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Innovation Index Group Announces Buy Recommendations for AAPL, AMX, AMZN, BBY, COST, CSCO, EBAY, GE, GOOG, HPQ, IBM, INTC, MCD, MMM, MRK, MSFT, NKE, P
(PRWEB) March 24, 2008 -- Innovation Index Group, Inc. (http://www.InnovationIndexGroup.com) systematically identifies, tracks and invests in the 20 most innovative publicly traded companies in North America -- collectively called The Innovation Index. Innovation Index Group thoroughly analyzes the Top Innovators in North America, and only invests in those that show the highest potential for growth and minimize the risk to the principal.
Innovation Index Group makes the following BUY recommendations for the Top 20 Innovators of The Innovation Index with Target Price for Q4, 2008:
The Top 20 Innovators Ticker Recommend Target Price
APPLE INC AAPL BUY $235 - $250
AMERICA MOVIL AMX BUY $80 - $85
AMAZON INC AMZN BUY $95 - $100
BEST BUY INC BBY BUY $55 - $60
COSTCO WHOLESALE CORP COST BUY $75 - $80
CISCO SYSTEMS INC CSCO BUY $30 - $35
EBAY INC EBAY BUY $35 - $40
GENERAL ELECTRIC CO GE BUY $40 - $45
GOOGLE INC GOOG BUY $675 - $745
HEWLETT PACKARD CO HPQ BUY $58 - $63
IBM IBM BUY $120 - $125
INTEL CORP INTC BUY $27 - $32
MCDONALDS CORP MCD BUY $64 - $69
3M CO MMM BUY $94 - $99
MERCK & CO INC MRK BUY $58 - $63
MICROSOFT CORP MSFT BUY $38 - $43
NIKE INC NKE BUY $77 - $82
PROCTER & GAMBLE CO PG BUY $79 - $84
RESEARCH IN MOTION LTD RIMM BUY $135 - $145
AT&T INC T BUY $43 - $48
Target Price - Q4, 2008
About Innovation Index Group:
Innovation Index Group, Inc. is a new investment management company focused on systematically identifying, tracking and investing in the most innovative publicly traded companies in North America -- collectively called the Innovation Index. We have developed the Innovation Index Fund, LLC as our first vehicle to invest in the Innovation Index. Over the past six years, the Innovation Index has generated a gross average annual return of 40%.
Innovation Index Group, Inc. and Innovation Index Fund LLC are registered California Corporations, and member of the Irvine Chamber of Commerce in Orange County. Further, Innovation Index Fund LLC is a private placement investment partnership organized under the California state regulations.
About The Innovation Index
The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in North America.
The Innovation Index returned 66% in 2007, and returned 174% over the previous five years (2002-2006). This assumes equal investment in each stock of The Innovation Index as of December 31, 2001. An average of $100 invested in The Innovation Index on December 31, 2001 returned $454 as of December 31, 2007. By comparison, $100 invested in S & P 500 returned 28% or $129, $100 invested in NASDAQ returned 34% or $136, and $100 invested in the Dow Jones Index returned 30% or $131 through December 31, 2007. The Innovation Index beats the S & P 500, NASDAQ and Dow Jones Index by more than seven times over the past six years.*
Alphabetical list of the Top 20 Innovators of The Innovation Index for 2008 and their stock ticker symbols:
3M Company - (NYSE: MMM)
Amazon.com, Inc. - (NASDAQ: AMZN)
America Movil - (NYSE: AMX)
Apple Inc. - (NASDAQ: AAPL)
AT&T Inc. - (NYSE: T)
Best Buy Co., Inc. - (NYSE: BBY)
Cisco Systems, Inc. - (NASDAQ: CSCO)
Costco Wholesale Corporation - (NASDAQ: COST)
eBay Inc. - (NASDAQ: EBAY)
General Electric Co. - (NYSE: GE)
Google Inc. - (NASDAQ: GOOG)
Hewlett-Packard Co. - (NYSE: HPQ)
Intel Corporation - (NYSE: INTC)
International Business Machines Corp. - (NYSE: IBM)
Merck & Co., Inc. - (NYSE: MRK)
McDonald's Corporation (NYSE: MCD)
Microsoft Corporation - (NASDAQ: MSFT)
NIKE, Inc. - (NYSE: NKE)
Research In Motion Limited - (NASDAQ: RIMM)
The Proctor & Gamble Company - (NYSE: PG)
The Innovation Index will analyze the positions and standings of the Top 20 Innovators at the end of each year. For 2008, there will be no further changes in The Innovation Index.
Disclaimer: The Innovation Index Group, Inc. invests in the stocks comprising The Innovation Index.
*Past Performance Does Not Guarantee Future Results
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