Louis Navellier

» Kirk - gp dyn emc ene ivx

Ooops.. I missed this about Cisco:

"Cisco Systems (CSCO) is a good buy right now."

I looked at Cisco back then and recommended LRCX and picked LRCX for our eSweet Stock Picking Contest back then. eSweet Contest Results. Click it and see our results! Many of our stock pickers here did much better than QQQ or Navellier

<img src=http://chart.bigcharts.com/bc3/intchart/... width=579 height=335>

Here is a link so you can play with the chart:
http://www.bigcharts.com/intchart/frames...

Cisco is down 75%.... LRCX is even.

-- posted by Kirk

» StevefromSacto - Re: Lets Use this thread to discuss Louis Navellier

I did well in '99 with Louis' mid-cap growth fund and have stayed on his e-mail subscriber list (free) since then. He'll be on Squawk Box tomorrow a.m.

This year I've unloaded almost all of my holdings in his mid-cap growth fund. He's playing catch-up by moving out of tech & into energy, health care (not biotech), and financials, so his losses are lessened, but I'm doing much better with Oakmark Select I as my midcap fund. Of course, the only place I'm not losing money is in my 90% cash/GNMAs.

-- posted by StevefromSacto

» Kirk - Millennium Funds Web Page

Well, it seems that Navellier has started loaded mutual funds for his stocks. Lets see how well they do and compare them to the benchmarks.

As of Wednesday, May 02, 2001

* Includes the 4.95% maximum front end load for A shares, the 5% maximum CDSC charge for B shares and the 1% maximum CDSC charge for C shares.

Benchmarks:

Benchmark               NAV YTD as of 5/2/01
.
Kirk's Stock Portfolio	       14.0%
SPY                            (3.3%)
DJIA                            0.2%
QQQ                           (16.1%)
NASDAQ Comp                   (10.1%)

I'd love it if anyone has performance numbers going back a few years....

-- posted by Kirk

» Kirk - Navellier Portfolios

Navellier International Growth Portfolio
<img src=http://pvcharts.quicken.com/bin/icenter.... width=470 height=250>
Numbers http://www.quicken.com/investments/perfo...

Navellier Large Cap Growth Portfolio
<img src=http://pvcharts.quicken.com/bin/icenter.... width=470 height=250>

Navellier All Cap Growth Portfolio
<img src=http://pvcharts.quicken.com/bin/icenter.... width=470 height=250>
http://www.quicken.com/investments/chart...

Visit my pay-per-click sponsors --(trend Trader and Price.com)
------------------------------------------ PLEASE ----------------------\/

-- posted by Kirk

» Kirk - 01-14-2002

Wall Street is looking a little nervous heading into earnings season. Lasts week, the Dow slid 2.6% and the Nasdaq fell 1.8%. The Dow is now in the red for 2002 (-0.33%) while the Nasdaq still sits firmly in the black (+3.7%). The Nasdaq has been hanging pretty tough, but that could easily change within the next couple of weeks. In order for technology stocks to hold their recent gains, tech companies will have to include some very optimistic guidance for future growth in their earnings announcements. Oh yeah, earnings might help too. Tech companies realize how important guidance is right now, and you can bet they will do everything possible to put a positive spin on bleak earnings results. The question is, will investors continue to absorb the rah-rah?

Cisco Systems could be in for a rough week next week following BusinessWeek's fresh cover story, "Cisco: Behind the Hype." This cover story has some alarming statements like the following: "Legions of true believers still cling to the hope that Cisco will reemerge as the high-tech bellwether that will lead the sector out of its slump. Their continuing faith is why Cisco stock trades at a spectacular 95 times estimated 2002 earnings despite losing money in 2001. A new study by Robertson Stephens estimates that even if Cisco grew at 20% annually over the next 10 years, to $100 billion in sales, and sustained operating margins of 15%, an investor who bought the entire company at its current market value would earn a measly 3% return a year, based on projected cash flow. They'd be lucky to do so well. The chances of hitting that 20% growth target now seem a stretch." Michael Porter, a Harvard Business School professor, said, "When the historians actually plow through all the data, we will likely find that even during its so-called heyday, Cisco wasn't nearly as profitable in terms of return on invested capital as many believed."

In past comments, we mentioned that there has been a tremendous amount of "faith buying" going on in tech stocks. Many investors have made a great deal of money in tech stocks over the past several years and remain loyal as a result. This loyalty could prove to be dangerous. The dangerous part is buying into the hype, which is rampant in the sector. This doesn't mean that every tech stock should be avoided. There are still some tech stocks we like. In fact, we added a few tech stocks to our portfolios recently. The reason we haven't bought more is that the valuations are extremely rich. Last week, Bloomberg reported that the Nasdaq currently trades 229 times forecasted earnings. That's enormous!

There will be some big-time tech announcements this week that will be highly watched. Intel (INTC), Microsoft (MSFT), IBM and Sun Microsystems (SUNW) will announce earnings (INTC-1/15/2002, MSFT-1/17, IBM-1/17 and SUNW-1/18). We don't think that these bellwethers will pull the tech sector further skyward, unless the sector's fundamentals firm substantially.

Mr. Greenspan's comments at the Greenlining 2002 Summit in San Francisco were mostly bearish short-term, with some long-term bullishness. He continued to stick to his "the U.S. faces significant risks in the near-term" comment. His concerns were that capital spending might not pick up as quickly as the market is anticipating since "the virtual absence of pricing power" continues to pressure profit margins, and that consumer spending may run into some problems resulting from rising unemployment and higher mortgage rates. His comments caused a big jump in the probability of another rate cut from the Fed (jumped from 28% to approx. 60% according to the Fed Funds Futures contract).

-- posted by Kirk

» Kirk - 2/1/02 Navellier Marketmail

Navellier Marketmail
By Louis Navellier
-------------------------
Friday, February 01, 2002
Even though the unemployment rate fell to 5.6% in January, there's noneed
to get excited. It fell because of a sizeable drop in the labor force,not
because there was a sudden increase in employment. There were also plenty
of seasonal factors that muddied the waters in this report. As a result,it
is probably better not to rely on it too heavily. There are, however,
plenty of signs that the employment situation bottomed in the fourth
quarter, but the recovery has a long way to go. Take a look at the
Conference Board's Help Wanted Index, for example. This index had itsfirst
uptick in 12 months reaching 46 in January. That's great; however, the
index was at 78 a year ago.

Both the University of Michigan Consumer Sentiment and the Conference
Board's Consumer Confidence Indices surged in January (U of M 93.0 andCB
97.3), but they were driven entirely by expectations rather than present
conditions. There's a lot of fluff driving these indices. However,strong
expectations are necessary for a recovery since a consumer with a positive
outlook is more likely to consume than one without. The question is:How
fragile are the expectations of consumers? The "present conditions"
component of the U of M index is different in nature than the Conference
Board's (CB's) "present situation" component. The U of M one is geared
toward buying climate while the CB's focuses on jobs. The CB's "present
situation" component remained unchanged in January while the U of M one
dropped. The drop in the U of M's "present conditions" could be signaling
that consumers' debt levels are bloated.

By now you've read plenty of opinions that question the magnitude ofthe
recovery that appears to be underway. The reason for the questions isthat
economists are wondering where the necessary surge in demand will comefrom.
This is partly why the Fed hedged and stuck with an easing bias on interest
rates after leaving rates unchanged this week. A removal of the inventory
overhang is good news, but that will not lead to a sustained rising levelof
demand. Businesses and consumers are carrying a lot more debt than normal
right now. Usually recessions squirrel away some form of demand, butthis
recession is different: consumers have continued to spend unabated. A
strong housing market, motivated by historically low mortgage rates,has
driven most of this spending. This strong housing market led to massive
amounts of re-financings. That being said, consumers are now tapped,
thereby offering little firepower going forward. On the flip side,
businesses are flooded with excess capacity and rising employment costs
(health care and wages). Businesses are also experiencing little pricing
power. This makes it extremely difficult for them to ramp up spending. As
a result of these conditions, the economic recovery will likely be sluggish,
not robust.

For all these reasons and more, we have been increasing the number of
positions in our portfolios (diversification) while being very carefulnot
to pay too much for growth. While our focus on strong fundamentals with
reasonable valuations meant nothing to investors during the fourth quarter
of '01, as there was a lot of "faith buying" and short covering, our
strategy is starting to take hold after more investors come to gripswith
reality. As of January 31, every one of our portfolios outperformedtheir
respective benchmarks for the first month of 2002, except for our LargeCap
Growth Portfolio, which didn't lag by much. About 50% of the stocksin our
Small-to-Mid Cap Growth Portfolio have announced fourth quarter earnings
thus far. Of these stocks, the average upside earnings surprise is 19.2%
(the median upside surprise is 5%). 90% of these stocks have eithermet or
beat earnings expectations (2 stocks missed by 3%). Since our portfolios
have only announced approximately 50% of their fourth quarter earnings,we
feel confident that our portfolios will continue to outperform their
benchmarks for the rest of earnings season. We also expect many of our
stocks to emerge as new market leaders, thereby offering healthy relative
performance in the long term.

Jack
jackswanson00@yahoo.com

-- posted by Kirk

» JeffChristy - Re: 2/1/02 Navellier Marketmail

Kirk

Navellier has impressive 10 year numbers through 2000. He had an annual return of 17.9% while the Wilshire 5000 was 15.0%. Here is the table from Forbes/Hulbert.

:http://www.forbes.com/legacy/global/2001...

How did he do in 2001 according to Hulbert?

-- posted by JeffChristy

» JeffChristy - Re: 2/1/02 Navellier Marketmail

Performance of his mutual funds was pretty dismal for 2001 except for his small cap value fund.

:http://finance.yahoo.com/l?m=US&s=navell...

It looks like he had a great year in 1999. I wonder if his investment style is similar to Liz Ann Sonders?

-- posted by JeffChristy

» Kirk - Re: Re: 2/1/02 Navellier Marketmail

. I wonder if his investment style is similar to Liz Ann Sonders?

It looks like the results have been similar the past two years.

<img src=http://chart.yahoo.com/c/2y/n/ntwcx.gif width=520 height=192>

-- posted by Kirk

» vhehn - http:

-- posted by vhehn