Silke
28.12.2000, 09:55
...perfomed out! Nachfolgend die Sektoraufstufung vom 20.12.2000 mit den dazugehörigen Companies!
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MM
We are upgrading the beverage sector to Market Outperform based on strong fundamentals in the brewers/distillers group and continued defensive rotation by investors. The best performers in our universe have been the alcoholic beverage producers, and as you probably know, that says more about confidence in the overall market than the fundamentals of the brewers/distillers. Financials, techs, communications, retailers, you name it, they've all been going lower. Defensive plays -- healthcare providers, drugs, tobacco, food, beverages and even gold stocks are where the money is hiding. However, fundamentals are strong in the alcoholic beverage sector, especially in the brewers. Coors (RKY) has turned in a very strong performance over the past few months, gaining about 25% while the S&P 500 posted a 12% loss. Winemaker Robert Mondavi (MOND) and Anheuser Busch (BUD) have also done well in relative terms, rising approximately 11% and 7%, respectively. As for the non-alcoholic beverage sector, the stocks have benefitted from the defensive rotation despite mixed operating results among the larger players. Coca-Cola (KO) recently announced worldwide case unit volume growth of 3% for Q4, below analyst estimates of 4-6%, but above our estimate of 2% due to unexpected relative strength in Asia and Latin America during a weak quarter in North America and Europe. Nevertheless, KO is up about 12% in the past three months, outperforming the S&P 500 by about 24%. PepsiCo (PEP) performed even better, outpacing the S&P by almost 30%. PEP remains the preferred vehicle in soft drinks, as the Quaker (OAT) acquisition , although expensive, will lead to higher volume growth long-term. Still tough comps from Y2K parties last year for the alcoholic beverage stocks, but given the blood on the Street, don't expect investors to care too much in their search for a safe haven. We raise our rating to 5 stars as beverages will continue to outperform the broad market.
Stockshttp://www.stock-channel.net/Board/smilies/smilewinkgrin.gifnheuser Busch (BUD), Cadbury Schweppes (CSG), Coca-Cola (KO), Coca-Cola Enterprises (CCE), Coors (RKY), Constellation Brands (STZ), Robert Mondavi (MOND), PepsiCo (PEP), Seagram (VO), Triarc Companies (TRY), Whitman (WH).
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http://www.stock-channel.net/Board/smilies/smile.gif
MM
We are upgrading the beverage sector to Market Outperform based on strong fundamentals in the brewers/distillers group and continued defensive rotation by investors. The best performers in our universe have been the alcoholic beverage producers, and as you probably know, that says more about confidence in the overall market than the fundamentals of the brewers/distillers. Financials, techs, communications, retailers, you name it, they've all been going lower. Defensive plays -- healthcare providers, drugs, tobacco, food, beverages and even gold stocks are where the money is hiding. However, fundamentals are strong in the alcoholic beverage sector, especially in the brewers. Coors (RKY) has turned in a very strong performance over the past few months, gaining about 25% while the S&P 500 posted a 12% loss. Winemaker Robert Mondavi (MOND) and Anheuser Busch (BUD) have also done well in relative terms, rising approximately 11% and 7%, respectively. As for the non-alcoholic beverage sector, the stocks have benefitted from the defensive rotation despite mixed operating results among the larger players. Coca-Cola (KO) recently announced worldwide case unit volume growth of 3% for Q4, below analyst estimates of 4-6%, but above our estimate of 2% due to unexpected relative strength in Asia and Latin America during a weak quarter in North America and Europe. Nevertheless, KO is up about 12% in the past three months, outperforming the S&P 500 by about 24%. PepsiCo (PEP) performed even better, outpacing the S&P by almost 30%. PEP remains the preferred vehicle in soft drinks, as the Quaker (OAT) acquisition , although expensive, will lead to higher volume growth long-term. Still tough comps from Y2K parties last year for the alcoholic beverage stocks, but given the blood on the Street, don't expect investors to care too much in their search for a safe haven. We raise our rating to 5 stars as beverages will continue to outperform the broad market.
Stockshttp://www.stock-channel.net/Board/smilies/smilewinkgrin.gifnheuser Busch (BUD), Cadbury Schweppes (CSG), Coca-Cola (KO), Coca-Cola Enterprises (CCE), Coors (RKY), Constellation Brands (STZ), Robert Mondavi (MOND), PepsiCo (PEP), Seagram (VO), Triarc Companies (TRY), Whitman (WH).
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Briefing.com subscribers can review ratings at any time for all of the sectors highlighted in the table above