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Stock picks by the pros
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October 18, 1999: 12:19 p.m. ET
IBM, GE, Apple, eToys, Symbol Technologies, Merck shine
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NEW YORK (CNNfn) - A technology granddaddy, an auto maker and an industrial titan are among the picks being lauded by money managers, analysts and an e-commerce author Monday. Here are some of the stocks recent guests on CNNfn are buying and why:
The prospect of a market downturn doesn't phase John Shaughnessy, chief investment officer, of Advest, who notes that sensible investors "don't panic [when it comes to holding] quality long-term growth stocks, among them names like IBM (IBM), General Electric (GE), Apple Computer (AAPL), Texas Instruments (TXN), you do not panic and sell those stocks."
Still, says Shaughnessy, those who want to be on the safe side will "wait until CPI and this week's news is out of the way just to be sure, [as] investors are very nervous now. But certainly, GE, [for instance], will be on my shopping list to buy on a dip."
Clicks will never fully displace bricks-and-mortar, points out Juanita Ellis, author of the e-commerce book Building the E-Empire, because online retailers still must deliver physical goods to the shopper who orders from a virtual shop.
"There are companies, for example, such as Symbol Technologies (SBL), that focus on providing scanning devices where [the user can] go in, scan bar codes and track goods to ensure that they get to the consumer. [Symbol] is also working with companies like UPS to ensure delivery of those products."
Another feature of e-commerce shops that do well is that they take advantage of the medium's main strength -- its ability to present volumes of information in an accessible way. "Companies like eToys (ETYS) are doing well because they've truly customized their site for the end consumer and made it very easy to [research and] buy toys for different age groups, in different price ranges, and so forth."
Coming up at 2:45pm ET on CNNfn:
Tim Ghriskey, senior equity portfolio analyst at Dreyfus and Co., unveils his stock picks, among them Merck (MRK), "a top range drug company with a great long-term pipeline", and Temple-Inland (TIN), of which Ghriskey says "paper prices and box prices are going up, and [the company is also] ripe for a restructuring". 
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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