cbs.marketwatch.com
Transcript of 'MarketWatch Weekend'
By CBS MarketWatch
Last Update: 12:51 PM ET Jan 10, 2000
...BYRON WIEN: I think the leadership is going to move away from that
narrow band of stocks that has driven the market to an all-time high, to
other areas that are also attractive. I think the small- and mid-cap area are
going to do better, I think intermediate materials will do well, I think
energy and oil-service stocks will do well.
So I think there are a lot of sectors out there that really lagged behind the
market during 1999 and are attractive today. I think the technology stocks
-- while the fundamentals are still attractive, I think the prices fully discount
the fundamentals.
MS. CHRISTOFOROUS: In these volatile times, Byron Wien
recommends owning those tech stocks that are clear leaders in their
industry. He likes America Online (AOL: news, msgs), EMC Corp.
(EMC: news, msgs), and Cisco Systems (CSCO: news, msgs). He is
trying to avoid speculative favorites and wants to put his money in
companies that will be around for the long term.
Byron Wien also recommends raising some cash reserves. He believes the
market is sufficiently priced and cautions those who are fully invested in
this environment.
Finally, Wien says look beyond the favorites; namely, to forgotten sectors,
like hospital management, oil and oil-service stocks, and intermediate
materials.... |
