|
Stock picks by the pros
|
 |
December 21, 2000: 12:23 p.m. ET
EMC, Network Appliance, Brocade, JDS Uniphase, Tiffany get chosen
|
NEW YORK (CNNfn) - Market strategists reviewed stocks in the technology and retail sectors Thursday, recommending companies such as Agilent.
As the markets gained in midday trading, recent guests on CNNfn commented on the stocks they are buying and why.
| |
 BRIAN BELSKI'S STOCK PICKS:
|
|
| |
|
A
ADCT
JDSU
|
|
|
"Agilent's (A: Research, Estimates) a spinoff of Hewlett-Packard that came out with great earnings a quarter ago. The stock is bottoming out on the chat. It also, in terms of its valuation, looks very compelling here," said Brian Belski, market strategist at U.S. Bancorp Piper Jaffray.
"ADC Telecommunications (ADCT: Research, Estimates), is a player within the telecom equipment market. They've had a lot of acquisitions that they're going to begin to integrate. Strong earnings and revenue growth going forward," Belski said.
"JDS Uniphase (JDSU: Research, Estimates), a three-for-one split the hard way, as they say in the business, but at the same time this is a stock that's approaching its growth rate. We have not seen any indications on a quarterly basis going over the next two or three quarters that growth will significantly slow down. So we think that could be a valuation call here," he added.
Agilent is trading up 38 cents to $52.88 with a 52-week high if $162 and a 52-week low of $38.06.
ADC Telecommunications is trading up 69 cents to $17.56 with a 52-week high of $49 and a 52-week low of $13.18.
JDS Uniphase is trading up $2.06 to $48.06 with a 52-week high of $153.42 and a 52-week low of $45.
| |
STEVEN MILUNOVICH'S STOCK PICKS:
|
|
| |
|
EMC
NTAP
VRTS
BRCD
|
|
|
"Storage stocks are expensive. So they are at some risk near-term. But we definitely think that storage demand is going to exceed expectations. The market is growing 30 to 40 percent. And we like the pure plays here. So that's companies like EMC (EMC: Research, Estimates), Network Appliance (NTAP: Research, Estimates), Veritas (VRTS: Research, Estimates), and Brocade (BRCD: Research, Estimates)," said Steven Milunovich, technology strategist at Merrill Lynch.
EMC is trading up $3.88 to $59.50 with a 52-week high of $104.93 and a 52-week low of $41.65.
Network Appliance is trading up $8.44 to $62.19 with a 52-week high of $152.75 and a 52-week low of $29.84.
Veritas is trading up $8.62 to $89 with a 52-week high of $174 and a 52-week low of $59.91.
Brocade is trading up $3.56 to $150.81 with a 52-week high of $267.43 and a 52-week low of $55.06.
| |
DANA TELSEY'S STOCK PICKS:
|
|
| |
|
BBBY
TLB
TIF
|
|
|
"I think that some of them will have a good quarter. Bed Bath & Beyond (BBBY: Research, Estimates) certainly looks like they're doing very well, lately, as is Talbots (TLB: Research, Estimates). We believe Tiffany (TIF: Research, Estimates) will also a good quarter," said specialty retail analyst Dana Telsey of Bear Stearns.
Bed Bath & Beyond is trading up 50 cents to $22.94 with a 52-week high of $27.31 and a 52-week low of $11.
Talbots is trading up $1 to $39.88 with a 52-week high of $54 and a 52-week low of $14.12.
Tiffany is trading down 62 cents to $28.88 with a 52-week high of $45.37 and a 52-week low of $27.09. 
-- compiled by Staff Writer Lucy Banduci
* Disclaimer
|
|
|
|
|
|
Track your stocks
|
Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney
|
|
|
|
 |
|
