10/23/07

Economics

Politics

Domestic

International War Against Radical Islam

The Market

Technical

Fundamental

29% of the S&P 500 companies have reported third quarter earnings and they are up 10% on a capitalization weighted basis.

The stock price of Canon (Dividend Growth Portfolio) has fallen below the upper boundary of its Buy Value Range. Accordingly, CAJ is being Added to the Dividend Growth Buy List. The Dividend Growth Portfolio will purchase a one-half position at the Market open this morning.

EPS: 2006 $2.94, 2007 $3.35, 2008 $3.60; DVD: $.90 YLD 1.5%

http://finance.yahoo.com/q?s=CAJ

News on Stocks in Our Portfolios

A positive write up on Proctor and Gamble (Dividend Growth Portfolio):

http://www.bloggingstocks.com/2007/10/22/procter-and-gamble-pg-defense-via-the-consumer-product-spectrum/

UPS (Dividend Growth Portfolio) reported third quarter earnings per share of $1.05 versus expectations of $1.02 and $.96 recorded in the comparable 2006 quarter.

EPS: 2006 $3.86, 2007 $4.15, 2008 $4.50; DVD: $1.68 YLD 2.2%

http://finance.yahoo.com/q?s=UPS

Smith International (Aggressive Growth Portfolio) reported third quarter earnings per share of $.83 in line with expectations and versus $.66 recorded in the comparable 2006 quarter.

EPS: 2006 $2.49, 2007 $3.20, 2008 $3.70; DVD: $.38 YLD 0.7%

http://finance.yahoo.com/q?s=SII

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