TMF Selena is scoffing at Fortune's "10 Stocks for the Next Decade" which were picked in 1999. Following are the stocks and their performance since 7/19/00. (Don't know why they picked that starting date when the stocks were picked in 1999.)
Broadcom (BRCM) -80%
Charles Schwab (SCH) -58%
Enron -100%
Genentech (DNA) +157%
Morgan Stanley (MWD) -36%
Nokia (NOK) -67%
Nortel Networks -96%
Oracle -66%
Univision -46%
Viacom -49%
Average -44%
S&P 500 -18%
I'm not really super-bullish on any of these stocks (though I actually own three of them in varying amounts), but I'd bet overall they'll be up five years from now. Well maybe not Enron. Stay tuned.
No comments:
Post a Comment