Yahoo! Finance
10-14-2006, 01:52 PM
Yahoo Finance Investing Strategies
Investor's Business Daily
Look For The N In CAN SLIM - New Technology, Products, Innovation
Friday October 13, 7:00 pm ET
Donald H. Gold
The N in CAN SLIM -- new products, new management, new market conditions -- is one of the most important parts of the formula.
Innovation is almost always the driving force behind a fast-growing company.
The classic example is Henry Ford's conveyor belt, which enabled mass production of cars. That brought down the price enough to allow the average American family to become motorists. Thus, Ford founded an empire.
Costco (NASDAQ:COST) and Wal-Mart (NYSE:WMT) found a new way to sell goods to consumers. Now the big-box, warehouse-style, low-cost approach has spread to multiple countries around the world. This innovation sent shares of the pioneer players in the field soaring.
Cell phones? Nokia's (NYSE:NOK) stock hasn't done much lately, but it zoomed to 62.50 in June 2000 from a split-adjusted price of 1.35 in July 1994.
In June 1992, a small chain of coffee shops went public with the idea that people would pay more than $1 for a good cup of coffee.
Until then, the phrase "coffee shop" was synonymous with lackluster coffee.
Now Starbucks (NASDAQ:SBUX) shops are as ubiquitous as, well, cell phones. That stock, which traded at a split-adjusted 0.64 when it debuted, is now above 37.
EBay (NASDAQ:EBAY) made waves when it introduced a virtual auction house to sell goods online. Netflix (NASDAQ:NFLX - News) took the movie-rental idea and also moved it online.
These are just some of the giant leaps forward that changed the landscape. Many others are less obvious, but have also changed our lives.
Drugs and medical equipment, satellite-based navigation equipment, even the latest fashion trends have all fueled big stock winners.
The trick is to find them. Look for companies with rapidly growing sales and earnings.
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ibd/061013/corner.html?.v=1)
Investor's Business Daily
Look For The N In CAN SLIM - New Technology, Products, Innovation
Friday October 13, 7:00 pm ET
Donald H. Gold
The N in CAN SLIM -- new products, new management, new market conditions -- is one of the most important parts of the formula.
Innovation is almost always the driving force behind a fast-growing company.
The classic example is Henry Ford's conveyor belt, which enabled mass production of cars. That brought down the price enough to allow the average American family to become motorists. Thus, Ford founded an empire.
Costco (NASDAQ:COST) and Wal-Mart (NYSE:WMT) found a new way to sell goods to consumers. Now the big-box, warehouse-style, low-cost approach has spread to multiple countries around the world. This innovation sent shares of the pioneer players in the field soaring.
Cell phones? Nokia's (NYSE:NOK) stock hasn't done much lately, but it zoomed to 62.50 in June 2000 from a split-adjusted price of 1.35 in July 1994.
In June 1992, a small chain of coffee shops went public with the idea that people would pay more than $1 for a good cup of coffee.
Until then, the phrase "coffee shop" was synonymous with lackluster coffee.
Now Starbucks (NASDAQ:SBUX) shops are as ubiquitous as, well, cell phones. That stock, which traded at a split-adjusted 0.64 when it debuted, is now above 37.
EBay (NASDAQ:EBAY) made waves when it introduced a virtual auction house to sell goods online. Netflix (NASDAQ:NFLX - News) took the movie-rental idea and also moved it online.
These are just some of the giant leaps forward that changed the landscape. Many others are less obvious, but have also changed our lives.
Drugs and medical equipment, satellite-based navigation equipment, even the latest fashion trends have all fueled big stock winners.
The trick is to find them. Look for companies with rapidly growing sales and earnings.
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ibd/061013/corner.html?.v=1)