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Stock picks by the pros
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November 28, 2000: 12:41 p.m. ET
Microsoft, Lands' End, Jones Apparel, Philip Morris top the list
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NEW YORK (CNNfn) - Market strategists reviewed stocks in the retail, auto, technology and financial sectors, recommending companies such as Citigroup.
As the markets fell at midday Tuesday, recent guests on CNNfn commented on the stocks they are buying and why.
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 BILL MEEHAN'S STOCK PICKS:
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LE
JNY
MO
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"There's some good values. Some of the retailers look OK to me. I have a small position in Lands' End (LE: Research, Estimates); they've got some extremely good technology. I think I bought it right after last Christmas when they disappointed horribly; they under-marketed their catalogs, they cut catalogs substantially back, and it hurt them. They've made a lot of mistakes, but it's trading at less than even lowered growth expectations. I think they have very good management that made some poor marketing decisions. Their product line this year is much stronger," said senior market analyst Bill Meehan of Cantor Fitzgerald and Co.
"Jones Apparel (JNY: Research, Estimates) is trading at less than 11 times earnings, it's consistently growing their earnings very nicely. Mr. Buffett and I both have a position; his is a little bit larger," Meehan quipped.
"I don't think it's too late to buy Philip Morris (MO: Research, Estimates)," Meehan continued. "I bought it when it had double-digit yield, in terms of dividend. I think the dividend can grow very nicely, and I don't believe the American government under any type of administration is going to bankrupt such a large source of tax income."
Lands' End is trading up 33 cents to $26.84 with a 52-week high of $83.50 and a 52-week low of $18.70.
Jones Apparel is unchanged at $31.75 with a 52-week high of $33 and a 52-week low of $20.12.
Philip Morris is trading up 50 cents to $37 with a 52-week high of $38.62 and a 52-week low of $18.68.
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MICHAEL FARR'S STOCK PICKS:
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MSFT
C
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"We're in one of these tech-wreck things that happens every few years. And all of the talk that guys like me used to -- were wagging at the markets over the past year about the remarkable productivity afforded to us by tech stocks, and how it's sort of a dawning of a new age here, and you've got to have tech, now you can't have tech and Nasdaq stocks are lousy and it's all going down. And so if you buy good strong companies, good technology companies that have good earnings, good products and good management, over time you're going to do very well. And I think that if you like Microsoft (MSFT: Research, Estimates) at $120 a share, $70 a share. It's 31 times next years earnings. The stock's down. You know, this is a great company. The break it up; they don't break it up; there's still an enormous amount of value there starting with a new delivery system at Microsoft. Going to deliver a lot of their what was software packages now you're going to subscribe to it over the Web. This is a great, strong company," said Michael Farr, president of Farr Miller and Washington.
"I like Citigroup (C: Research, Estimates) and Citigroup I'm a little more ho-hum about. I mean, I think they've got a great Internet backbone and strategy and I think they're going to do very well over time. They've had a good rise. This is a nice core holding. It's not a screaming buy but I like it in the financials. I think it's going to work for you," Farr said.
Microsoft is trading down $3 to $67.69 with a 52-week high of $119.93 and a 52-week low of $48.43.
Citigroup is trading up 19 cents to $47.62 with a 52-week high of $59.12 and a 52-week low of $35.34.
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WENDY BEALE-NEEDHAM'S STOCK PICKS:
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F
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"We think Ford Motor (F: Research, Estimates), with its strong product lineup and its very strong cash flow, is a good place to be. We're looking at General Motors (GM: Research, Estimates) more for the potential for a Hughes (GMH: Research, Estimates) transaction, there. We like the fundamentals better at Ford," said Wendy Beale-Needham, autos and auto parts analyst at Credit Suisse First Boston.
Ford is unchanged at $24.56 with a 52-week high of $57.25 and a 52-week low of $23.37. 
-- compiled by Staff Writer Lucy Banduci
* Disclaimer
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