Biotech funds emerge as potential bargains after long downturn
Biotech mutual funds, long mired in a bear market, show signs of value as 1994 midyear losses ease. Fideli ty Select Biotechnology Fund assets fell from 680 million to 481 million since 1992, while Putnam Health Sciences Trust dropped from 970 million to 691 million. Analysts note volatility persists amid political uncertainty, but some see renewed opportunity as technology advances and fund diversification offers protection.
MENTIONED IN THIS ARTICLE
Lipper Analytical Services Inc
Fidelity Select Biotechnology Fund
Putnam Health Sciences Trust
Oppenheimer Global Bio-Tech
Wall Street
Biotech
James Grant
Grant
Grant’s
Norman Fosback
Market Logic Advisory
Local Stocks Up In Weekend Market Update
Local market note shows stocks 9100 and 6730 figures with a tease for a full market wrapup in Saturday Journal World. Mentions dial number 865-5000 for more details.
MENTIONED IN THIS ARTICLE
Journal-World
Daily Market Update from Midland and Nearby Cities
This morning quotations cover Midland elevations for wheat 3.31, corn 2.13, milo 3.56, soybeans 5.55 with Omaha NEB listings showing hogs steady to mixed, CME-delivery loads at 43.50, sows softer, and varied weights. St Joseph notes higher barrows and gilts amid Iowa movement while Dopee Crry reports slow cattle trade, and nonferrous metals retreat with copper at 1.19, lead 0.38, zinc 0.4798-0.5050, and precious metals near 387-413 per ounce. Rates from Commerce Bank of KC as of 8 am.
MENTIONED IN THIS ARTICLE
Midland
Omaha, Neb
Usda
Omaha
U.S
CME
St. Joseph
Interior Iowa
Handy & Harman
Comex
Mercury
New York
N.Y
Ford reports record quarterly earnings of 1.71 billion
Ford Motor Co. posted an all time high quarterly profit of 1.71 billion for the three months ending in June, equaling 1.63 a share. Strong U.S. demand and a bounce back in Europe drove revenue to 33.8 billion, up 14.8 percent from 1993.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Ford
U.S
David N. McCammon
Hallmark Forms Hallmark Entertainment to Expand TV Reach
Hallmark Cards Inc forms Hallmark Entertainment Inc to oversee Signboard Hill Productions and RHI Entertainment. Robert Halmi Jr becomes president and CEO. The unit aims to produce over 40 network projects this year, including the eight hour Scarlett. Hallmark’s Lawrence Kansas plant remains the city’s largest private employer.
MENTIONED IN THIS ARTICLE
Kansas City
Hallmark Cards Inc
Hallmark Entertainment Inc
Signboard Hill Productions
RHI Entertainment Inc
Hallmark Enterprises Inc
Robert Halmi Jr
RHI Entertainment
Hallmark Entertainment
Hallmark Entertain
Halmi
Hallmark
RHI
Scarlett
Lawrence
Kanki
First-time jobless claims fall to four month low
Washington AP report notes initial claims for state unemployment benefits dropped to a seasonally adjusted 331,000 for the week ended July 23, down from 390,000. The decline followed seasonal auto and textile layoffs and was the largest in five months, with a four-week moving average at a three week low.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Auto
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Journal-Worth
Jim Christian
Lawrence Home Builders Assn
North Second Street
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HBA
Ans
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Perera
Buckle Inc
Casey's Release
Goodyear
Hercules
Kmart
Kroger
Labone
Seaainaner
Lone Star Sticks
Mercantile
Merck
NPC
O'Reilly Auto
JC Penney
Pepsico
Quaker
Sallie Mae
Santa Fe
Sealright
Sears
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TRW
Trinova
UtiliCorp
Wal-Mart
Western Res
Woolworth
Ot SM
Edward D. Jones & Co
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Kansas
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