religion stock
n. Stock from a company that investors believe will continue to show increased revenues and profits for many years to come.
Examples
2000
A religion stock inspires (or used to inspire) blind faith. You know the names: America Online, Charles Schwab, Cisco Systems, Dell Computer, EMC, Lucent Technologies, Medtronic, Microsoft, Oracle and Yahoo, among others.
—Jane Bryant Quinn, “False Worship at the Altar of Hot Stocks,” The Washington Post, October 29, 2000
2000
Investors who bought and held any one of those 34 stocks might have thought they were playing it safe. But in business, "a lot can change in a short time," Feld says. The same is true of any particular market sector, including what Leuthold calls the high-tech "religion stocks." Where will Cisco, Intel and Oracle be in 2010, compared with the SP? What about Yahoo and Amazon?
—Kevin Peraino & Temma Ehrenfeld, “Wave The Bubble Goodbye,” Newsweek, April 24, 2000
1985 (earliest)
''Texas Oil and Gas has been a religion stock within the energy group,'' said George D. Baker, an industry analyst at Smith Barney, Harris Upham & Company.
—Vartanig G. Vartan, “Market Place; Mixed View Of Gas Stock,” The New York Times, January 02, 1985
Notes
Marcelo Mareque suggested this phrase.
Filed Under
investing
Posted: November 20, 2000