Hyman: Hold Nokia, TI

August 21, 2000: 8:44 p.m. ET

Nussbaum analyst also says techs are damaged goods if they miss earnings

NEW YORK (CNNfn) - Barry Hyman, chief market strategist at Ehrenkrantz King Nussbaum, Monday said that he thinks Nokia and Texas Instrument are worth holding, and investors should not expect high returns from Wal-Mart.

Every day at 1 p.m. ET, CNNfn viewers are invited to call in to the "Talking Stocks" segment and ask equity related questions of the guest expert. The toll-free number is: 1-800-304-FNET.

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Name: Bob, Phoenix

Question: What should I do with Wal-Mart (WMT: Research, Estimates)?

Answer: I would continue to hold, but don't expect outperformance over the next three to six months. The slowing economy, Wal-Mart's relatively high P/E and its aggressive acquisition strategy in the global markets should keep this stock mired in a trading range.

Name: Christopher, Illinois

Question: Nokia (NOK: Research, Estimates) doesn't seem to be living up to its promise. Do you think it is worth holding for the long-term?

Answer: Yes, I think Nokia is worth holding. Wall Street has to be convinced that its sales slowdown is a one-quarter phenomenon during a product transition. The third quarter earnings report will tell all - I would hold off buying until seeing that report.

Name: Lettie, Florida

Question: What are your short-term and long-term thoughts on Computer Associates (CA: Research, Estimates)?

Answer: I am neutral on both short and long scenarios. Any technology stock that has missed earnings in this market is unfortunately considered damaged goods. This is a stock trading near its low for the year that would best be looked at as a year-end tax selling candidate.

Name: Raj, Colorado

Question: What is your rating on Texas Instrument (TXN: Research, Estimates)?

Answer: I believe this stock is a core holding in the semiconductor chip sector. We saw a recent drop due to concerns regarding Nokia, which provided a great entry point. It has since rallied 30 percent and I would look to buy this stock on pullbacks in the low $60s.

- compiled by staff writer Joseph Lee

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