graphic
Personal Finance > Investing
White bearish on Motorola
October 6, 2000: 5:39 p.m. ET

President of Avatar has concerns about Ericsson, Texas Instruments
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - Charles White, president and portfolio manager, Avatar Associates, said Friday that investors graphicare better off avoiding Motorola. In the wireless communications sector, White recommended Nokia as a safer bet.

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: 800-304-FNET.

Click here to send your stock questions to the next guest


Name: Danny (location unknown)

Question: Texas Instruments (TXN: Research, Estimates). What is your opinion about Texas Instruments?

Answer: Texas Instruments has been under pressure with the rest of the group, and while we prefer Intel (INTC: Research, Estimates), we think TXN is an OK second choice.

Name: Kevin, Georgia

Question: Yahoo (YHOO: Research, Estimates). AOL (AOL: Research, Estimates). Yahoo, AOL have never missed estimates. So why is the stock down?

Answer: I think the problem with Yahoo is more of a valuation question and the business plan behind it is being called into question. We are avoiding the stock. AOL is being impacted by uncertainty on the status of the transaction to buy Time Warner. Longer term, the merged company will be the model for future transactions between Internet and content providers. [AOL is set to merge with Time Warner, the parent company of CNNfn.]

Name: Nancy (location unknown)

Question: Ericsson.  (ERICY: Research, Estimates). I would like to know what you think about Ericsson.

Answer: There are some valid concerns about growth in handsets but we believe that growth will meet or exceed expectations. We prefer to play the sector through Nokia (NOK: Research, Estimates).

Name: Dallas (location unknown)

Question: Motorola (MOT: Research, Estimates). Citigroup (C: Research, Estimates). I sold Motorola at $35. It's down to $27.50. How much lower do you think it can go? Also, I own some Citigroup and look to add to my position. Should I do that?

Answer: I still think MOT is an "avoid" and there are better players in their sector. I would look for competitors to outperform MOT in any rebound. Longer term, Citigroup should be a core position. At this point I would wait to see the quarterly result before adding to a position.

Name: Mike, New York

Question: Are REITs an attractive idea now?

Answer: REITs have performed very well after a disastrous year last year. This is not a good time to be initiating positions in this sector.

CNNfn welcomes your e-mail questions for our "Talking Stocks" guest. Please include your first name, state and one stock question per e-mail. Please keep in mind: "Talking Stocks" is for specific stock questions only.

If you do not see an answer to your e-mail here, it is because our guest does not cover the company.

Disclaimer Back to top





graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.