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Stock picks by the pros
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November 20, 2000: 12:57 p.m. ET
BellSouth, Quest, A.G. Edwards and Citigroup get recommended
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NEW YORK (CNNfn) - Market strategists reviewed stocks in the telecommunications and financial sectors, recommending companies such as Alliance Capital.
As the markets declined at midday Monday, recent guests on CNNfn commented on the stocks they are buying and why.
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 DRAKE JOHNSTONE'S STOCK PICKS:
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BLS
Q
COX
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"I still have a strong buy rating on BellSouth (BLS: Research, Estimates). Yes. The other two telecoms I like are Qwest Communications (Q: Research, Estimates), which as you know, because U S West. They're growing Internet data revenues at 50 percent. And also Cox Communications (COX: Research, Estimates) which I believe is the best positioned cable company out there," said Drake Johnstone, telecom analyst at Davenport & Co.
BellSouth is trading down $1 to $41.12 with a 52-week high of $53.50 and a 52-week low of $34.93.
Quest Communications is trading down 94 cents to $40.94 with a 52-week high of $69.43 and a 52-week low of $34.
Cox Communications is trading down $1.37 to $38.25 with a 52-week high of $58.37 and a 52-week low of $31.68.
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BERNIE PICCHI'S STOCK PICKS:
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AGE
AC
C
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"We still like financial services. That is a very broad area, but within financial services we especially like those companies that we think are going to be beneficiaries of the incredible wealth creation that has occurred with the explosion of stock market values in the last 20 years, the last 15 years rather, and also the intergenerational transfer of wealth, as the World War II transfers its wealth to the Baby Boomer. Some independent brokers, like A.G. Edwards (AGE: Research, Estimates) for example. We like the money managers like Alliance Capital (AC: Research, Estimates). We also like the money management arm of Citigroup (C: Research, Estimates). We think all those stocks will do very well in the current environment," said Bernie Picchi, portfolio manager at Federated Investors.
A.G. Edwards is trading down $1.87 to $47.38 with a 52-week high of $57.93 and a 52-week low of $26.75.
Alliance capital is trading down 31 cents to $47.50 with a 52-week high of $56.68 and a 52-week low of $27.87.
Citigroup is trading down $1.66 to $49.44 with a 52-week high of $59.12 and a 52-week low of $35.34. 
-- compiled by Staff Writer Lucy Banduci
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