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Gretz prefers Sysco
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August 18, 2000: 4:00 p.m. ET
Shields & Co. analyst also likes Applied Micro Circuits, Foundry
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NEW YORK (CNNfn) - Frank Gretz, market analyst at Shields & Co., said on Friday he prefers restaurant-supply company Sysco to TRICON Global or McDonald's, Applied Micro  Circuits is the best stock in the chip sector, and he prefers Foundry to Copper Mountain.
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Name: Jim, Oregon
Question: TRICON Global Restaurants (YUM: Research, Estimates). What do you think of this stock?
Answer: After a period of weakness, the stock seems likely to work its way higher. However, the group in general is struggling, including even McDonald's (MCD: Research, Estimates). Consequently I would prefer a food area like what [restaurant-supply company] Sysco (SYY: Research, Estimates) is in.
Name: Jim (location unknown)
Question: Applied Micro Circuits (AMCC: Research, Estimates). What do you think of this stock?
Answer: This is one of the best stocks in this group. There's no reason not to buy or hold, but with a caveat: the stock is very volatile.
Name: Brent, Florida
Question: Copper Mountain Networks (CMTN: Research, Estimates). Where do you see Copper Mountain going in the short term?
Answer: The stock has been beaten up recently, but shows signs of stabilizing. It's worth a speculative buy, and certainly I would hold it here if you already own it. Foundry (FDRY: Research, Estimates) looks a bit better.
Name: Gene, Mississippi
 Question: Cisco (CSCO: Research, Estimates). I bought Cisco near its high of $80. Will it ever get back there, and should I buy more at today's prices? It's been in a sideways motion lately.
Answer: Great news and can't rally -- that's always a little worrisome. However, the stock is stuck in the $60-to-$70 trading range, and as a technical analyst I would respect whatever direction it takes out of that trading range.
Name: Zubcic (location unknown)
Question: AT&T (T: Research, Estimates). I would like to know your opinion on AT&T. Would you be a buyer at this time?
Answer: Poor AT&T -- it can't seem to get out of its own way, and it's not alone when it comes to the long-distance companies. There's a hope that the stock is trying to hold here, and it's certainly due for some recovery. However, any major recovery seems likely to take time, and I would prefer something like Global Crossing (GBLX: Research, Estimates) for new money.
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-- compiled by Staff Writer Mark Gongloff
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