Wednesday, October 08, 2008

Minnesota Stocks

Trade was one of Minnesota's earliest industries. A lot has changed since the days when fur trading was the main business of this economy. Today Minnesota is home to a vibrant economy. The state is a top producer of wind power and ethanol fuel.

Some interesting facts about the state are:

1. Purchase and sale of cattle, sheep, goats, poultry and fur-bearing animals is tax-free.
2. Petroleum derivates are tax-free when used in the production of agricultural products.
3. Forest products, minerals, and outdoor recreation represent 6% of the State’s gross product.
4. Minnesota’s top exports are: computers, and electronics, and machinery.
5. The state’s top trading partners are Canada, China and Ireland.
6. Minnesota has the 14th lowest property tax in the nation.
7. More fortune 500 companies are headquartered in Minnesota per person than in any other state.
8. Between 1994 and 2004 Minnesota’s medical technology employment grew by over 40%.
9. Currently the University of Minnesota is funding and researching over 90 different projects to produce bio-fuels.
10. Minnesota offers an incentive for businesses to locate in certain rural areas of the state. This program is called JOBZ, and provides mainly tax relief to companies that startup, or relocate to these specific areas.

The following companies are headquartered in Minnesota:

U.S. Bancorp (USB) is a financial company, its products include, checking, savings and money market accounts, as well as loans and mortgages. The company also offers credit cards. The stock has a PE of 15, a PEG of 2.44, and it pays a yield of 4.6%.

Medtronic Inc. (MDT) is in the medical field. The company designs and produces several medical devices such as pacemakers and defibrillators. The stock has a PE of 24, a PEG of 1.28, and it pays a yield of 1.5%.

3M Company, (MMM) is a multi segment technology company. Its business segments include: display and graphics, safety, security, industrial and transportation. The stock has a PE of 12, a PEG of 1.06, and it pays a yield of 3%.

Target Corporation (TGT) is a retailer with stores throughout the country. It offers goods from general merchandise to electronics, to consumables, to sporting goods. The stock has a PE of 13, a PEG of 0.97, and it pays a yield of 1.4%.

UnitedHealth Group (UNH) is a healthcare company that operates in the United States, it offers health benefit plans. It works with employers who ensure their employees and also directly with people purchasing insurance on their own. The stock has a PE of 8, a PEG of 0.73, and it pays a yield of 0.1%.

Mosaic Co. (MOS) designs and sells nutrients for animal and agricultural use. It produces fertilizers among other products. The stock has a PE of 9, a PEG of 0.31, and pays a yield of 0.3%.

Travelers Companies Inc. (TRV) is an insurance company. It sells commercial and personal property and casualty insurance. Its customers are businesses, individuals and the government. The stock has a PE of 6, a PEG of 0.73, and it pays a yield of 2.8%.

General Mills, Inc (GIS) makes and sells ready to be consumed food, such as yogurts, cereals, and frozen meals. It operates in the United States and Canada. The stock has a PE of 19, a PEG of 2.02, and it pays a yield of 2.5%.

Best Buy Co. Inc. (BBY) is a retailer specialized in electronic products, and software in the United States, Canada, and China. The stock has a PE of 11, a PEG of 0.77, and it pays a yield of 1.5%.

St. Jude Medical, Inc. (STJ) is engaged in the creation, production and distribution of cardiovascular medical equipment. The stock has a PE of 22, and a PEG of 1.20.

Don't forget to check out stocks from some of the western states, such as Arizona stocks, Oregon stocks, and Nevada stocks.

Author does not own any of the above.


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