Important Updates for Investors
Carla Pasternak's Premiere Issue of High-Yield International Just
Released
Income expert Carla Pasternak's debut issue of High-Yield
International covers a Taiwanese manufacturer yielding 9.5%... a
rare Mexican monopoly yielding 13.4%... and other top-performing
investments yielding up to 19.0%.
Government's Biofuel Timetable Could Spell +15,900% Growth
+15,900% growth might seem far-fetched... but it's not. In fact, it
is mandated by law. And I've identified the ONLY stock positioned to
capture this growth.
The
Silver Lining to a Falling Dollar
Despite the U.S. national debt, there is a silver lining for income
investors. This massive spending, combined with movement out of U.S.
Treasuries, is going to take its toll on the dollar, and
international income investors could reap the rewards in the form of
higher dividends. |
|
Exchange-Traded Fund (ETF) Profiles -- SEMICONDUCTOR
HOLDR (SMH)
 The
Semiconductor HOLDR (SMH) is an exchange-traded fund that tracks the
performance of a number of major semiconductor producers and suppliers.
Included in this fund are Intel (INTC), Texas Instruments (TXN) and
Applied Materials (AMAT). Intel comprises more than
23% of the fund's value, while TXN and AMAT each make up about 15% each.
The fund's top 10 holdings account for roughly 85% of its value.
In the past, SMH was an extremely volatile fund. In fact, its average
daily trading range was nearly 5.5% in 2002. Although SMH still trades
with a daily range of about 3%, this is far less volatile than in it has
been in past years. Don't let anybody tell you that the stock market has
been volatile in 2003, as this trend has been apparent in almost every
ETF that I track, as well as in the broad market indices themselves.
SMH is highly correlated with the Nasdaq Composite Index and the
Nasdaq-100, with correlation coefficients of greater than 90% relative
to these two indices. Surprisingly, the fund's correlation to the
Software HOLDR (SWH) is barely over 80%.
Important Reminder: SMH is a HOLDR managed by brokerage giant Merrill
Lynch. These types of funds are a bit different from traditional ETFs in
the way they trade and in their expense ratios. (There are some other
technical issues that you might want to discuss with your tax advisor as
well, after you've read the prospectus.) For example, you cannot buy or
sell less than 100 shares of a HOLDR in any transaction. However, they
are still exempt from the uptick rule (the uptick rule says that you
cannot short a stock unless the last price change in the stock was to a
higher price).
Unlike most other types of funds, which track broad-based indices that
contain hundreds (or some cases even thousands) of stocks, HOLDRS
consist of just a handful of stocks and are designed to track particular
industry groups. Because they only track a few companies, HOLDRS are
very inexpensive to manage. However, because they aren't highly
diversified, HOLDRS tend to be much more volatile than the average ETF.
| Semiconductor
HOLDR (SMH) |
|
|
| Type: |
Sector (Narrow) |
Note:
HOLDRs trade only in 100-share round lots. |
| Similar
funds: |
Technology SPDR (XLK) |
|
|
|
|
Software HOLDR (SWH) |
|
|
|
|
Nasdaq-100 Trust (QQQ) |
|
|
|
| Options?: |
Yes, near the money
fairly liquid |
|
|
|
|
|
|
|
|
| Performance
Data |
|
|
|
|
| YTD High: |
$44.70 |
11/7/2003 |
|
Annualized
return since: |
| YTD Low: |
$20.36 |
2/10/2003 |
|
One-year |
65.27% |
| YTD
Return: |
91.02% |
As of
close 11/14/03 |
Three-year |
-10.21% |
|
|
|
|
Five-year |
N/A |
| Dividends: |
$0.00 |
past 12-mos |
Life of fund* |
-19.76% |
| Expense
Ratio: |
$0.08 per
share per year |
|
*
- Started trading 5/5/2000 |
|
|
|
|
|
|
| Correlation
Data* |
(1/02/02-10/31/03) |
Holdings* |
(as of 11/11/2003) |
| Dow
Jones Industrials |
72.6% |
|
Intel (INTC) |
23.20% |
| S&P
500 |
|
77.3% |
|
Texas Instruments (TXN) |
15.16% |
| Nasdaq
Composite |
90.4% |
|
Applied Materials (AMAT) |
15.09% |
| Nasdaq-100 |
|
91.6% |
|
Analog Devices (ADI) |
6.54% |
|
|
|
|
Maxim Intgtd. Prod. (MXIM) |
5.90% |
| XLK |
|
91.6% |
|
Linear Technology (LLTC) |
4.99% |
| SWH |
|
80.5% |
|
KLA-Tencor (KLAC) |
4.13% |
| QQQ |
|
90.6% |
|
Xilinx (XLNX) |
3.91% |
|
|
|
|
Altera (ALTR) |
3.01% |
|
|
|
|
National Semiconductor (NSM) |
2.91% |
|
|
|
|
* Percent top ten are of total |
84.84% |
|
|
|
|
|
|
| Average
Daily Volume |
|
Average
Daily Price Range |
| Oct-03 |
10,333,639 |
|
|
Oct-03 |
2.8% |
| 2003 YTD |
7,711,410 |
|
|
2003 YTD |
3.6% |
| 2002 |
6,834,401 |
|
|
2002 |
5.4% |
| *
- Correlation measures how closely the two items track each
other |
|
*
Includes prior day's close (true range) |
|
|
Who Cares What the Market is Doing When You're Pulling in $28,900 a
Year in Dividends?
With the safe, growing, high-yield picks that Editor Carla Pasternak
recommends every month you don't have to worry whether or not the
market has bottomed. You can sit back and collect annual dividend
paychecks of $16,300, $19,900 or even $28,900!
You can't go wrong looking into Carla's recommendations. A year from
now, when you've collected as much as $28,900 from dividends alone
you'll be glad you did. Take the first step and,
read this report now.
Seven "Yield Doubler" Stocks That Are Clobbering The Dow
Just 12 trading days before the market hit its 6,500-point low this
year, the "Yield Doublers" portfolio was born. That was
almost 4 months
ago. The Dow has rebounded +12% since then -- but our seven "Yield
Doublers" have clobbered that figure by a factor of up to 9-to-1...
delivering up to +144.2% gains to boot!
Go here to see why you should add these "Yield Doublers" to your
portfolio today.
|
We're
Putting $50,000 on the Line in Our NEW Stock of the Month Portfolio
We're SO confident in this strategy
that we're putting our money where our mouth is... $50,000 worth of it
in fact! That's how much we've put into a brokerage account to fund the
real-money portfolio for StreetAuthority Stock of the Month. Amy
Calistri just made her first purchase, and it's not too late for you to
join in and follow along with everything she does.
Don't
be left on the sidelines, click here to learn more now.
Two
Infrastructure Stocks That Are Profiting From Massive Government
Spending
Since the stimulus package was signed into law on
February 17th, these two infrastructure picks have moved up quickly.
One's a worldwide construction company that's already gained +32% to
date. The other makes critical copper, aluminum and fiber optic
cables... and shot up +41% in a matter of just weeks. Both are headed
higher. You’ll find their names in this special report. |
|
6
Free Months of Bernie Schaeffer's Option Advisor
Learn the secrets of successful options trading from top trader,
Bernie Schaeffer. Start your free 6-month subscription to The Option
Advisor newsletter now and get free online access to Bernie's Crash
Course in Top Gun Trading Techniques.
3
Penny Stocks Poised to Soar 300%
By the time Wall Street notices the 3 picks revealed in this report,
you could be sitting on a fortune. Click
here to get immediate access to an exclusive Free report --
"3 Underground Penny Stocks Poised to Soar."
|
Investor's
Business Daily (IBD)
Get 10 Free Issues of Investor's Business Daily (IBD) – Plus 2
Free Weeks of Investors.com
52 Wins in 52 Weeks - 365 Days Without A Loss
Success Trading Group scored 52 wins in 52 weeks! Get their weekend
newsletters free and register for Success Trading Group's next stock
picks free for 30 days!
|
|
|
|
|
Investing Doesn't Get Any Easier Than This |
Stock picker Amy
Calistri's strategy is as simple as investing gets -- just one idea
a month designed to make money in today's market. Invest this way
and you don't have to worry about oil prices, automaker bailouts, or
what the Fed is up to -- because every "bad" economic development
actually helps some investment or another.Your investing life can
get a lot simpler -- starting today.
Go here to learn about Amy's simple investing strategy.
|
|
|
