Value Index

Tomorrow is the first of July, and we will begin tracking the Value Index. For purposes of this, only S&P 500 companies are eligible. This basically keeps the number of stocks to be evaluate to a reasonable number. The index will reconstitute at the end of each month. At any rate, these are the stocks.

AKAM, AMGN, BCR, BIG, BIIB, BMY, CEPH, CF, COH, COL, DO, ESV, FII, FLIR, FLS, FRX, GD, GME, GPS, HRS, HUM, JEC, JNJ, KG, LLY, LO, MDT, MRK, MSFT, NKE, NOV, PCP, PFE, PSA, RDC, RSH, RX, SYK, TSS, ZMH.

Without going into too much detail, the companies picked are those that are profitable and will remain so, can be bought at a good price, and have what I consider good balance sheets.