BOSTON (MainStreet) -- What's in a name? When companies pick a stock ticker, a lot may be riding on that symbol.The prime real estate of stock tickers belongs to the one-letter IDs of top companies -- ( T - Get Report) for AT&T, ( C - Get Report) for Citigroup and the like. Then there are companies whose tickers either help pronounce the company name or trigger instant recognition -- ( MSFT - Get Report) for Microsoft, ( GOOG - Get Report) for Google and ( YHOO) for Yahoo. Others come close, but for whatever reason don't go with the obvious. Hence ( AAPL - Get Report) for Apple, instead of APPL or APPLE. Sometimes a company will even change its formal name to better match the trading ticker. Minnesota Mining and Manufacturing Co. was quite a mouthful, until, taking a cue from its MMM exchange name, it renamed itself as the much catchier 3M ( MMM). Then there are the corporate punsters and clever fund managers who have some fun with the name game. Mattress maker Sealy chose that old comic strip trope for a snoring character when it picked ( ZZ) for its trading symbol. Magma Design Automation played off its name with ( LAVA). Internet America, an ISP, broke out the pocket protectors when deciding to brand itself with ( GEEK). Dynamic Materials went ( BOOM - Get Report), a reference to its "explosive metalworking" segment. Natus Medical, which specializes in pediatric and newborn healthcare products, went with ( BABY - Get Report). Auctioneer Sotheby's chose the apropos ( BID - Get Report). Harris & Harris Group is ( TINY), a name meant to remind you that that the venture capital firm specializes in nanotechnology. Piano maker Steinway chose ( LVB) in honor of Ludwig van Beethoven. A few others of note: the specialty of Advanced Medical Optics is summed up with ( EYE - Get Report); online game company Shanta scored with ( GAME); Footwear company Steve Madden tied up ( SHOO - Get Report); amusement park owner Cedar Fair has ( FUN - Get Report) and Olympic Steel dug into mythology with ( ZEUS - Get Report).
Among the more colorful tickers is Southwest Airlines' symbol, ( LUV - Get Report). Though an obvious use of the word "love," the connection to the budget airline isn't all that obvious. The origin involves a bit of trivia: The company is based in Dallas, Texas, at Love Field. As the researchers from Pomona University found, the company also used the ticker to reflect its random, open seating policy and the claim that it has led to romances among passengers whom fate seated together. Early on, in-flight snacks and drinks were called "love bites" and "love potions." In a 2004 story, Reuters reporter Jon Herskovitz wrote of how the airline "has received thousands of letters and scores of wedding invitations addressed to top executives from couples who met on one of its flights." An airline spokesman was quoted as saying: "At times we feel that we are the love brokers of the sky." Other transportation-related companies went with more obvious choices. Avis uses ( CAR - Get Report) and the Guggenheim Shipping ETF sails with ( SEA). Motorcycle maker Harley-Davidson's old ticker, HDI, didn't quite capture the company aesthetic. So in 1996 it started trading by the symbol ( HOG), the nickname for the style of bikes it specializes in as well as a homage to the Harley Owners Group.
Onomatopoeia reigns when companies take their cue from the animal kingdom. The Market Vectors Agribusiness ETF chose the appropriate symbol ( MOO - Get Report), while the competing iPath Dow Jones-AIG Livestock Total Return ETF uses the more direct ( COW). Blackstone's Asia Tigers Fund plays off its name with ( GRR). VCA Antech, which owns and operates veterinary hospitals, goes with ( WOOF).
Food inspires a healthy serving of unique stock tickers. Brinker International, owner of the Chili's and Maggiano's restaurant chains, has ( EAT - Get Report). Another national chain, O'Charley's, goes by ( CHUX). Origin Agritech planted itself with ( SEED) and the Teucrium Corn Fund sums up its commodity specialization with the easy-to-remember ( CORN - Get Report). The PowerShares Dynamic Food & Beverage ETF hearkens you back to your school lunchbox with its ticker, ( PBJ - Get Report). Cheesecake Factory went with the obvious choice of ( CAKE - Get Report), while the parent company of KFC broadened its horizons beyond chicken and showcases its other fast food brands as YUM Brands and the ticker ( YUM - Get Report). Molson Coors Brewing is on ( TAP - Get Report), while National Beverage has nonalcoholic Faygo and other sodas shaking up ( FIZZ - Get Report). The Dow Jones-UBS Coffee Subindex Total Return ETF trades as ( JO) (as in "a cup of ...") and focuses on futures contracts for the mighty coffee bean. Don't be confused though, ( JAVA) has nothing to do with caffeine; it is the name of the programming language and platform developed by Sun Microsystems.
Fund managers may be serious, all-business sorts, but there is still opportunity for some creativity when naming their offerings. In March, Pimco's Enhanced Short Maturity Fund became the very first actively managed ETF to exceed $1 billion in assets under management. The ticker, ( MINT - Get Report), might make you think of printing money, which was the intent for the near-cash, capital preservation strategy of its investments in money markets, longer maturity bonds and investment-grade fixed income securities. SPDR Barclays Capital 1-3 Month T-Bill ETF went with the simple ( BIL - Get Report) while WisdomTree International Hedged Equity Fund, a "fund of funds," sounds out its strategy as ( HEDJ - Get Report). U.S. Global Investors, an investment management firm that includes emerging markets among its focus areas, has the ticker ( GROW - Get Report), exactly what one might hope those foreign investments will do for the mutual funds it manages.
The iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN is a mouthful, but its intentionally misspelled ticker, ( GAZ), tells you all you need to know. Depending on what commodity or energy specialty you want a fund to track, the tickers can guide you right to them. There is ( OIL) for iPath S&P GSCI Crude Oil Total Return, ( WOOD - Get Report) for the iShares S&P Global Timber & Forestry Index Fund and ( KOL - Get Report) for the Market Vectors Coal ETF. Green-energy advocates can similarly check into ( GRID - Get Report) for the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, ( TAN - Get Report) as in exposure to the sun and the Claymore MAC Global Solar Energy Index ETF and ( FAN - Get Report) for the First Trust ISE Global Wind Energy Index. -- Written by Joe Mont in Boston. >To contact the writer of this article, click here: Joe Mont. >To follow the writer on Twitter, go to http://twitter.com/josephmont. >To submit a news tip, send an email to: email@example.com.
Twitter and become a fan on Facebook.