Shiv Kapoor

Tuesday Outlook: Commodities, Global Markets

This is in response to your observation "Industry? What Industry?". To date this quarter, 453 companies of the SP500 have reported earnings. Of these 63 are Discretionary, 32 are Staples, 40 are Energy, 79 are Financial, 50 are Healthcare, 56 are Industrials, 61 are IT, 28 are Materials, 9 are Telecom and 35 are Utilities. Over 12% of the total 453 SP500 companies which have reported are industrials. Many of these industrials are global leaders in their field; industry in US is far from dead - the collapse of GM (which was always included in discretionary anyway) has made Americans lose sight of the fact that it has a very powerful industrial sector anyway. In my view The tickers are:
MMM, AVY, BA, BNI, CHRW, CAT, CTAS, CBE, CSX, CMI, DHR, RRD, DOV, DNB, ETN, EMR, EFX, EXPD, FAST, FDX, FLS, FLR
GD, GE, GR, GWW, HON, ITW, IR, IRM, ITT, JEC, LLL, LMT, MTW
MAS, MWW, NSC, NOC, PCAR, PH, PBI, PCP, RTN, RSG, RHI
ROK, COL, R, LUV, SRCL,TXT, UNP, UPS, UTX, WMI.

Wednesday Outlook: Commodities, Global Markets

Been watching your comments on GS. Dunno why I have a bad feeling about this. Cant see anyone, be it a person or a program beating the markets in perpetuity; buy and hold person like Buffet perhaps, trader unlikely. Am hoping GS is not Enron II in the making. In the meantime, I do hope the auditors are exercising extra due diligence.