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Personal Finance > Investing
Stock picks by the pros
December 19, 2000: 12:28 p.m. ET

Duke Energy, Pinnacle West Capital, Intel, and Philip Morris get selected
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NEW YORK (CNNfn) - Market strategists reviewed stocks in the technology, energy and communications sectors Tuesday, recommending companies such as BellSouth.

As the markets gained in midday trading, recent guests on CNNfn commented on the stocks they are buying and why.


  graphic BARRY ABRAMSON'S STOCK PICKS:  
   
  • DUK
  • PPL
  • PNW
  •    
    "Favorite stocks in the (energy) group right now are Duke Energy (DUK: Research, Estimates), PPL Corp.  (PPL: Research, Estimates), and Pinnacle West Capital  (PNW: Research, Estimates), three companies that seem to be able to benefit from these higher prices in the West, and also companies with good underlying fundamentals," said utility analyst Barry Abramson of UBS Warburg.

    Duke Energy is trading down 13 cents to $84.87 with a 52-week high of $90.43 and a 52-week low of $45.75.

    PPL is trading up 31 cents to $42.06 with a 52-week high of $44.81 and a 52-week low $18.37.

    Pinnacle West Capital is trading up 38 cents to $46.31 with a 52-week high of $52.68 and a 52-week low of $25.68.


      graphic TIMOTHY GHRISKEY'S STOCK PICKS:  
       
  • INTC
  • MO
  • BLS
  • VZ
  •    
    "Intel (INTC: Research, Estimates) is one stock that is beaten up, inexpensive, and obviously has great long term visibility of earnings," said Timothy Ghriskey, senior equity portfolio manager at Dreyfus Corp.

    "Philip Morris (MO: Research, Estimates) which is going to do a partial IPO of their Kraft food business in the first half. We think is a great story. Your getting a great dividend here. The litigation is really on the down side for tobacco," Ghriskey said.

    "The communications sector really beaten up, but we like it a lot. And the regional Bells, BellSouth (BLS: Research, Estimates) and Verizon (VZ: Research, Estimates) they have been -- are the winners against the CLECs, which are really in disarray. So, we would take a great defensive bet there," he asserted.

    Intel is trading up $1.81 to $35.06 with a 52-week high of $75.81 and a 52-week low of $31.25.

    Philip Morris is trading up 81 cents to $42.13 with a 52-week high of $41.81 and a 52-week low of $18.68.

    BellSouth is trading down $2.50 to $41.38 with a 52-week high of $53.50 and a 52-week low of $34.93.

    Verizon is trading down $4.25 to $51.56 with a 52-week high of $67.25 and a 52-week low of $39.06. graphic


    -- compiled by Staff Writer Lucy Banduci
    * Disclaimer

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