Date updated:11-16-2007
California Stocks: Investing for Growth and Value. The World's 8th large economy deserves its due.

-
AVAV
Aerovironment - $31.15
- -1.49%
- $31.40
Based in Monrovia, a suburb of LA. Aeronvironment is small growth play in Defense with unmanned surviellance aircraft. PE is less than 16 as of 8/1/07 and growth rate is 20-25%. Add innovative products in alternative energy. Architectual wind looks promising for future commercial/industrial construction as energy generating product (facilities can install reverse meters and sell energy to utilities in California). The positcharge battery systems save industries in energy costs and time. Two bull markets in one stock. Growth. Can architectural wind compete with solar? + Blends better into architecture than solar. Lower cost. Recoup cost sooner. - Need consistent source of wind. Solar has tax advantages and rebates. Wind doesn't yet.

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ACM
Aecom Technology - $28.03
- +0.75%
- $27.72
Headquartered in downtown LA. Engineering firm with diverse backlog of contracts and diverse portfolio of projects throughout America and ROW. Projects in Dubai, World Trade Center, brownfields, drinking water and waste water projects. Infrastructure in US is crumbling. AECOM along with Fluor and others will reep profits in rebuilding America. Plus there is a boom in California in Public construction thanks to bond initiatives from schools, water, roads etc. AECOM is involved in it. Add the big housing contract in Islamist Communist Libya. Growth.

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AAPL
Apple Inc - $160.18
- -0.65%
- $158.35
Silicon Valley (Cupertino) based Apple. What is not to like as long as Steve Jobs is the CEO. Growth.

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CVX
Chevron Corp - $80.22
- -1.23%
- $81.00
Chevron has most of its refining in California. Thanks to the State EPA, California gas is the most expensive with refineries spending more to meet clean air standards while reaping higher margins at the pump due to California car culture. And every time, some idiot commutes 50-100 roundtrip to his job in his SUV in any urban county in California, Chevron rings the cash register. The foreclosure market in Sacramento, San Diego, Riverside, San Bernardino, and LA Counties will not change that demand. Value

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EIX
Edison Intl - $42.76
- -2.06%
- $43.65
Edison International has bounced back from bankruptcy and the Enron scamming of Californians. This is a solid utility which will continue to profit from high energy demand in Southern California. Global warming will drive up the eed for air conditioning. Inland growth will come back in 2009 after the subprime slime has been cleaned up. Value

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AGN
Allergan Inc - $54.48
- -2.05%
- $55.43
Irvine based Allergan. Botox, eyes, and breast implants. Now if Botox gets approved for Migraines. $$$. Big pharma. Value

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CBG
Cb Richard Ellis - $13.30
- +4.72%
- $12.52
Commercial RE is in bull market in LA and SF. Office space vacancies are low. Value.

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GOOG
Google - $444.25
- -1.33%
- $445.57
How about it, 3 of the 4 horseman are headquartered in the Silicon Valley. Not betting against Google and its run to 600 by the election of Hillary Rudy Gulliani Clinton. Growth
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