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The
Nifty Fifty
The Nifty Fifty
American Express J.C. Penney American Home Products Johnson & Johnson AMP Louisiana Home and Exploration Anheuser-Busch Lubrizol Avon Products Minnesota Mining and Manufacturing (3M) Baxter Labs McDonald's Black & Decker Merck & Co. Bristol-Myers M.G.I.C. Investment
Corporation Burroughs PepsiCo American Hospital Supply Corp. Pfizer Chesebrough-Ponds Philip Morris Cos. The Coca-Cola Company Polaroid Digital Equipment Corporation Procter & Gamble Dow Chemical Revlon Eastman Kodak Schering Plough Eli Lilly and Company Joe Schlitz Brewing Emery Air Freight Schlumberger First National City Bank Sears Roebuck & Co. General Electric Simplicity Patterns Gillette Squibb Halliburton S.S. Kresge Heublein
Brewing Company Texas Instruments IBM Upjohn International Flavors and Fragrances The Walt Disney Company International Telephone and Telegraph Xerox The idea behind the Nifty Fifty is
believed to have come out of the bull market of 1972 when brokerage
firm, Kidder Peabody*, published its first monthly list of high-P/E blue-chip
growth stocks. the market went through, they were
supposed to weather the storm and still make money for investors. The original list,
which sold for between 46 and 92 times trailing earnings, included Wal-Mart, Hewlett
Packard, Automatic Data Processing
and Eli Lilly. How did the original Nifty Fifty
fare over the long term? Not greatest. In 1996 the group only broke even against the S&P 500, were
it not for one exceptional stock, Wal-Mart, which rose 15,854%. * Eventually
acquired by PaineWebber, which was then acquired by UBS Warburg. |
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