From Briefing.com:
But when the smoke clears which stocks will be best positioned for a recovery... The general rule of thumb in momentum driven markets is to buy those stocks which held up the best during the decline... That would include stocks such as Microsoft, Dell, Cisco, Lucent, PeopleSoft, Qualcom, etc. Unfortunately, in the case of MSFT and DELL valuations are still historically high... Consequently, Briefing would
hesitate to jump into these issues quite yet... The best bargains will be found elsewhere, however... For those willing to ride out some additional near-term volatility, Briefing maintains that Applied Materials, Novellus, Intel, LSI Logic, National Semiconductor, Ascend Communications, Cabletron Systems, Symantec, Andrew, Quantum, Western Digital, Read-Rite, Kulicke & Soffa offer intriguing capital appreciation potential as the potential bad news has already been priced into these stocks. |
