top 50 index
$0.1"/*& 4 '03
7& 34*5:
TOP 50 INDEX
Rank Company
1 Bank of America
2 Pepsi Bottling Group
3 AT&T
4 The Coca-Cola Co.
5 Ford Motor Co.
6 Verizon Communications
7 Xerox Corp.
8 Consolidated Edison Co. of New York
9 JPMorgan Chase
10 PepsiCo
11 Wachovia
12 PricewaterhouseCoopers*
13 Sodexho*
14 Procter & Gamble
15 Blue Cross and Blue Shield of Fla.*
16 Novartis Pharmaceuticals Corp.
17 Johnson & Johnson
18 Merck & Co.
19 Deloitte & Touche USA*
20 Wells Fargo & Co.
21 Turner Broadcasting System**
22 Citigroup
23 American Express
24 Prudential Financial
25 Cox Communications*
26 Colgate-Palmolive Co.
27 Kaiser Permanente*
28 Sprint Nextel Corp.
29 Sempra Energy
30 Abbott
31 KeyBank*
32 General Mills
33 Health Care Service Corp.*
34 General Motors
35 Eastman Kodak Co.
36 HSBC-North America
37 Comerica
38 Cummins
39 MGM MIRAGE
40 Allstate
41 Wal-Mart Stores
42 DaimlerChrysler
43 Ernst & Young*
44 Bausch & Lomb
45 Darden Restaurants
46 Marriott International
47 Starwood Hotels & Resorts Worldwide
48 Comcast
49 Hewlett-Packard Co.
50 Accenture
* These companies are not in The 2007 DiversityInc Top
50 Companies for Diversity Index, which only includes
the 41 publicly traded companies in The DiversityInc
2007 Top 50 Companies for Diversity list.
** Traded as Time Warner. ©2007 DiversityInc
DIVERSITYINC TOP 50 INDEX
( Return for 1 Year)
1402006
2007
130
TOP 50 INDEX
SP500
DJIA
NASDAQ
120
110
100
JASONDJ FMAMJ
J
Although The DiversityInc
Top 50 Index™ consistently
beats the major indexes
against which it is compared and
outperforms them significantly
when examined over 10, five and
three years, there are periods when
the downturns in individual stocks
hurt our smaller index more.
The period measured here,
from May 15 to July 13, is one of
those times. Because the DI Top
50 Index only has 41 publicly traded stocks, the volatility of one of
these impacts the index far more
than the other indexes measured
here, the Standard & Poor’s (S&P)
500, the Dow Jones Industrial
Average (DJIA) and the Nasdaq.
In this period, a few stocks
hurt the DI Top 50 Index. Abbott
fell 10. 2 points after a deal fell
through for General Electric to
buy its primary in-vitro and point-of-care diagnostics business for $8
billion. Consolidated Edison Co.
of New York fell almost 10 points
after a June 27 blackout affecting
136,700 customers reminded customers and investors of previous
power outages. Sempra Energy
dropped 6. 3 percent after a reduction in its 2008 profit outlook.
There were a few bright spots
on the DI Top 50, especially MGM
MIRAGE, which was up more
than 28 points as it considered an
offer to sell the Bellagio Hotel and
Casino and City Center properties
and received several upgrades
from analysts.
Generally, the market was
slightly up during this period,
with consumer-spending numbers
anticipated to be stronger than
originally expected. However, the
Federal Reserve did lower its 2007
and 2008 GDP growth forecasts,
primarily because of the weak
housing sector.
Overall, the DI Top 50 Index
was level during the two months
examined, while the S&P 500 was
up 3. 2 percent, the DJIA rose 3. 7
percent and the Nasdaq increased
6. 7 percent.
