« Lagging Small-Caps | Main | S&P 500 P/E Ratios By Sector »

Today was a good day for our Buy List. Fourteen of our twenty stocks rose, and the average stock climbed 0.81% compared with 0.63% for the S&P 500.

The big star today was Brown & Brown (BRO) which jumped nearly 12%. Sheesh, it’s about time! The little insurance stock had been pulling back since the middle of April. Yesterday, BRO reported earnings of 32 cents a share, three cents more than estimates. Alistar Barr at MarkeWatch noted that BRO has benefited from the recent turmoil in the Florida insurance market.

Medtronic (MDT) also had a good day. The stock rose $1.62 or 3.4%. I just don’t see how Medtronic can be 18% off its high.

We had two more earnings reports after the close. AFLAC (AFL) just announced very good earnings. The company’s operating earnings came in at 75 cents a share, four cents more than estimates. The dollar/yen exchange rate nipped off two cents a share. However, the company warned that growth from Japan will be

Also, Fiserv (FISV) reported earnings of 63 cents a share, three cents more than expectations. The company also bumped up its full-year forecast to $2.48 to $2.54 a share from the earlier range of $2.46 to $2.53 a share.

Posted by edelfenbein at July 25, 2006 4:47 PM