Monday January 3, 10:45 am Eastern Time
Company Press Release
SOURCE: Standard & Poor's
Featured Articles From S&P Personal Wealth
NEW YORK, Jan. 3 /PRNewswire/ -- Read the following articles exclusively at S&P
Personal Wealth (http://www.personalwealth.com). Standard & Poor's is a division of the
McGraw-Hill Companies:
"S&P Unveils PowerPicks 2000 Portfolio"
personalwealth.com
Standard & Poor's this morning unveiled the S&P PowerPicks 2000
Portfolio, which represents the collective "best ideas" from the Standard
& Poor's equity research staff for this year. Twenty-nine stocks
comprise the portfolio, including ADC Telecommunications (Nasdaq: ADCT - news),
Cisco Systems (Nasdaq: CSCO - news), Concentric Network (Nasdaq: CNCX - news), Covad
Communications (Nasdaq: COVD - news), LSI Logic (NYSE: LSI - news), Tyco International
(NYSE: TYC - news), Univision Communications (NYSE: UVN - news), and Vodafone Group
(NYSE: VOD - news).
"Maintain Bullish Investment Policy"
personalwealth.com
The big technology and communications winners of 1999 are bound to run
into profit taking in the near term. Investors can now sell and
establish gains without having to give the IRS its share until April
2001. But despite the exceptional concentration of interest in
technology and the group's vulnerability in the period just ahead, we
believe substantial representation here remains justified. Tech stocks
have bounced back strongly from each of the several setbacks in recent
years, and the profit taking we see ahead should be met fairly quickly by
dip buying.
"Oracle as a Lesson in Buy-and-Hold Investing"
personalwealth.com
The sharpest ascent in shares of Oracle Corp. (Nasdaq: ORCL - news) has come in
just the past two months, as it rocketed from $47 on Nov. 1 to a Dec. 31
close of 112 1/16, a record high. Catalysts included a positive earnings
surprise for its fiscal 2000 second quarter, in which Oracle posted
profits of 26 cents a share when Wall Street was expecting 22 cents.
Many market watchers think high-flying tech stocks such as Oracle could
stumble in early January as investors take profits, but given its long
history of beating the S&P 500 and its key position in e-commerce,
selling the stock now could be the riskiest move of all.
S&P Personal Wealth (http://www.personalwealth.com) is the award winning service created specifically for individual investors
by Standard & Poor's. Investment management features include personalized portfolio recommendations; buy, sell, and hold
alerts; free real-time quotes, live market commentary; and in-depth analysis and research on companies and funds from
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SOURCE: Standard & Poor's |
