3Com, Netscape among January picks - Barron's
Reuters, Sunday, December 28, 1997 at 16:53
NEW YORK, Dec 28 (Reuters) - 3Com Corp (NASDAQ:COMS), Netscape
Communications Corp (NASDAQ:NSCP) and First Data (NYSE:FDC) figured
among a list of companies dubbed potential winter winners in
the current issue of Barron's financial weekly.
The list was composed by Jeff Warantz, a senior analyst at
Salomon Smith Barney, and identifies "beaten-down equities that
appear to be fundamentally attractive," the article said.
The prices of underperforming equities sometimes dip
further towards the end of the calendar year as investors turn
to tax-loss selling to offset capital gains, the article said.
Such stocks then create potential bargains for January
investment.
Warantz's list consists of stocks whose shares are more
than 20 percent below their two-year average price and are
rated buy or outperform by Salomon Smith Barney.
Besides predominant technology stocks, restaurateur Planet
Hollywood International Inc (NYSE:PHL), eyeware retailer Sunglass
Hut International Inc (NASDAQ:RAYS) and online grocery and delivery
company Peapod Inc (NASDAQ:PPOD) were also named.
Copyright 1997, Reuters News Service
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This should give the stock a push UP. :-) ! |
