Lehman's 10 'uncommon values' stock picks
cbs.marketwatch.com
NEW YORK (CBS.MW) -- Lehman Brothers revealed its 10 "uncommon values" stock picks Thursday, with a selection that was concentrated in technology.
The list included: America Online (AOL: news, msgs), AT&T (T: news, msgs), Firstar Corp. (FSR: news, msgs), Ford Motor Co. (F: news, msgs), General Instrument Corp. (GIC: news, msgs), Intel (INTC: news, msgs), KLA-Tencor (KLAC: news, msgs), Eli Lilly (LLY: news, msgs), Microsoft (MSFT: news, msgs) and Tyco International (TYC: news, msgs). "Our selections for the 'uncommon values' portfolio reflect good old-fashioned, bottom-up stock picking in which we identify those common stocks that are poised to outperform the broader market throughout the 12-month life of the portfolio," said Lehman's Jeffrey Applegate, chief U.S. investment strategist and chair of the committee that picks the stocks from analysts' recommendations.
Investors will have the opportunity to invest in 1999's 10 uncommon values portfolio through a Unit Investment Trust.
Historically, Lehman said, the "uncommon values" picks have done better than the S&P 500 index ($SPX: news, msgs) in the following year. The 10 stocks selected in the 1998 and 1999 period, for example, rose 51.2 percent from June 1998 through June 1999 compared to a 21.1 percent climb in the S&P 500 over the same period, Lehman noted.
Moreover, from 1949 -- when the "uncommon values" list was first presented -- through 1999, the portfolios were up 251,897 percent as opposed to a 9,227 percent rise for the S&P 500 during the same period, Lehman (LEH: news, msgs) said.
It's the 51st year that Lehman's global equity research has made this kind of selection.
Firstar and Tyco are the only stocks on this year's list that were also among last year's selections. |
