Kerkorian bid energizes stock market

THE TICKER

April 13, 1995|By JULIUS WESTHEIMER

Energized by the $55-per-share takeover bid for Chrysler Corp. by billionaire investor Kirk Kerkorian, U.S. stocks climbed higher yesterday in heavy trading. The Dow Jones industrial average ended up 10.73 points, at 4,197.81, and the Nasdaq composite index and Standard & Poor's 500 both set new highs.

Speaking of stocks, these issues are recommended by three or more mutual fund newsletters that have beaten the market over five years: Cobra Golf, Disney, Helix Technology, Hewlett Packard, Hologic, JLG Industries, Kronos, Merck, Microsoft, Oracle Systems, Pacific Scientific and Tellabs.

Top-performing mutual fund letters for the five-year period are, with percentage gains in parentheses, in order, Timer Digest (213), Stockmarket Cycles (149), Fidelity Monitor (125), Fundline (112) and Scott Letter (94). Data from Hulbert Financial Digest.

HOW'S YOUR MEMORY? Local businesses spend hundreds of thousands of dollars on advertising slogans. How many of these can you identify? (1) You Expect More From a Leader. (2) We're the Deal-Maker. (3) Invest With Confidence. (4) Home of Serious Steaks. (5) The Cheapest Guy in Town. (6) Where Service is State of The Art. (7) Just the Name Makes You Feel Better. (8) The Smart Shuttle. (9) Where the News Comes First. (10) If You Can't Trust Moses, Who Can You Trust? (Read on for answers.)

MARYLAND MEMOS: Procter & Gamble, which has two facilities in this area, is listed under "Core Stocks For Long-Term Capital Appreciation" in a recent S.& P. Outlook.

Tomorrow night, "Wall Street Week With Louis Rukeyser" spotlights bank stocks with guest Frank R. DeSantis Jr., vice president, Donaldson, Lufkin & Jenrette, and panelists Ralph Acampora, Harvey Eisen and Mary Farrell.

Did you know that Martin Thrasher, 43, president of Campbell Soup's U.S. soup unit, is a veteran of McCormick & Co.? Joining Campbell's in 1988, Thrasher boldly changed the unit's slogan from "M-m! M-m! Good!" to "Never Underestimate the Power of Soup." (Data from Money, March)

GETTING RICHER: "How To Force Yourself To Get Richer" in Dollar Stretching Ideas carries these valuable suggestions:

"Put found money to work. When you get a windfall, large or small, don't spend all of it. Invest it. That way, you'll keep ahead of inflation.

"Take care of big expenses ahead of time, like college outlays, which will cost $100,000 in the not-too-distant future. The best way: zero-coupon bonds. To come up with $100,000, you'll need $22,000, which most people do not have. Borrow the money if necessary.

"Pay down the mortgage. Consider it another way to save. By paying extra each month, you'll shorten the time it takes to pay your mortgage off."

More on this next Tuesday.

QUIZ ANSWERS: (1) Amoco. (2) Heritage Automotive Group. (3) T. Rowe Price. (4) Ruth's Chriss Steak House. (5) Luskin's (6) Circuit City. (7) Johns Hopkins Medicine. (8) Amtrak. (9) WBAL Radio. (10) Moses Morris Jr., O'Conor, Piper & Flynn.)

NOTES & QUOTES: "Investors lose money in penny stocks 70 percent of the time -- even if no fraud is involved." (Kiplinger's Personal Finance magazine, May.)

Baltimore's Frank Cappiello, chairman, Cappiello-Rushmore Funds, is written up in the same issue. His favorite domestic stock is H&Q Healthcare Investors, his favorite foreign selection is Global Privatization.

FINAL REMINDER: One week from today, Thursday, April 20, I will give a free talk on "How To Make Your Money Grow" at 10;30 a.m. at the Convention Center. This is part of Warfield Business Report's "Mid-Atlantic's Business Expo '95." For reservations, phone 752-1717. Bring pencil and paper. Plenty of time for questions. No admission fee.

LAST LINES: "Since today's interest rates may be about the highest investors will see for some time, our advice to income investors is to tuck a couple of well-chosen zero-coupon bonds in your portfolio and lock in today's juicy yields. 'Zeros' pay no current interest; instead, you buy the bonds at a discount and receive their face value at maturity." (Money, April.) See your broker for specific offerings.

"The average U.S. wedding costs a stunning $15,400 these days," says Kiplinger's Personal Finance magazine, May. The story concerns a Pylesville couple "who saved a bundle" on wedding expenses. The article, "Till Debt Do Us Part," and subtitled, "The bills from an expensive wedding are just what a new marriage doesn't need," gives specifics about how families can control wedding costs.

"T. Rowe Price Small Cap Value Fund (800-638-5660) has done especially well in the past three years, and returned an annualized 14.1 percent over the past five years with below-average volatility." (Kiplinger's Personal Finance magazine, May.)

"Never get so busy making a living that you forget to make a life." (Bits & Pieces.)

"A problem shared is a problem halved." (E.B. White.)

"There's many a pessimist who got that way by financing an optimist." (Robert Orben, humorist.)

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