Also found in: Wikipedia.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
50 blue-chip stocks that were regarded as profitable long-term investments during the 1960s and 1970s. The practice of buying and holding the nifty 50 is considered to be largely responsible for the bull market of the early 1970s; indeed the prices for the nifty 50 were driven up to very high, unsustainable levels. Most of the nifty 50 had strong growth rates and low P/E ratios. Examples included Anheuser-Busch and American Express. They were also called the Favorite 50.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Fifty large growth stocks that tend to be favorite holdings of institutional investors. These stocks typically have large numbers of shares outstanding and a history of consistently rising earnings and dividends. Examples include DuPont, General Electric, and Procter & Gamble. Also called favorite fifty, institutional favorites.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.