio" was also a 10-year winner. I believe that, with these five tech stocks, I will achieve similar success.
Checkup time!
Now let's move on to the rest of today's update:
- Tiny tech investor Harris & Harris this week set the schedule for its forthcoming "Meet the Portfolio Day" for Oct. 7 in San Francisco. Executives from 16 of its portfolio companies will be presenting.
- Oracle CEO Larry Ellison proclaimed his company's commitment to the hardware business it's (possibly) acquiring from Sun Microsystems in a full-page ad in yesterday's edition of The Wall Street Journal. Ellison's money quote: "IBM, we’re looking forward to competing with you in the hardware business."
There's your checkup. See you back here next week for more tech stock talk.
Get your clicks with more techie Foolishness:
- Read the bullish case for Sirius XM.
- Then, read the bearish case.
- The Pre gets a mini-me.