|
Stock picks of the week
|
 |
June 23, 2000: 4:55 p.m. ET
Biogen, Ericsson, Nokia, Hilton Hotels, Weatherford International earn mention
|
NEW YORK (CNNfn) - Analysts and portfolio managers this week favored stocks in the tech, biotech, wireless, oil and gas and hospitality sectors. Among their top picks were GMH, Amgen, Biogen, Ericsson, Nokia, American Express, Transocean Sedco Forex and Starwood Hotels.
Every week CNNfn asks some of the top U.S. analysts and money managers to comment on their favorite picks.
Here's a rundown of their recommendations, culled from CNNfn.com's daily feature, "Stock picks by the pros."
"The big thing about the Internet is really the distribution capabilities, and a lot of what goes on in the Internet is not about technology. It's really about having a proprietary good or service that you can deliver over the technology. And we're trying to focus on those companies that we think have something proprietary that will likely bring people back repeatedly," said Peter Doyle, chief investment strategist, The Internet Fund.
"There are really three technologies that are going to provide broadband. It's going to be cable, satellite and DSL, which is coming over the phone lines," Doyle said. "And I believe it's one of the legs that is going to be the likely winner. Believe it or not, GMH (GMH: Research, Estimates) actually is the third-largest in subscribers, behind AOL (AOL: Research, Estimates) and Time Warner (TWX: Research, Estimates)." Time Warner is the parent company of CNNfn.
For more Friday picks, click here
"There are a lot of enticing valuations as well as enticing technologies [in the wireless industry]," said Seth Kirkham, analyst, Guinness Flight Wireless. "Some of the biggest stocks in our fund, Nokia (NOK: Research, Estimates) and Ericsson (ERICY: Research, Estimates), you can buy on about 50 times earnings for 25 percent earnings growth. Now, that's a sensible multiple, almost like some 'old economy' stocks that people are looking at to buy now. And they obviously have a significant growth path a long time into the future."
For more Thursday picks, click here
"I think that when investors gain confidence, they tend to move out of some of the Dow stocks, and into technology and biotech, and the more exotic areas of the market. That's why we've been having that swing back and forth," said Bernadette Murphy, market analyst with Kimelman & Baird.
"There are a number of stocks I like. In the financial services I like American Express (AXP: Research, Estimates). In biotech there's Amgen (AMGN: Research, Estimates). Then you have Biogen (BGEN: Research, Estimates) that's just starting to move," Murphy said.
For more Wednesday picks, click here
"It's always nice to keep some of your powder dry," said Richard Babson, analyst, Babson United Investment Advisor. "We like to buy and hold for the long term. So we'll make a specific judgment about the quality of a company, and we'll be buying it over time."
Babson said that he likes "exploration production, particularly Transocean Sedco Forex Inc. (RIG: Research, Estimates) and Weatherford International (WFT: Research, Estimates). Oil prices are going to stabilize between $26 and $29 a barrel and global growth is expanding."
For more Tuesday picks, click here
"The hotel industry is having a phenomenal second quarter after probably the best first quarter we've seen in five years. The companies that are best positioned in the hotel industry own full-service urban hotels, particularly in the markets of New York, Boston, San Francisco and Los Angeles. And the two companies that would fit that description best are Starwood Hotels (HOT: Research, Estimates) first, and then Hilton Hotels (HLT: Research, Estimates) second," said Jason Ader, leisure analyst at Bear Stearns.
For more Monday picks, click here
-- compiled by Alexandra Twin
|
|
|
|
|
|
Track your stocks
|
Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney
|
|
|
|
 |
|
