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Stock picks by the pros
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October 4, 1999: 12:42 p.m. ET
Enzo Biochem, QLogic, CitiGroup, Anheuser-Busch all win praise
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NEW YORK (CNNfn) - A biotech company, one of the world's largest breweries and an integrated circuit manufacturer were among the companies analysts and money managers put on their short list Monday. Here are some of the stocks recent guests on CNNfn are buying and why:
Donald Selkin, chief investment officer at Joseph Gunnar, has a grab-bag of hot stocks from different sectors to dip into when he's hunting for profitable investments:
First off is Anheuser-Busch (BUD). "It's the largest brewery in the world, they make Bud and Michelob beer. They are also the largest recycler of aluminum cans. They operate theme parks -- SeaWorld, Busch Gardens and Sesame Place. They're also the third largest can manufacturer in the world. The stock has dropped from a high of about 84 to 71, coming into an attractive level. That's one that we like."
A second Selkin fave is QLogic (QLGC), "which makes integrated circuits and semiconductor parts. This is a very strong industry now."
Selkin's last choice is biotech stock Enzo Biochem (ENZ). "They're doing a human clinical trial with Hepatitis B, a (potential) cure for 2 billion people in the world affected by that. They're also working on some AIDS cures using human cell therapy, gene therapy. They earned 7 cents a share last year against 4 the year before. They have $57 million in cash. They're the first biotech company to go public. No insider has ever sold. The stock has been moving up and we think this is an interesting biotech stock that people might want to look at."
The market mood, says Al Goldman, chief market strategist at A.G. Edwards, "has shifted dramatically from complacency and bullishness to concern and bearishness. Because long-term fundamentals remain solid, though, we take this as a buying opportunity."
Among the stocks Goldman likes: "In the technology area, which, in my opinion is the No. 1 group, Applied Materials (AMAT) and Cisco Systems (CSCO) look very attractive."
"The pharmaceuticals," continues Goldman, "have been in the dog house, and we like Pfizer (PFE) here and Warner-Lambert (WLA). Also in the dog house, but starting to come out, is the financial area, and Citigroup (C) and Fannie Mae (FNM)" are good choices here.
Overall, Dodge Dorland, CIO at Landor Investment Management, sees telecom and media stocks performing well. In particular, anticipates Dorland, "several of the larger cap Internet stocks will behave well -- America Online (AOL) will be one. The smaller Internet stocks will be the play of the future over the next three to six months."
The views presented here are solely those of the analysts quoted. They do not represent the opinions of CNNfn on whether to buy or sell shares of a particular stock.
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