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Medical equipment industry

Brokerage Buy List Stocks Outperform S&P 500 with +28.5% Gain

Strategic Insights

— 2 min read

Zacks.com released the names of 4 stocks that are currently members of the prestigious Brokerage Buy List portfolio, which outperformed the S&P 500 with a +28.5% gain in 2003. This portfolio includes stocks that are on the core recommended lists of at least three of the top 15 brokerage firms. The stocks are considered the best large-cap stocks for the long term according to Wall Street's top players. The current members of this list are The Allstate Corporation (NYSE:ALL), Devon Energy Corporation (AMEX:DVN), Medtronic, Incorporated (NYSE:MDT), and Pfizer Inc. (NYSE:PFE).

Key Takeaways:

  • The Allstate Corporation (NYSE:ALL) reported a +75% Increase in Net Income EPS and a +73% Increase in Operating Income EPS before the recent hurricanes that may impact the company's bottom line.
  • Devon Energy Corporation (AMEX:DVN) is the largest U.S.-based independent oil and gas producer, with net earnings of $502 million in the second quarter, and a 25% increase in sales on record production and higher prices.
  • Medtronic, Incorporated (NYSE:MDT) acquired the assets of Coalescent Surgical, an innovative developer of proprietary technologies, and announced a cash dividend of 8.375 cents per common share of the company's stock.
  • Pfizer Inc. (NYSE:PFE) reported a +24% increase in revenue to $12.274 billion in the second quarter, driven by the inclusion of post-acquisition results of legacy Pharmacia products, good performances across a broad range of products, and the weakening of the U.S. dollar relative to a number of other currencies.
  • All four stocks are on the core recommended lists of at least three of the top 15 brokerage firms, making them the best large-cap stocks to own for the long term according to Wall Street's top players.
  • The Brokerage Buy List portfolio outperformed the S&P 500 with a +28.5% gain in 2003.

Statistics:

  • The Allstate Corporation (NYSE:ALL) reported a combined ratio of 3.8 pts in the second quarter, a decrease from 9.2 pts in the second quarter of 2003.
  • Devon Energy Corporation (AMEX:DVN) reported a two-for-one stock split, effective October 29, 2004, with the stock split to be accomplished through a stock dividend on November 15, 2004.
  • Medtronic, Incorporated (NYSE:MDT) reported a 25% increase in sales to $2.346 billion in the second quarter, with a 30% growth in implantable defibrillators.
  • Pfizer Inc. (NYSE:PFE) reported a +24% increase in revenue to $12.274 billion in the second quarter, with a weakening of the U.S. dollar relative to a number of other currencies.

Sources:

  • Zacks.com, Brokerage Buy List portfolio
  • The Allstate Corporation (NYSE:ALL), quarterly earnings report
  • Devon Energy Corporation (AMEX:DVN), quarterly earnings report
  • Medtronic, Incorporated (NYSE:MDT), quarterly earnings report
  • Pfizer Inc. (NYSE:PFE), quarterly earnings report

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