Date updated:02-02-2008
Joseph McNay has made a lot of people and institutions wealthy in the 40-plus years he's been playing the investment trade. He manages more than $3 billion at Essex Investment Management in Boston, a firm he founded, including its flagship long-short fund and a natural-resources fund. -- Sandra Ward

-
GLD
Spdr Gold Shares - $80.06
- -0.46%
- $80.15
Q: When you talk about gold, should people be thinking in terms of the mining companies or bullion? A: Both. The metal has outperformed the mining companies in the last three years, but that relationship is in the process of switching and mining companies will be the best investment. But they will both be good investments. There are two ETFs that are convenient for a lot of people: streetTracks Gold Trust [ticker: GLD] tracks the gold and Market Vector Gold Miners [GDX] tracks the mining companies.

-
GDX
Mkt Vect Gold Mnr - $36.18
- +0.11%
- $36.15
Q: When you talk about gold, should people be thinking in terms of the mining companies or bullion? A: Both. The metal has outperformed the mining companies in the last three years, but that relationship is in the process of switching and mining companies will be the best investment. But they will both be good investments. There are two ETFs that are convenient for a lot of people: streetTracks Gold Trust [ticker: GLD] tracks the gold and Market Vector Gold Miners [GDX] tracks the mining companies.

-
DNA
Genentech Inc - $97.99
- -0.59%
- $98.37
Q: Can you be more specific? A: The biotech companies have the new products and are a way to participate in this industry. They are like buying the drug companies back in 1960. My three favorites are Genentech [DNA] and Gilead Sciences [GILD] and Celgene [CELG]. They all have very good products and great growth rates, and no risk, from my point of view, to an economic slowdown and a falling dollar.

-
GILD
Gilead Sciences - $54.62
- +0.13%
- $54.96
Q: Can you be more specific? A: The biotech companies have the new products and are a way to participate in this industry. They are like buying the drug companies back in 1960. My three favorites are Genentech [DNA] and Gilead Sciences [GILD] and Celgene [CELG]. They all have very good products and great growth rates, and no risk, from my point of view, to an economic slowdown and a falling dollar.

-
CELG
Celgene Cp - $72.34
- -0.78%
- $73.00
Q: Can you be more specific? A: The biotech companies have the new products and are a way to participate in this industry. They are like buying the drug companies back in 1960. My three favorites are Genentech [DNA] and Gilead Sciences [GILD] and Celgene [CELG]. They all have very good products and great growth rates, and no risk, from my point of view, to an economic slowdown and a falling dollar.

-
BMRN
Biomarin Pharmace - $25.93
- +1.29%
- $25.71
Q: How about a new recommendation in that area? A: BioMarin Pharmaceuticals [BMRN] has some nice products. It is coming along with some very nice drugs to treat small patient populations, similar to Genzyme [GENZ], where there is not much competition and the drug has a limited market but is necessary for survival.

-
ISRG
Intuitive Surg In - $301.07
- -0.09%
- $301.00
Q: What do you like among medical-device and instrument companies? A: I love Intuitive Surgical [ISRG], the leader in robotic surgery. It went up a lot, from about 105 to 350, before falling back to 254, and so it has corrected. But it has the absolute leadership position in the field and is continuing to grow very rapidly. If you have breast cancer or prostate cancer or are having a hysterectomy, you unequivocally want to go where they are using Intuitive Surgical robotic surgery because the results are much better. That's a good growth area. The stock is still kind of rich, even though it has corrected, but it has a lot of growth ahead of it.

-
ALDN
Aladdin Know Sys - $12.69
- +11.71%
- $11.40
Q: Let's turn to some emerging companies that have caught your interest. A: A company called Aladdin Knowledge Systems [ALDN] has been overlooked by a lot of people. It is an Israeli company that develops enterprise-network security software used for application access. This company has been growing earnings at 20%-plus lately. Last year, earnings rose from 93 cents a share to $1.15, and this year they are probably going to go to $1.40 a share. They had a very good quarter recently, up over 21%. It's not too expensive, selling at 20 and earning, say, $1.40 a share this year and $1.60 next year.
- Barron's Interview Joseph McNay Of Essex Investment Management's Blog
- More Lead Paint Tantrum's and True Irony...
- Just Because Agriculture Prices Are Lower Doesn...
- Radio! Radio! Intuitive Surgical is now on the...
- Earnings highlights: Wal-Mart, JCPenney, MBIA, ...
- ADM Partner Has Switchgrass Breakthrough
- show all
- Top Professional Portfolios
- 1. T. Rowe Price New Era ...
- 2. U.S. Global Investors ...
- 3. Jennison Utility A (PR...
- 4. Profunds UltraSector O...
- 5. AIM Energy A (IENAX)
- show all
- Top Do-It-Yourself Portfolios
- » The Eagle's Nest
- » John Garvin Portfolio 1
- » beech hill
- » Justin's Stuff
- » Rifraf
- show all
- Most Viewed Portfolios
- » Warren Buffett
- » 10 Short Squeezes
- » George Soros
- » T. Boone Pickens - BP Cap...
- » Carl Icahn
- show all
Jim Cramer has been adamant about a number of sea changes he thinks are taking place in the market. He thinks the Chinese stock market is bottoming and that oil supplies ar...
Kudos to those who already filled their gas tank this week. Oil prices shot up more than $5 a barrel on Thursday. This increase constitutes the highest level in more than...
By Stockpickr Guest Columnist Steven Plisk Oracle of Omaha. World's Greatest Investor. That nice gentleman with the pithy, Midwestern charm and ungodly stockpile of cash...
By Stockpickr Guest Columnist Gino Lattarulo I would like to address the criticism that Jim Cramer has received concerning Sirius XM Radio (SIRI). On the surface, it...
A. Investing resources for creating
wealth!
Pet Supplies & Training needs. Global
shipping.
Finest blue nose pitbulls in its breed!
Environment News, Information,
resources!
Please visit: Coffee-Advice.com
Dog & Puppy resources, news, articles,
and more.
Got acne? Cures, Treatments, articles,
and more.
Restore that classic Pontiac musclecar.
Click here.
Shop your favorite stores from across
the country!
Google it here!
Latest News & Technology headlines from
around the globe.
This is a screen of mid cap stocks, i.e. with market capitalizations between $1 billion and $5 billion that also have a P/E less than or equal to 10 and a quick ratio of gr... more
These are some of the stocks mentioned today on TheStreet.com TV. Click the URL below each stock to watch the videos. more
Analyst Upgrades for 8-21-08 more








Comments not available