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May 25, 2012
Mark Clayton: Is Hillary's State Dept. hacking Al Qaeda? Not quite
Erika Bolstad: Temple cancels Wasserman Schultz speech
The Kosher Gourmet by Ethel G. Hofman: The former president of the International Association of Culinary Professionals, whose members included the likes of Julia Child, is back with contemporary Shavous cuisine: Ruby Fruit Soup, Sweet Noodle Kugel with Cheese, Key Lime Curd, Calsone Casserole Frittata with Wild Mushrooms, Sun-dried tomatoes and Olives, Baked Tilapia with Pepper Cheese Cream and Brown Sugar Shortbread
May 24, 2012
Jeff Jacoby: The peace process battered Israel's reputation
Michael Muskal: 'Pro-choice' position hits record low, according to poll
Chris Farrell: Are We in a Tech Bubble?
The Kosher Gourmet by Penelope Wall: PHILLY CHEESE STEAKS --- hold the steak!
May 23, 2012
Tony Pugh: More private colleges offering tuition discounts
Mary Beth Franklin: How to Choose the Right Annuity for You
Tina Susman: The wig wasn't enough: Man gets 13 years for posing as his dead mom
The Kosher Gourmet by Emma Christensen:A simple way to do fish right
May 22, 2012
Warren Richey: Can US group challenge overseas surveillance act? Supreme Court to decide
Thomas M. Anderson: Walking Away From a Mortgage
The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili
May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security?
Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
Stephen Whiteside, Ph.D. : Mayo Clinic Medical Edge: Social anxiety disorder --- or just shy?
Guy Jackson : Victim's father regrets death of Lockerbie bomber
The Kosher Gourmet by Mario Batali: Famed chef's veal shoulder farsumagru: A festive meat course for late spring
May 18, 2012
Rabbi Berel Wein: Striving: The People of the Book's Book for (All of) the People
Steven Goldberg: 5 Great Stock Picks and the Exchange-Traded Fund that Owns Them
Mary Pickett, M.D.: Ask the Harvard Experts: Don't be forced into gluten-free lifestyle based merely on a doctor's false-positive test
The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
Warren Richey: Teacher fired for being unwed and pregnant can sue religious school, court rules
Josh Mitnick: Netanyahu's 'centrist' coalition is already proving it's anything but
Steven Goldberg: Earn Dividends in Emerging Markets with This WisdomTree ETF
Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
Carmen Terzic, M.D., Ph.D. : Mayo Clinic Medical Edge: A variety of exercises can help improve balance
Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
Kristen Chick: Obama administration resumes arms sales to Bahrain despite serious unresolved human rights issues. Activists feel abandoned
Pat Mertz Esswein: Homes are now affordable again and mortgage rates are low. What you need to know before you buy
Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
Sue Hubbard, M.D.: The Kid's Doctor: Lactose intolerant young child? Check again
The Kosher Gourmet by Kathy Hunt: Spread a Little Excitement with EXOTIC CONDIMENTS (4 RECIPES)
May 14, 2012
Lisa Gerstner: How to Protect Your Identity, Finances If You Lose Your Phone
Harvard Health Letters: Heart disease and dementia
The Kosher Gourmet by Megan Gordon: MANGO COCONUT OAT MORNING MUFFINS are a bright but hearty delight
May 11, 2012
Jessica L. Anderson: Get the Best Deal on a Used Car
Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
Jeff Bertolucci: Get Home Phone Service for Less Than $10 a Month
The Kosher Gourmet by Betty Rosbottom: Gleaming with its golden, crimson, and snowy white hues, this silken smooth and creamy STRAWBERRY ORANGE TRIFLE looks impressive, but is easy to prepare
May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
Why Mid-Caps Stand Out in This Slow-Growth Stretch
By
Rachel Koning Beals
An upbeat outlook for earnings among midsized companies
JewishWorldReview.com | (USNWR)
Some fund managers argue that "stuck in the middle" isn't being stuck at all, at least when it comes to the mid-cap stocks they think will outperform during a predicted period of slow economic growth.
There's some history that backs that view. "Mid-cap has outperformed large- and small-cap going back 10, 15, even 20 years," says Y. Allen Kim of Genworth Financial Asset Management. "We think it's the real sweet spot of the market to be in."
Mid-cap proponents are making their case based on an upbeat outlook for earnings. Plus, nimbler mid-cap companies should experience stronger growth than their large-cap brethren as the U.S. economy ticks along at between a 1 percent and 2 percent GDP growth rate in 2012. Mid-caps are often acquisition targets of larger firms hungry for expansion.
In addition, attractive valuation on a case-by-case basis among mid-cap stocks can be found since analysts and investors tend to pay less attention to the group than widely tracked large-caps and headline-grabbing—and typically volatile—small-cap growth companies.
"It's hard for large-caps to achieve incremental growth. Mid-caps are in the earlier part of their life cycle and so can achieve better growth," says Michelle Clayman, co-manager of the Calvert Capital Accumulation Fund (CCAFX).
"But relative to small-caps, they've gotten through those early entrepreneurial steps and have transitioned to professional management. Plus, their stock prices tend to show less volatility," says Clayman, whose fund was up nearly 3 percent year-to-date through mid-December.
Calvert defines mid-cap as stocks with a market capitalization of $1 billion to $9 billion at the time of purchase. Morningstar uses a range of $1 billion to $8 billion, and some prospectuses even stretch the upper end to $10 billion. Market cap is calculated by multiplying a company's shares outstanding by the current market price of one share. This figure is generally used in determining a company's size, as opposed to sales or total asset figures.
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The chance that a buyout will boost share value adds to the appeal of mid-caps. For certain, a buildup of company cash over the past few years has turned many a board into opportune buyers. That's a positive factor for investors.
Clayman expects positive revenue growth for much of the sector. Still, risk lies in the difficulty that U.S. firms may have in sustaining incremental productivity growth, she says.
Investors will also want to distinguish between value mid-caps and growth mid-caps.
In his report on the Vanguard Mid-Cap Value ETF (VOE), Morningstar analyst Michael Rawson notes that smaller stocks and value stocks tend to outperform over time, although they can require a long time horizon to get there. "For portfolios with huge stakes in large-cap growth companies, value ETFs such as this one can provide a low-cost counterbalance to decrease overall volatility," he adds.
Genworth's Kim also stresses the importance of a diversified portfolio and likes to layer in mid-caps for a "return-enhancing complimentary addition to an existing large-cap allocation."
Here are the top-ranked mid-cap growth and mid-cap value funds tracked by U.S. News:
Growth
Delaware Pooled Focus Mid Cap Growth Equity Fund (DCGTX): Up 17.8 percent over the past year; Expenses: 0.92 percent
Chase Mid Cap Growth Fund (CHAMX): Up 20.8 percent over the past year; Expenses: 1.49 percent
Delaware Select Growth Fund (DVEAX): Up 16.7 percent over the past year; Expenses: 1.49 percent
Royce Premier Fund (RYPRX): Up 12 percent over the past year; Expenses 1.12 percent
Wasatch Heritage Growth Fund (WAHGX): Up 10.5 percent over the past year; Expenses: 0.95 percent
Value
Appleseed Fund (APPLX): Up 5.8 percent over the past year; Expenses: 1.31 percent
Artisan Mid Cap Value Fund (ARTQX): Up 12 percent over the past year; Expenses 1.21 percent
Wasatch Strategic Income Fund (WASIX): Up 10.5 percent over the past year; Expenses 1.58 percent
Neuberger Berman Equity Income Fund (NBHAX): Up 8.4 percent over the past year; Expenses: 1.16 percent
FPA Capital Fund (FPPTX): Up 10.9 percent over the past year; Expenses 0.87 percent
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© 2012, U.S.News & World Report LP All rights reserved.
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