Stock splits are always nice, but big gains don't always follow

The Ticker

June 09, 1999|By Julius Westheimer

DO YOU make money when a stock splits? Not necessarily. "Generally, you see gains of 3 to 5 percent short-term, but no sure thing after that," Kiplinger Washington Letter says.

"Stocks about to split: Pfizer Inc., Kroger Co., Cisco Systems Inc., Southwest Airlines Co., Cablevision Systems Corp. and Sprint Corp."

MARKET WATCH: "When did you last hear anyone talking about a `hot' mutual fund? There just aren't many. With the day-trading craze, people don't care about funds like they used to." (Fortune magazine)

"There's no way to predict if the market will correct. Best strategy: Own a high quality, diversified portfolio." (Kim Goodwin, American Century Fund)

"Stock market looks dangerous. Fundamental underpinnings are receding. Danger is great for a nasty decline into July." (Kirkpatrick Monthly Overview)

"When wondrous potentials foreseen by Wall Street don't occur, Wall Street's wrath strikes most harshly on those issues kited by its own enthusiasm and greed." (Gifford Report)

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