Alcoa's ( AA) 2-cent miss might be a harbinger of things to come: This earnings season figures to be especially difficult in terms of forecasting strength and weakness.As a result, I believe we must focus on sectors that have shown considerable strength regardless of prevailing market conditions. The health care sector is an area I consistently turn to these days, as Americans increase their health care spending year after year. With that in mind, I would like to once again turn my attention toward Wyeth ( WYE); I last wrote about the company in my
Game of LifeThe NLCS begins tonight with the "little engine that could," the Arizona Diamondbacks, entertaining the incendiary Colorado Rockies, who are in the midst of a prolonged "Rocky Mountain High."
The Rockies have won 17 of their last 18 games. By virtue of their respective sweeps of the Cubs and Phillies in the Divisional Playoff Series, both the D-Backs and Rockies are well rested, with pitching staffs perfectly set-up for a run at the NL Pennant.The staff aces, Brandon Webb for Arizona, and Jeff Francis for Colorado will face line-ups in Game One that are extremely familiar, as these intra-divisional rivals faced each other 18 times this year. The ALCS begins in Boston tomorrow night, with the Red Sox, fresh off their three game sweep of the Angels, hosting the Cleveland Indians, who eliminated the Yankees 3-1 in their Divisional Series. Again, the pitching staffs are set up perfectly, with Cleveland's C.C. Sabathia facing the only 20-game winner in the majors this year, Boston's Josh Beckett. Game Two will pit the Indians young phenom, Fausto Carmona, who mesmerized the Yankees, against the old warhorse, Curt Schilling of the BoSox, who pitched seven shutout innings against the Angels, in his last start. Despite the Phillies' disappointing exit from the Divisional Playoffs in a three game sweep at the hands of the Rockies, the Phillies rewarded Manager Charlie Manuel with a two year contract, with a club option for a third year. Obviously, the Phillies front office was encouraged by the team's first appearance in the post-season since 1993.
General Manager Pat Gillick has already announced that he will step down at the end of 2008; hence, it will be interesting to see what the Phillies do this off-season, with upgrades needed at third base and the pitching staff in particular.In contradistinction, there is relative silence in The Bronx regarding the future of Joe Torre, although speculation runs rampant that he will not be occupying the Yankees dugout next season, after the Yankees were eliminated for the third consecutive year in the first round of the playoffs. Rumors abound that Torre will be fired, and his replacement will be Tony LaRussa or Joe Girardi. Regardless of what ultimately transpires with Torre, GM Brian Cashman faces an incredibly difficult off-season, replete with questions regarding several high priced superstars. The status of Roger Clemens, Andy Pettitte, Mike Mussina, Mariano Rivera, Jorge Posada and of course, A-Rod, needs to be addressed by Cashman, under the ever watchful eye of Mr. Steinbrenner. In yet another blow to Michael Vick's fortunes, Stephen B. Burbank, a special master and law professor from The University of Pennsylvania, ruled that the Atlanta Falcons are entitled to recover almost $20 million in bonus money already paid to Vick. The decision has been appealed by Vick and the NFL Players Association. The Players Club recognizes that fortunes made are not always fortunes kept. Moreover, fortunes made are often lost in seemingly inexplicable manners. By guaranteeing recurring cash flow, through our strategic partner, The Players Club endeavors to protect a chunk of one's fortune such that other "fortunes" can be pursued, achieved, and enjoyed! Always remember: Life is a journey, enjoy the ride!