Thursday, December 14, 2006

The Innovation Index Report for the week starting December 5, 2006 and ending December 13, 2006

The Innovation Index dipped slightly by 1.21 points, or 2%, to 74.40 points for the year. The Innovation Index is up 7.82 points or 12% for the year from 66.58 points. It still beats S & P 500 by 1% and NASDAQ by 4%. However, Dow Jones Index remains at 14%, thereby upping the Innovation Index by 2% for the year. Would the Innovation Index come back and beat Dow Jones Index for the year? There are still two full weeks before the year comes to a close. (click on the image to view the complete index)

The reason for the weekly drop in the Innovation Index was owing to premature sell-off on Research In Motion (NASDAQ: RIMM) to the tune of 6% for the week due to couple of downgrades. Although as I report today, RIMM is up almost 4.6% and will make amends for last week's drop, and will possibly rebound for the rest of the year. Dell (NASDAQ: DELL) was also down 3% for the week. Expect a rally for Dell as Christmas and Holiday shopping goes into full gear. Dell is bound to benefit from the holiday sales.

The surprise mover of the week is Southwest Airlines (NYSE: LUV). Holiday travel is supposed to go up with good weather likely on the forecast. Oil prices have dipped and hence will fuel some profits; Barron's and Fortune released reports rating Southwest a Buy. Enough to raise the profile by 2% for the week. There is further upside in Southwest for the rest of the year.

Research In Motion (NASDAQ: RIMM), Cisco Systems (NASDAQ: CSCO) and Hewlett Packard (NYSE: HPQ) are the top three performers on the Innovation Index for the year gaining 91%, 56% and 38% respectively. eBay (NASDAQ: EBAY), Amazon.com (NASDAQ: AMZN) and Intel (NYSE: INTC) are the bottom three performers on the Innovation Index for the year losing 27%, 19% and 19% respectively.

I released stories on Innovations Driving Growth at three of the top 18 Innovators last week: General Electric (NYSE: GE), Proctor & Gamble (NYSE: PG) and 3M (NYSE: MMM). The stories are included below under references.

Where will the Innovation Index close for the year? Will there be a Santa rally? My projection is that the Innovation Index will be up 15% for the year.

The next Innovation Index report will be released on December 21, 2006.

About The Innovation Index

The Innovation Index is a compilation of the top 18 Innovators in North America.

The alphabetical list of the top 18 Innovators of The Innovation Index along with their stock ticker symbols are presented below:

3M Company - (NYSE: MMM)
Amazon.com, Inc. - (NASDAQ: AMZN)
Apple Computer, Inc. - (NASDAQ: AAPL)
Cisco Systems, Inc. - (NASDAQ: CSCO)
Dell Inc. - (NASDAQ: DELL)
eBay Inc. - (NASDAQ: EBAY)
General Electric Co. - (NYSE: GE)
Google Inc. - (NASDAQ: GOOG)
Hewlett-Packard Co. - (NYSE: HPQ)
Intel Corporation - (NYSE: INTC)
International Business Machines Corp. - (NYSE: IBM)
Microsoft Corporation - (NASDAQ: MSFT)
Research In Motion Limited - (NASDAQ: RIMM)
Southwest Airlines Co. - (NYSE: LUV)
Starbucks Corporation - (NASDAQ: SBUX)
Target Corp. - (NYSE: TGT)
The Proctor & Gamble Company - (NYSE: PG)
Wal-Mart Stores, Inc. - (NYSE: WMT)

Selected references:
Leading eBook on Creativity and Innovation in Business
Creativity and Innovation Best Practices
Creativity and Innovation Case Studies
The Innovation Index
Top 50 innovative companies in the world

References:

Innovations driving growth at General Electric and Proctor & Gamble

3M - The Innovation Machine

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