Nifty Fifty
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This article refers to an informal investing term. For the Indian stock index, see S&P CNX Nifty. For the motor scooter, see the Honda Spree. For the Canon lens, see EF 50mm f/1.8 II.
Nifty Fifty was an informal term used to refer to 50 popular large cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy and hold growth stocks.
The fifty are credited with propelling the bull market of the early 1970s. Most are still solid performers, although a few are now defunct or otherwise worthless.
[edit] Characteristics
The stocks were often described as "one-decision", as they were viewed as extremely stable, even over long periods of time.
The most common characteristics by the constituents were solid earnings growth and a high P/E ratio..
[edit] NYSE Nifty Fifty constituents
- American Express
- American Home Products
- AMP Inc.
- Anheuser-Busch
- Avon Products
- Baxter International
- Black & Decker
- Bristol-Myers
- Burroughs Corporation
- American Hospital Supply Corp.
- Chesebrough-Ponds
- The Coca-Cola Company
- Digital Equipment Corporation
- Dow Chemical
- Eastman Kodak
- Eli Lilly and Company
- Emery Air Freight
- First National City Bank
- General Electric
- Gillette
- Halliburton
- Heublein Brewing Company
- IBM
- International Flavors and Fragrances
- International Telephone and Telegraph
- J.C. Penney
- Johnson & Johnson
- Louisiana Land and Exploration
- Lubrizol
- Minnesota Mining and Manufacturing (3M)
- McDonald's
- Merck & Co.
- MGIC Investment Corporation
- PepsiCo
- Pfizer
- Philip Morris Cos.
- Polaroid
- Procter & Gamble
- Revlon
- Schering Plough
- Joe Schlitz Brewing
- Schlumberger
- Sears, Roebuck and Company
- Simplicity Patterns
- Squibb
- S.S. Kresge
- Texas Instruments
- Upjohn
- The Walt Disney Company
- Xerox