August, 2007:

10 Fast-Growing, Large-Cap Stocks

1. Apple (AAPL)
Composite Rating: 99*. Stock fell 14% in four days on talk that the company will cut production of iPods and iPhones, implying weak demand. But the stock found support at its 10-week moving average. And, on the whole, mutual fund ownership continues to rise. 3-year EPS growth rate: 9%.

2. BG Group (BRG)
Composite Rating: 96. The U.K.-based oil and gas giant bounced back from two straight quarters of shrinking earnings with a 40% surge in the second quarter. And the stock just managed to reclaim its crucial 10-week moving average, after a plunge on heavy volume in late July. 3-year EPS growth rate: 39%.

3. Celgene (CELG)
Composite Rating: 94. The developer of cancer and other therapies boasts five straight quarters of triple-digit profit growth. Sales have surged in a range of 61% to 89% the past four periods. And margins have widened from the low-20s to the low-30s. 3-year EPS growth rate: 93%.

4. China Mobile (CHL)
Composite Rating: 98. The wireless company is based in Hong Kong but offers service across the mainland. A late July decline came on high volume, but the stock’s retreat from record highs hasn’t even touched its 10-week moving average. 3-year EPS growth rate: 28%.

5. Freeport-McMoRan Copper & Gold (FCX)
Composite Rating: 99. The copper, gold and silver producer saw earnings dip 10% in the fourth quarter of 2006 from its year-ago comparison. But results bounced back the following two periods to gains of 95% and 104%. Sales gains slowed to 10% in that weak Q4, and have since soared 112% and 307%. Mutual fund ownership surged to 564 funds in the most recent period from 422 a year earlier 3-year EPS growth rate: 165%.

6. Google (GOOG)
Composite Rating: 94. The Internet search giant’s most recent earnings disappointed Wall Street, and the stock suffered. Earnings growth in the past three quarters slowed from 106% to 61% to 43 3-year EPS growth rate: 95%.

7. Mobile TeleSystems (MBT)
Composite Rating: 98. The Russia-based provider of wireless services also reaches a number of former Soviet republics. Sales gains have picked up to the 30s the past four quarters from a previous stretch in the 20s. Profit swelled 156% in the recent report, its best result in several years. 3-year EPS growth rate: 21%.

8. National Oilwell Varco (NOV)
Composite Rating: 99. The Houston-based equipment maker for the oil and gas industry beat views by 25 cents when it reported $1.79 a share in its recent report. The company’s profit has soared in triple digits for three straight quarters. Views for the current period are for an 87% gain. 3-year EPS growth rate: 82%.

9. Oracle (ORCL)
Composite Rating: 95. Stock fell 10%, intraday best to worst, in six straight sessions before snapping back Wednesday. Still, Oracle hasn’t quite regained its 10-week moving average. 3-year EPS growth rate: 25%.

10. Southern Copper (PCU)
Composite Rating: 99. The operator of copper mines and refineries in Peru and Mexico missed views by 3% in report issued last month. Still, the recent quarter’s 66% profit gain was best result in seven quarters. 3-year EPS growth rate: 55%.

Source: http://biz.yahoo.com/special/ibd080607.html

How Speculators Exploit Market Fears

http://finance.yahoo.com/expert/article/yourlife/41148

Wow, this is a great article. What he says makes a lot of sense. The companies are still reporting great profits. I believe the market is being driven down by hedge funds, especially with drops like 100+ points in a single day. That’s what happens when you instill panic in a tight crowd. It’s like shouting fire in a public area.

Last Friday, Dow Jones dropped by more than 200 points and all the investors started running to the exit. There was so much selling, the investors got squeezed out and had to sell lower, thus driving the market down.

Six Figure Salary

Here is a great post about making a six figure salary on My Money Blog. My salary is going up every year. I will be making the six figure salary by next year. In two years, I expect to double my salary from now.

What is your current salary and what is your targeted salary in the next two years?