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Do Happy Employees Result in Better Stock Returns?

"Most of us have probably checked out out the annual lists of companies that are good to work for, but Parnassus Workplace (PARWX) may be the only mutual fund to actually use these lists -- along with their own research on employee-friendliness -- as a basis for a fund portfolio," notes fund expert Walter Frank.

The editor of the MoneyLetter explains, "Jerome Dodson, president of Parnassus Investments and portfolio manager of the fund, states, "I've always felt that companies that treat their employees well do better than those that don't.

"Parnassus is well known as a socially responsible investment shop. And the 'workplace excellence' screen is one more layer on its other socially responsible, financial and valuation screens.

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Analyst upgrades: BIOS, CMG and CSGP

MOST NOTEWORTHY: BioScrip, Chipotle Mexican Grill and CoStar Group were today's noteworthy upgrades:
  • BioScrip (NASDAQ: BIOS) was raised to Buy from Neutral at Broadpoint, as they believe the company's specialty business is worth more than the current price implies.
  • Baird upgraded Chipotle Mexican Grill (NYSE: CMG) to Outperform from Neutral following Q4 results, citing valuation and a positive view on fundamentals.
  • CoStar Group (NASDAQ: CSGP) was upgraded to Outperform from Market Perform at JMP Securities, as they expect the company to report a solid quarter next Thursday.
OTHER UPGRADES:

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IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 06:05 PM

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